Surprised! Is ADA going to replicate the explosive market of 2021? Starting at 27%, the big players are secretly accumulating...🔥
Cardano (ADA) has been acting a bit strange lately. Although it fell by 12.13% in April, the technical indicators are revealing strong signs of a 'revolt'! The current price is stuck at $0.64, exactly where the big bull market started in 2021, almost like a copy-paste.
Even more outrageous is that—over the past seven weeks, more than 5 million ADA have been transferred from exchanges to private wallets, with a total value of up to $379 million! This indicates that large funds are quietly accumulating, and it's clear who is still cutting losses and who is already positioning themselves.
The technical chart is also not to be overlooked. The triangular consolidation pattern just broke upwards, suggesting that there could be a direct increase of 27% in the short term. Moreover, just 7 days after the breakout, ADA has already risen by 4%, responding as quickly as if it were on steroids.
Even more explosive is the derivatives market—long positions are continuously increasing, and the funding rate has turned positive, indicating that overall market sentiment has fully shifted towards the long side.
Everything is saying: ADA is about to take off again 🚀!