Recently, the Cardano ecosystem has seen a notable trend. Large holders, commonly known as "whales", have increased their holdings by approximately 180 million ADA tokens within just 48 hours, surpassing the previous increase of 150 million. This move has sparked widespread attention in the market.



Currently, the price trend of ADA is at a critical technical position, hovering between resistance and support levels. Analysts believe that this consolidation may signal an upcoming significant move. Many expect to see a bullish flag pattern, which may lead to a breakthrough.

It is worth noting that market participants generally hope that this breakthrough can occur on a weekday, especially on Monday. This preference stems from a cautious attitude towards weekend price fluctuations, as trading volumes are typically lower on weekends, which can lead to unreliable price movements and leave gaps on the Chicago Mercantile Exchange (CME).

Although the large-scale accumulation by whales is often seen as a bullish signal, investors must remain vigilant and closely monitor market movements. The high volatility of the cryptocurrency market means that situations can change at any time. Regardless, this large-scale accumulation undoubtedly adds a sense of anticipation to the future trend of ADA.
ADA-1.64%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
RadioShackKnightvip
· 08-24 08:48
The妖艳coin is going to To da moon again!
View OriginalReply0
Commander,PacificFleetvip
· 08-24 07:56
Are large investors working this hard?
View OriginalReply0
CryptoNews_every_dayvip
· 08-24 06:37
buy back-get another bottom as a gift🎁?)
View OriginalReply0
AirdropF5Brovip
· 08-24 02:50
The big one is coming kk
View OriginalReply0
AirdropworkerZhangvip
· 08-24 02:47
Still increasing the position in ada, go for it!
View OriginalReply0
SignatureCollectorvip
· 08-24 02:37
Wow, are the large investors trying so hard?
View OriginalReply0
HalfPositionRunnervip
· 08-24 02:36
This whale is playing big this time.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)