ADA is under pressure after market reports said large holders sold more than $500 million in holdings, adding uncertainty to near-term price action. Against that backdrop, some traders are also watching Avalanche (AVAX) and Remittix (RTX) for signs of changing positioning.
Both tokens have been associated with reports of increased accumulation by larger wallets, although on-chain activity can have multiple explanations and does not guarantee future performance.
Cardano Price Levels Put $0.76 Support in Focus
ADA was hovering near $0.822 at the time of writing after a modest 24-hour decline, according to the figures referenced in the original report. The same coverage said whales have offloaded over $500 million worth of ADA, a data point some analysts interpret as a potential headwind for near-term sentiment. On the hourly chart cited, ADA failed to hold resistance at $0.8233, with $0.76 highlighted as a nearby support level.
If price moves below that area, some traders would look to lower levels such as $0.69 as the next potential support zone. Conversely, holding above roughly $0.82 could keep price action range-bound between $0.81 and $0.84, with any move higher dependent on broader market conditions and follow-through buying.
Avalanche Price Slides After Losing $34 Resistance
AVAX was cited at $30.68 after a rejection near the $34 resistance area. With support forming around $30.60–$30.80, some traders treat that zone as a key near-term level. The same AVAX coverage referenced net outflows of –$1.45M, which may indicate tokens moving to exchanges; however, such flows can be mixed and do not on their own confirm buying or selling intent.
The AVAX price prediction discussed in that analysis depends on whether support holds, with oversold RSI conditions sometimes cited as consistent with a short-term bounce. A recovery toward $32.50–33.50 was presented as one possible scenario if momentum returns, while a breakdown was linked with a potential slide toward $28.50. Longer-term discussions around subnets and institutional participation remain themes in Avalanche coverage, though their impact on price is uncertain.
ADA Whales Sell While RTX Draws Project-Reported Interest
As attention remains on large-holder activity in ADA, some market commentary has also pointed to Remittix (RTX), a PayFi-focused token. According to project materials, Remittix aims to support crypto-to-fiat transfer use cases with fees described as flat and transparent.
The project also reports that it has raised more than $26.7M as part of an ongoing token sale, though fundraising figures and wallet activity are not independent indicators of future market performance.
- The project says it has announced BitMart as an initial centralized exchange listing and has referenced LBank as another planned listing tied to fundraising milestones.
- The project states that beta wallet testing is available and is intended to support crypto-to-bank transfer functionality.
- The project describes marketing incentives, including a referral program, as part of its community outreach.
- The project references CertiK in connection with its security and verification efforts; readers should review any third-party reports directly for details.
For reference, project links are included below.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This article contains information about a cryptocurrency token sale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute financial or investment advice.
