$ETH
### **📈 Cardano (ADA) Analysis: Whales are Buying.. Will the Uptrend Continue?**
#### **📍 Current Situation:**
- **Price:** **$0.7202** (-1.13%), but it has risen **15% weekly**.
- **Price Range:** **$0.668 - $0.709** (trying to break resistance).
- **Technical Indicators:**
- **Exponential Moving Averages (EMA)** indicate **upward momentum**.
- **Low trading volume** → ADA may need new liquidity injection.
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### **🐋 Positive Signs from Whales:**
✔ **Increase in whale accumulation** (large investors are buying).
✔ **Strong support at $0.668** (if it holds, it may rise to **$0.77**).
✔ **Breaking $0.709** will open the door for a new upward wave.
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### **⚠️ Potential Risks:**
❌ **If $0.668 breaks** → it may drop to **$0.634 or $0.59**.
❌ **Weak trading volume** → may indicate a **false breakout**.
❌ **Competition from SOL and ETH** may divert attention from ADA.
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### **🎯 Possible Scenarios:**
#### **1️⃣ Bullish Scenario (If it breaks $0.709):**
- **Target 1:** **$0.77** (+10% from current price).
- **Target 2:** **$0.85** (if momentum continues).
#### **2️⃣ Bearish Scenario (If $0.668 breaks):**
- **Support 1:** **$0.634**.
- **Support 2:** **$0.59** (good buying area).
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### **💡 Tips for Traders:**
✅ **Buyers:** Wait for confirmation of breaking **$0.709** with **high trading volume**.
✅ **Sellers:** Watch **$0.668**, if it breaks it could be a buying opportunity at **$0.59**.
✅ **Long-term:** ADA is still in a **general uptrend**, but it needs momentum.
