🚀 Cardano (ADA) Gains Strength: Whales Spend US$166 Million – Target at US$1 on the Radar!
📈 Quick Summary
• +7% in 24h
• 200M ADA bought by whales (US$166M) 🐋
• US$11M in net inflows in the spot market
⚖️ In the Derivatives Market
• Long/Short Ratio < 1 ➡️ more selling than buying
• Volume decreased by 21.49% (US$2.14 billion) 📉
• Funding Rate still positive (0.0108%)
🎯 Path to US$1
1️⃣ US$0.83 → key resistance ⚠️
2️⃣ US$0.88 → intermediate barrier
3️⃣ US$0.93 → last stage before the target
💡 Possible Scenarios
• Break of US$0.83 → may accelerate towards US$1 📊
• Rejection → correction in the short term ⚠️
📌 Conclusion
Whales continue to accumulate heavily, but derivatives indicate caution. Testing the resistance at US$0.83 will be the turning point!
#ADA #Cardano #Crypto #Trading #BinanceSquare
