ADA Price Jumps 6% Despite Whale Accumulation Slowdown
The price of Cardano (ADA) has risen by 6 % in the past 24 hours. When trying to recover the level of $ 1, its market value has reached $ 34 billion. Although there is such a short -term income, the trend of ADA is still uncertain, and technical indicators show different signals.
Adx indicates that the amount of momentum is weak, and the accumulation of whales remains stable, indicating that there is a lack of strong purchase pressure. Does ADA continue to recover or face another callback will depend on the key support and resistance level in the next few days.
Caldano lacks obvious trends
Cadano ADX is currently 15.3, a decrease from 22.2 three days ago The roadmap that is about to changeEssence ADX (average directional index) measures trend momentum, the value is less than 20 signals weak or does not exist, and the reading is higher than 25 representing the development trend.
When ADX rises to 40 or more, it reflects the strong momentum of these two directions, but the current decline indicates that the trend of ADA has lost its strength and is entering a more indecisive stage.
In the case of ADX 15.3, ADA is in a period of merger, and there is no obvious bullish or loser. This indicates that the price change may maintain a range restriction until the ADX starts to rise again.
If the momentum enhancement and the movement of ADX exceed 25, it may indicate the beginning of the new trend. However, as long as the ADX remains low, ADA price It is likely that there is no powerful direction to continue to trade.
Ada whale stops accumulation
quantity Aida Whale address-wallet holding 1 million to 10 million ADA-is currently 2,473, which has remained within the range of 2,465 to 2,476 in the past 15 days.
It is important to track these whales because large holders can significantly affect market liquidity and price actions. The increase in the whale address usually means accumulation, and the decline may indicate the distribution or sales pressure.
stability Cadano The whale address shows that large holders are neither accumulated actively nor uninstalled its position. This is the increase of 2,453 times between January 9th and January 14th to 2,483 times, which shows that the whale had previously increased its shareholding before upgrading.
The current consistency may mean a method of observation. The whale is positioning itself for the next major move, rather than actively transferring its exposure. If this number starts to rise again, it may indicate that the price potential of ADA has enhanced confidence.
ADA price prediction: Will it increase by 20 %?
ADA price At present, hovering near its support is $ 0.95, which is a key level that can determine its next move. If this support is tested and cannot be held, the sales pressure may increase, pushing ADA to $ 0.87.
Breakthroughs below this level will indicate a continuous decline and enhance the decline.
However, its EMA cable indicates that the golden cross will soon form, which shows that the momentum of looking bullish will be enhanced. If this kind of cross occurs, ADA price It can test the $ 0.99 resistance, which may push it to $ 1.03, and the potential rising space is 20 %.
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