ADA on the Verge 🚀 — Whales Are Loading Up as Data Turns Bu
戚薇孤单47567
Updated at: 9 hours ago
{"content":"ADA on the Verge 🚀 — Whales Are Loading Up as Data Turns Bullish
Cardano risks rejection at $0.70, but a closing above might revive the surge.
Santiment data indicates whale wallets aggressively acquiring ADA, indicating trust.
Momentum indicators show receding negative pressure, supporting a breakthrough.
Cardano (ADA) is trading at $0.66 on Tuesday after being rejected from a critical milestone the day before. Whale buildup is growing on-chain, boosting breakthrough hopes. Momentum indicators show a weakening negative trend, supporting a rebound.
Whale Cardano wallets purchase dips
Santiment's Supply Distribution data shows whales purchasing ADA during price falls, boosting Cardano's outlook.
From October 15 to Tuesday, whales holding 1 million to 10 million ADA tokens (yellow line) and 10 million to 100 million (blue line) have amassed 100 million tokens. The same time, wallets holding 100,000–1 million ADA tokens (red line) lost 30 million tokens.
CryptoQuant's summary data shows massive whale orders and purchase dominance in the spot and futures markets, suggesting a rise.
Cardano encountered rejection from the 61.8% Fibonacci retracement at $0.69 on Monday. This level is a major resistance zone since it matches daily resistance at $0.70. As of Tuesday, ADA is approximately $0.66.
The surge might continue to $0.84 if ADA breaks and closes above $0.70 daily.
ADA might fall below the 50% retracement level at $0.61 if it corrects.
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