Cardano’s (ADA) short-term bullish momentum might be short-lived as whales signal potential selling of the asset.
Specifically, whales have moved a staggering $110.5 million worth of ADA, according to on-chain data tracked by Whale Alert on September 29.
These transfers, involving 70,187,366 ADA valued at $56.2 million and 67,926,042 ADA worth approximately $54.3 million, were moved between unknown wallets and Coinbase.
Such large transactions often suggest that major players are either preparing to sell or rebalancing their portfolios, which could lead to increased volatility in the ADA market.
This outlook comes as ADA continues to trade in line with broader cryptocurrency market sentiment. As of press time, the asset was valued at $0.79, gaining over 3% in the past 24 hours, while on the weekly timeline, Cardano has corrected by about 3.4%.
ADA price prediction
Regarding the price reaction, Finbold turned to OpenAI’s artificial intelligence model, ChatGPT-5.
According to the tool, with ADA trading at $0.79, a key support level for traders, the movement of over $110 million by whales increases the risk of short-term downward pressure.
A dip toward $0.70 is possible if these large holders sell, with further retracement to $0.65 if broader market conditions turn bearish.
Conversely, ChatGPT noted that the price could stabilize if the market absorbs the activity, with long-term holders potentially seeing dips as buying opportunities given Cardano’s ongoing growth in smart contracts and DeFi.
In the medium term, the AI platform suggested that ADA may trade between $0.70 and $0.85 as it consolidates.
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