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Cardano Defends $0.80 Support as Whales Sell and Retail Sentiment Hits 5‑Month Low

A forensic audit cleared IOG and Charles Hoskinson.

Overview

  • ADA trades near $0.82 after multiple defenses of the $0.80–$0.84 band, with $0.92–$0.95 flagged by analysts as the hurdle to reopen a run toward $1.00.
  • Santiment reports the most negative retail mood in five months at roughly a 1.5:1 bullish-to-bearish ratio, a setup some view as contrarian after a roughly 5% bounce.
  • Ali Martinez says whales sold about 50 million ADA in 48 hours, extending recent large‑holder offloading that previously topped 30 million after the $1 tag.
  • Technicians highlight a TD Sequential buy signal, a falling‑wedge setup and an ascending channel since June, while RSI and MACD point to waning bearish momentum.
  • Volumes have eased in recent days, raising the bar for a clean breakout, and a drop under ~$0.78 would increase downside risk toward $0.74–$0.70.