ADA Price Jumps 14% in a Week, But Whales Remain Cautious
Cardano (ADA) price shows signs of recovery, growing by more than 4% in the past 24 hours and over a week or more than 15% as it attempts to rebound from its 24% loss over the past 30 days. Currently, its market capitalization is $29 billion, while the last day of trading volume surged more than 100% to $895 million.
Despite this rebound, whale activity remains stable, indicating that large holders have not accumulated yet. If the ADA keeps its momentum and forms a golden cross, it may push towards $1.16, but if not held, it could trigger another regression.
ADA ADX display trends may be changing
Cardano ADX It rose from 16.2 to 21.7 in just one day, indicating an enhanced trend.
this ADX (Average Directional Index) The measurement of the trend intensity from 0 to 100 to 100, with a value below 20, indicating a weak trend, and a trend above 25 indicates a strong intensity. As ADA’s ADX has now surpassed 20, it shows a growing momentum, although the trend has not yet been fully confirmed.
This increase in ADX indicates that ADA is trying to move from a downward trend to an upward trend. Although the trend reversal has not been confirmed yet, the continued growth above ADX over the age of 25 will indicate a stronger bullish momentum.
if Increased buying pressureAda Price can establish an uptrend, but if momentum dips, it may be difficult to maintain its recovery.
Cardano Whale has not convinced yet
quantity Cardano Whale – Addresses holding 1 million to 10 million ADAs – currently 2,466, remained relatively stable in recent weeks.
It is important to track these large holders because whales can influence price movements through major trading actions. Increased whale activity is usually a signal accumulation or distribution phase, which affects market sentiment and liquidity.
The stability of ADA whale populations suggests that large holders are neither actively buying nor selling. This may mean ADA is in the merger stageprice transfer remains stable until new catalysts appear.
If the whale begins to accumulate, it may indicate confidence in the potential uptrend, and a decline in whale holdings may indicate increased sales pressure.
ADA Price Forecast: Will ADA recover levels above $1 in February?
The EMA line of ADA shows an upward trend in the short-term moving average trend, which indicates a potential bullish momentum. If it is formed by gold cross, Cardano Price It can continue to rise to test resistance of $0.90.
A breakout above this level may increase it to $0.98 if momentum is increased, ADA price It was $1.16 for the first time since mid-January, with the first time being above $1.
On the downside, if the upward trend cannot gain strength, ADA price Can be resupported at $0.65.
Losing this level could result in a deeper drop to $0.50, marking a potential 37% correction.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
