Cardano Down 22%, But Long-Term Holders Stay Strong!
๐ Cardano (ADA) has dropped 22% in the past week, reflecting the broader market decline. Yet, long-term investors remain unfazed.
๐ On-Chain Data Shows Strong Holding Sentiment
๐น Long-term ADA holders are holding firm, with no major sell-offs.
๐น Mean Coin Age has increased by 1% since March 3 (Santiment data), signaling that investors believe in ADAโs long-term value.
๐ What This Means:
โก๏ธ Higher Mean Coin Age = More confidence in ADAโs future.
โก๏ธ Less ADA circulating = Potential supply squeeze & price recovery.
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๐ Whales Are Buying More ADA!
๐น Big investors (100Kโ1M ADA wallets) purchased 20M ADA last week.
๐น This signals high confidence among key holders.
๐ When whales accumulate, it reduces supply & increases price pressure.
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๐ ADA Price Target: $0.94 & Beyond?
๐ Balance of Power (BoP) indicator = 0.30 โ Buyers dominate.
๐ If momentum continues:
โ๏ธ $0.94 Resistance Break = Bullish Run to $1.16 Possible!
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๐ข Will ADA rebound? Are you buying the dip? Drop your thoughts! ๐