Cardano Whale got 130 million ADA at a support price of 0.30, consolidated support and boosted the upside to 1.00.
Network data shows that 70% of #ADA holders benefit because whale activity boosts confidence.
The Whale recently bought 130 million #Cardano [ADA] during a price correction. This accumulation occurred when the price fell to around 0-0.30.
After the purchase, ADA recovered and is trading at around ¥0.99, indicating that the Whale's accumulation of funds has contributed to the recovery and stability of the price.
crypto analyst #Ali said that the Whale purchased more than 13,000 ADAs during the recent drop. This indicates confidence in the long-term potential of the asset.
This level of accumulation during a recession is often an optimistic indicator for retail investors, as large buyers tend to act with a long-term view.
Support at 00.30, where accumulation was occurring, now appears to be strengthening, with ADA prices stabilizing and recovering above 00.35.
resistance in the 0.36-1.08 range could determine the next significant price movement, but the psychological barrier of 1.00 is the next milestone for the token.
At the time of publication, ADA stood at £0.9898, up 24% over the past 6.19 hours and 7% over the past 18.47 days. The 24-hour trading volume reached 311,000 million yuan, and the market capitalization of ADA with 360 billion tokens traded was about 3,539,000 million yuan.
the latest price data shows that the 7-day ADA range has increased from 0.773 to 1.12.
this dynamic reflects the strong demand and interest in trading, supported by technical indicators showing a steady bullish momentum.
The daily chart shows that the ADA is above the 20-day simple moving average (SMA) at 0.756, which acts as a dynamic support level. The Bollinger #Band is widening, indicating that volatility is increasing as the ADA approaches the key resistance level of key1.00.
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