Cardano（ADA）价格反弹25％，但鲸鱼抛售引起了人们的关注。

Cardano（ADA）试图从最近的经济下滑中恢复过来，但有些鲸鱼可能早就退休了。大型持有人显然已经倾倒了超过1.8亿ADA

Cardano (ADA) is attempting to recover from its recent downturn, but some whales may be retiring early.

Cardano（ADA）试图从最近的低迷中恢复过来，但有些鲸鱼可能早就退休了。

In the last five days, large holders have apparently dumped over 180 million ADA, which has raised concerns in the cryptocurrency market.

在过去的五天中，大型持有人显然已经倾倒了超过1.8亿ADA，这引起了加密货币市场的关注。

Cardano Whales Pull the Trigger Amid ADA Price Rebound

Cardano鲸鱼在ADA价格反弹的情况下拉动扳机

Since hitting a low of $0.50 in April, ADA has experienced a slight recovery, increasing more than 25%. Bulls are cautiously optimistic about this comeback, which is being driven by rekindled interest and some respite in altcoin sentiment. However, Cardano’s largest bag holders have taken notice of the bounce.

自从4月达到0.50美元的低点以来，ADA经历了轻微的恢复，增长了25％以上。公牛对这种卷土重来持谨慎的态度，这是由兴趣重新点燃的兴趣和一些喘息的兴奋所驱动的。但是，Cardano最大的袋子持有人注意到了反弹。

According to Santiment’s on-chain statistics, whales offloaded about 180 million ADA.

根据Santiment的链统计，鲸鱼约有1.8亿ADA。

This aggressive action may have been motivated by whales' desire to lock in profits following the brief surge. This divergent behavior highlights the increasing cryptocurrency market uncertainty, even as retail and mid-tier ADA investors seem to be holding or buying into the decline.

这种积极的行动可能是出于鲸鱼渴望在短暂涌现之后锁定利润的愿望而激发的​​。这种不同的行为强调了加密货币市场不确定性的日益增加，即使零售和中期ADA投资者似乎正在持有或购买。

Top analyst Ali Martinez noted that this wave of selling coincides with Cardano stalling at critical resistance levels, particularly around $0.66. With the ADA price failing to break through, whales may be anticipating another leg down, especially as macroeconomic tensions continue to weigh on risk assets.

顶级分析师阿里·马丁内斯（Ali Martinez）指出，这种销售浪潮与卡尔达诺（Cardano）停滞的关键阻力水平相吻合，尤其是0.66美元左右。随着ADA的价格未能突破，鲸鱼可能会预计另一只腿会降低，尤其是当宏观经济紧张局势继续压在风险资产上时。

ADA Caught in a Tug-of-War Between Bulls and Bears

艾达陷入公牛和熊之间的拔河比赛中

Currently trading at around $0.63, ADA is struggling to rise above the crucial resistance level of $0.66. Bulls are having difficulty gaining traction in the absence of a clear catalyst, as this level has continuously stopped upside momentum. The approaching 200-day moving average, which is at around $0.75 and acts as a significant benchmark for validating a true bullish reversal, is adding to the pressure.

ADA目前的交易价格约为0.63美元，正努力提高至关键的阻力水平0.66美元。在没有清晰的催化剂的情况下，公牛很难获得吸引力，因为这个水平不断停止上升空间。即将来临的200天移动平均水平约为0.75美元，它是验证真正看涨逆转的重要基准，这增加了压力。

Chart 1: Cardano/TedherUS chart, published on TradingView, April 19, 2025

图表1：Cardano/Tedherus图表，于2025年4月19日在TradingView上发布

Meanwhile, if ADA price breaks below the $0.60 support level, analysts warn it could revisit the $0.50 zone, a level ADA price last saw during its March sell-off. This would reinforce the bearish case, especially if whale distribution continues.

同时，如果ADA的价格突破低于0.60美元的支持水平，分析师警告说，它可以重新访问0.50美元的区域，这是ADA价格在3月份抛售期间最后一次看到的。这将加强看跌案，尤其是在鲸鱼分配继续下去的情况下。

Rising geopolitical uncertainties, especially the protracted US-China trade dispute, inflation concerns, and impending regulatory moves, are largely to blame for the market's caution. Due to this, even assets with long-term plans and robust development activities, like Cardano, have suffered from cautious investors dropping out.

地缘政治不确定性的上升，尤其是旷日持久的美国 - 中国贸易争端，通货膨胀问题和即将发生的监管行动，这在很大程度上要归咎于市场的谨慎。因此，即使是具有长期计划和强大开发活动的资产，也是Cardano，也遭受了谨慎的投资者退出的困扰。

However, not everyone sees doom ahead. Some analysts believe that once global macro conditions stabilize, ADA could stage a more impressive comeback, especially with ecosystem upgrades, smart contract adoption, and DeFi growth on the horizon.

但是，并不是每个人都看到厄运。一些分析人士认为，一旦全球宏观条件稳定，ADA可能会出现更令人印象深刻的复出，尤其是随着生态系统升级，采用智能合同和DEFI增长即将到来。

Can Cardano Flip the Script?

Cardano可以翻转脚本吗？

Looking ahead, ADA’s next move depends on whether it can hold its $0.60 support and reclaim $0.66 resistance with conviction. A decisive push above $0.75 could revive bullish momentum and send the ADA price on a recovery path. However, if selling pressure resumes and support fails, ADA risks slipping into deeper losses.

展望未来，ADA的下一步行动取决于它是否可以持有其0.60美元的支持并以信念收回0.66美元的抵抗。果断的推动力超过$ 0.75可以振兴看涨的动力，并在恢复道路上发送ADA价格。但是，如果销售压力恢复和支持失败，ADA可能会陷入更深层次的损失。

With whale activity often acting as a leading indicator, many are watching closely to see if this dump was just smart profit-taking or the start of another leg down.

由于鲸鱼活动通常充当领先的指标，许多人都在密切关注，以查看此垃圾场是否只是明智的盈利或另一支腿的开始。

Last Thoughts: ADA’s Make-or-Break Moment Is Here

最后的想法：艾达（Ada）的成败时刻在这里

The recent whale exodus raises a big question: Is this a routine exit after a rally, or a red flag for deeper downside? Cardano remains in a tight spot, stuck between promising fundamentals and macro-driven fear. For now, ADA investors will need to keep a close eye on key levels and on-chain trends. Whether this is the calm before a bullish breakout—or a setup for further decline — will likely become clearer in the days ahead.

最近的鲸鱼出埃及记提出了一个很大的问题：这是集会后的常规退出，还是危险信号以使其更深层的下行一面？卡尔达诺（Cardano）仍然处于一个紧密的位置，陷入了有前途的基本面和宏观驱动的恐惧之间。目前，ADA投资者将需要密切关注关键水平和链上趋势。这是否是看涨突破之前的平静，或者是进一步下降的设置，在未来的日子里可能会变得更加清晰。