Whales dive in, is ADA's counterattack imminent? 410 million bought, releasing significant signals!
In the market downturn of April, Cardano (ADA) has welcomed a frenzy of buying from super "whales" — over 410 million ADA has quietly changed hands, seemingly indicating that the calm before the storm is about to be broken. Despite the price recently dropping to 0.67 dollars, down 3% from last week, this key support level remains rock solid. It is important to note that once the stubborn resistance zone between 0.77 and 0.80 dollars is broken, ADA may take off.
Data from Crypto.com shows that institutions and large whales are still continuously accumulating, while mainstream coins like Bitcoin, Ethereum, and XRP have all adjusted over the weekend. The direction of this capital's undercurrent is something all investors should be wary of.
On the external environment front, the Federal Reserve's interest rate stance is affecting market nerves. If dovish signals emerge in the future, it will undoubtedly boost the altcoin market, bringing a long-awaited spring breeze. Currently, the CMC altcoin quarterly index is only at 26, but compared to last month's 16, it shows signs of warming up.
In summary, with liquidity rising, the Federal Reserve adopting a dovish stance, and whales increasing their positions, ADA may be gearing up — are you still on the sidelines?