Is the market selling pressure nearing exhaustion? $ADA The whale address quietly accumulates 3 million pieces, is it a bottom signal or a trap to lure investors?
Attention! The market does not believe in tears, it only requires action!
The shrinking volume and downward trend feel like a dull knife cutting flesh—painful but not fatal, instead brewing a turning point. ADA today outlines a clear downward channel on the hourly chart: the price drops from 0.9384 to 0.7800.
1. Latest technical analysis aspects: Three indicators hide mysteries!
1. MACD bottom divergence prototype: The yellow and white lines are still below zero, but the MACD histogram turns positive, indicating a weakening of the downward momentum. We must be cautious if the price makes a new low while the MACD does not, as this will form a bottom divergence.
2. Trading volume is only 7.64 million, shrinking more than 71% compared to the 5-day average (26.56 million), causing the market to fall into a dual stagnation pattern.
3. The pressure from moving averages is evident: MA5 and MA10 are in a bearish arrangement, becoming a high-pressure line for rebounds; only a breakout with volume can relieve the pressure from trapped positions.
2. Latest dynamics on-chain and news! Three major uncertainties!
1. The amount transferred to exchanges by whales has decreased by 15% in 24 hours, but retail investors continue to reduce their holdings.
2. Large funds remain steady, retail confidence is weak—this is the root cause of volume contraction.
3. After the Vasil upgrade benefits are realized, the ecological focus shifts to the progress of the test network 120+DApp's mainnet advancement. In the evening, we need to be cautious of the risk assets' emotional cooling due to fluctuations in the US stock market.
Remember! Don't just look at the news for entry and exit; this is a very bad habit!
I am Tang Seng, top-tier technical support, only serving those with vision and ambition!
