Cardano Price Flashes Warning Signals, ADA Pullback Looms

Cardano's price has surged in recent weeks, rising from around $0.14 to briefly approach the $0.20 mark.

The move has brought ADA back into focus as bulls attempt to extend the recovery and push the price higher.

However, after a pullback, traders are questioning whether ADA has enough momentum to continue its upward move or if the recent rally is starting to lose steam.

A decline in whale holdings, from 2,370 to 2,340, indicates that larger holders may be reducing their exposure and potentially limiting upside.