Cardano (ADA) Struggles Near $1 Amid US Reserve Concerns
Cardano (ADA) fell more than 6% on Thursday, but has still grown nearly 40% over the past seven days. After joining the U.S. crypto strategic reserve, ADA has been working hard to maintain more than $1 in recent days after soaring to $1.15 after joining the U.S. crypto strategic reserve.
Some users now question its inclusion in the reserves, raising concerns about its price. As whales accumulate slows down and $1 resistance proves difficult to break, the next move of the ADA will depend on whether bullish momentum can be restored or whether sales pressure will be reduced.
The ADA ADX displays uptrend is still strong, but not as strong as before
Cardano’s ADX is 32.5, down from 43.7 three days ago, and prices have soared since then. ADA’s joining U.S. crypto reserves.
Despite the decline in ADX, it is still above the 25 threshold, indicating that the ongoing uptrend is still powerful, despite a slight diminishing momentum.
this Average Direction Index (ADX) Trend intensity is measured from 0 to 100 to 100, with a reading above 25, indicating a strong trend and values below 20 indicate weak or absent momentum.
With the uptrend of ADA and ADX of 32.5, the trend remains intact, but may not be as strong as it was three days ago.
If ADX continues to decline, the trend may lose momentum, resulting in a potential slowdown or consolidation. However, if ADX stabilizes or rises again, ADA can maintain its upward trajectory and push towards a new level of resistance.
Cardano whales have not accumulated
quantity Cardano Whale -Addresses holding between 1 million and 10 million ADAs fell slightly after strong growth between March 1 and March 4, when it rose to 2,442 to 2,471.
The count is now 2,463, indicating that some large holders have lowered their position after the recent surge. This may be affected Crypto Community Questions the Inclusion of ADA and XRP in the U.S. Crypto Strategic Reserve.
It is important to track these whales because large holders can influence market liquidity, volatilityand price trends. Increased numbers of whales usually accumulate signals, which drives higher prices, while a decline indicates potential profits or lower confidence.
As whales are currently slightly lower than their recent surge, Ada’s recent uptrend may slow down If more large holders start selling. However, if cumulative recovery is restored, it can support a sustained price increase.
Will Cardano test $1 soon?
Cardano’s EMA line shows a bullish trend, with short-term EMA above the long-term.
However, despite the positive settings, Cardano Price Struggles After a 71% surge on March 2, interruptions exceeded $1 in recent days in the days after a much-needed correction.
If the current uptrend reverses to a downtrend, the ADA can test support at a price of $0.818, breaking through that level could result in $0.75. A stronger sell-off could push the price to $0.63 or even $0.58.
On the other hand, if Ada has recovered motivationit can test $1 again, and a breakout beyond this critical resistance could bring the price to $1.17, which is almost reached during the March 2 surge.
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.
