CARDANO WHALES START BUYING AGAIN AS ADA PRICE HOLDS A TIGHT RANGE!
Cardano whales have started buying again, with the number of whale addresses holding between 1 million and 10 million ADA increasing to 2,408 from 2,405 on April 22. This uptick suggests renewed interest among large holders in accumulating ADA, potentially signaling a rebound or strength in price.
Current Market Status:
ADA Price: $0.72, with a 4.68% increase
Market Cap: $23.95 billion
Resistance Level: $0.709
Support Level: $0.668
Key Factors:
Whale Accumulation: Increased whale activity indicates confidence and potential upward price movement.
Trend Strength: Cardano's Average Directional Index (ADX) at 30.17 reflects a healthy uptrend, although the slight dip may suggest stabilizing momentum.
Potential Price Movement: A break above $0.709 resistance could trigger renewed bullish momentum, targeting $0.77. Conversely, failure to hold $0.668 support might push ADA down to $0.634 or $0.59 .
Expert Insights:
Some analysts predict a potential 165% rally to $3.10, citing whale accumulation and bullish market trends. However, this would depend on the continuation of the crypto bull run .
Cardano whales have started buying again, with the number of whale addresses holding between 1 million and 10 million ADA increasing to 2,408 from 2,405 on April 22. This uptick suggests renewed interest among large holders in accumulating ADA, potentially signaling a rebound or strength in price.
Current Market Status:
-ADA Price: $0.72, with a 4.68% increase
Market Cap: $23.95 billion
Resistance Level: $0.709
Support Level: $0.668
Key Factors:
Whale Accumulation: Increased whale activity indicates confidence and potential upward price movement.
Trend Strength: Cardano's Average Directional Index (ADX) at 30.17 reflects a healthy uptrend, although the slight dip may suggest stabilizing momentum.
Potential Price Movement: A break above $0.709 resistance could trigger renewed bullish momentum, targeting $0.77. $ADA #ADA #BinanceHODLerSIGN CryptoMarketCapBackTo$3T#BTCvsMarkets
