Whales spend 410 million ADA, is Cardano poised for takeoff? 💥🚀

Despite the ADA price dropping 3% to $0.67, whales made a significant purchase of over 410 million tokens in April, boosting market bullish sentiment 🔥. Although altcoins are generally sluggish, analysts believe this could be a 'false dip' before a surge.

Currently, $0.67 is a key support level; if maintained, a rebound is likely 📈; however, to truly reverse, it needs to break through the stubborn resistance area of $0.77 to $0.80 ⚠️.

Meanwhile, the overall crypto market is declining, with Bitcoin, Ethereum, and XRP also experiencing corrections. However, Crypto Capital Venture points out that this is similar to ADA's historical cycles—'there's always a dip before a surge.'

Technical factors + whale movements + Federal Reserve actions, these three factors will determine the next direction! 🧐

Do you still have faith in ADA? 💭