币东风
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Cardano is back with a bang! ADA hits a new all-time high and may break through $16
Although Cardano (ADA) has experienced a 12.13% drop in the past month, recent trends suggest the possibility of a strong rebound. Historically, similar downward trends have led to explosive rebounds in the asset and set new all-time highs.
Currently, ADA's trend is strikingly similar to the situation during the 2021 rally. After breaking through the supply zone, the price pulled back and entered a consolidation phase, eventually achieving a sharp rise. Now, ADA has broken through this key range again and may once again head for the all-time high of $3.10. If the rebound continues, the price may even break through $16.
In addition, a lot of accumulation is quietly happening in the market. Data shows that investors have actively bought ADA and held it for the long term in the past seven weeks. The total amount reached $379 million, showing strong market interest. This could lead to tight supply, which in turn pushes up prices.
Compared with the accumulation speed in the 2020-2021 cycle, the current accumulation speed is much faster, reaching 39.6 times the previous one. If this trend continues, the price of ADA is likely to break through the all-time high and rush towards $16.
Despite the recent decline in ADA prices, the flow of funds in the derivatives market remains bullish. Investors are actively opening long contracts, which suggests that market sentiment is still optimistic about the future growth of ADA.
Although Cardano (ADA) has experienced a 12.13% drop in the past month, recent trends suggest the possibility of a strong rebound. Historically, similar downward trends have led to explosive rebounds in the asset and set new all-time highs.
Currently, ADA's trend is strikingly similar to the situation during the 2021 rally. After breaking through the supply zone, the price pulled back and entered a consolidation phase, eventually achieving a sharp rise. Now, ADA has broken through this key range again and may once again head for the all-time high of $3.10. If the rebound continues, the price may even break through $16.
In addition, a lot of accumulation is quietly happening in the market. Data shows that investors have actively bought ADA and held it for the long term in the past seven weeks. The total amount reached $379 million, showing strong market interest. This could lead to tight supply, which in turn pushes up prices.
Compared with the accumulation speed in the 2020-2021 cycle, the current accumulation speed is much faster, reaching 39.6 times the previous one. If this trend continues, the price of ADA is likely to break through the all-time high and rush towards $16.
Despite the recent decline in ADA prices, the flow of funds in the derivatives market remains bullish. Investors are actively opening long contracts, which suggests that market sentiment is still optimistic about the future growth of ADA.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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