$ADA Whales Dump 120 Million! Samsung's Good News Turns Out to be a 'Death Trap'? Is 0.77 the Last Escape Line?
The good news from the manipulators comes with bloody chips — after the official announcement of cooperation with Samsung, the TVL on the ADA chain plummeted by 7%, and whales dumped 120 million! This rebound to 0.77 is just a bubble; the MACD death cross has been locked in!
1. Technical Aspects: Three Blades on the Market!
1. Moving Averages Stranglehold: 0.77 is the life and death line, current price 0.72 is being suppressed by the three major moving averages, the 5-day line is under short-term pressure, and after breaking the monthly line, it is heading straight for support.
2. MACD Death Countdown: Green bars are expanding, and DIF is about to cross below DEA — in the past month, there have been 3 similar structures, all plummeting by over 10%.
3. True Reversal Requires: Golden Cross + Red Bars > 0.02, current volume is only 51.21 million (5-day average volume 65.21 million).
2. Latest On-Chain News!
1. The top 10 addresses reduced their holdings by 120 million ADA (accounting for 3.4% of the circulation).
2. The staking pool saw a net outflow of 180 million ADA in a single day, APY plummeted to 2.7%, Binance deposited 12 million ADA.
3. Borrowing Good News to Pump: After the Samsung cooperation, TVL fell back by 7%, and 0.77 buried a massive sell order.
4. Market Manipulation: Harvesting retail investors chasing the rise, MACD false golden cross: luring technical traders to take over and then smashing the market.
I am Tang Seng, top technical support, only serving those with vision and ambition!
