Whales are buying like crazy! ADA wants to break through - ETF approval becomes the key weight!!!
Recently, Cardano (ADA) has received a major positive news - the probability of approval of the US spot ETF has soared to 63%, and institutional confidence has increased significantly. Big whales have also set their sights on this opportunity, buying more than 80 million ADA in 48 hours, showing full action.
From a technical perspective, ADA is stuck at the key resistance of $0.91. After breaking through, it is expected to usher in a 75% rebound and hit $1.32. Indicators show that bullish power is gradually accumulating, but the trend is not stable enough, and there is still volatility risk in the short term.
This means that although market sentiment is gradually warming up, it is not blindly optimistic. Once the ETF is approved, it will greatly stimulate the influx of funds and push ADA out of the trough; on the contrary, if the approval is delayed or blocked, the price may not continue to rise.
In summary, ADA is currently facing both opportunities and challenges. The buying of big investors has given the market confidence, but the final attitude of supervision is the key to determining the direction of the market. Pay attention to whether $0.91 can stand firm. The next one or two weeks are particularly critical. Do a good job of risk management and don't be scared by short-term fluctuations.
