Whales accumulate ADA: Investors buy US$ 136 million in five days.
Technical Resistance: ADA Needs to Break $1 to Continue Rising.
Opportunity or risk? Market awaits confirmation of sustained growth.
Large investors have been moving the Cardano (ADA) market in recent days. These whales have acquired around 170 million tokens, totaling approximately $136 million.
The purchase occurred over a period of just five days, signaling renewed confidence in the cryptocurrency. The high volume of purchases indicates a possible recovery in ADA’s value.
Technical resistance on the path to ADA
Despite the inflow of capital, ADA still faces technical challenges that could limit its appreciation. The Ichimoku Cloud points to resistances that will require a strong push to overcome.
The baseline of this indicator remains above the candles, suggesting difficulties for a breakout. To confirm a consistent rise, the cryptocurrency needs to remain above $0.85.
If the price breaks the $1 barrier, ADA could see a gain of up to 26%. This scenario depends on buying power maintaining control and sustaining an upward movement.
On the other hand, the inability to break these levels could frustrate expectations. Should a pullback occur, the market could see ADA return to lower supports before a new push.
What to expect in the coming days?
The whale movement reinforces the optimism among investors, suggesting a potential price rally. This increase in accumulation could strengthen ADA’s support in the coming days.
However, technical resistance still poses a significant challenge for the cryptocurrency. Overcoming these barriers will determine whether ADA can maintain its upward trend.
Investors should keep a close eye on the upcoming price movements. Factors such as trading volume and technical support could determine ADA’s direction in the short term.
If the market maintains positive sentiment and overcomes the hurdles, the cryptocurrency could confirm an upward trajectory. This scenario would see ADA reclaim important price levels.
