🚀 Cardano ($ADA ) – Whales accumulate, strong holders, 1 USD in sight? 🐋
ADA is showing quite positive signals as net cash flow withdraws from the exchange, indicating a decrease in selling pressure and a stronger accumulation trend. The breaking of the descending wedge pattern further reinforces the expectation that ADA may soon 'touch' the 1 USD mark.
According to Coinalyze data, OI has increased by over 90 million USD since 5/9, while the price of ADA has risen nearly 10%. Meanwhile, whales continue to accumulate as 29.6% of the supply is held by the top 100 wallets, and 54% of the tokens are tightly held by long-term holders.
However, remember: when whales are actively buying, there may also come a day when… whales leisurely sell off 🐳💦. Don’t let your dream of 1 USD wake up to 0.8 USD!
👉 Overview: ADA has a bright outlook, but we still need to watch the fluctuations of BTC and market cash flow.
⚠️ This article is just for fun – not investment advice, or else you might regret why ADA hasn’t reached 1 USD! 😅