Cardano Price Hits Pause Amid Whale Selling and Consolidation

Cardano's price is experiencing a brief pause after its sharp rally last week, where it gained over 24%.

This correction is likely due to traders taking profits following the US Treasury's decision to double its debt buyback operations, which led to a broader cryptocurrency market boost.

However, despite this consolidation phase, the technical structure remains constructive for Cardano.

The Moving Average Convergence Divergence indicator and Relative Strength Index suggest that buying momentum is still present in the market.