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koinmilyoner
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Bullish
What does Cardano whales buying 10 million ADA tokens in 24 hours mean?
Large wallet investors' Cardano stockpiling suggests ADA rises on Tuesday.
In the previous 24 hours, whales with 1 million to 10 million Cardano coins added 10 million ADA.
After falling almost 2% on Tuesday, ADA has gained over 24% in the last week.
Cardano (ADA) falls 2% on Tuesday as traders take profits. Large altcoin wallet investors are rapidly collecting the token. It's usually a good sign for Cardano and might help it rebound.
If Cardano's price keeps rising, experts expect a positive breakthrough.
These triggers may drive Cardano's surge.
Santiment on-chain data suggests whales with 1 million to 10 million ADA coins have 10 million Cardano in their wallet addresses. Between Monday and Tuesday, whales bought ADA tokens.
Network realized profit/loss (NPL) is a significant on-chain indicator that tracks all tokens' net profit/loss each day. Tuesday saw a huge jump in NPL but no increase in whale trades above $100,000. While ADA holders benefit, whales may be accumulating and regular traders profit.
Whale wallet holdings have increased despite profit-taking, implying regular traders or tiny ADA investors made profits.
Cardano prepares for a bullish breakthrough
In an exclusive FXStreet interview, Bitget Research Chief Analyst Ryan Lee said:
“Market consolidation after recent gains, broader market sentiment, and Cardano's measured ecosystem growth have stalled its price rally around $1.10. This pause might lead to a positive breakthrough if the price breaks $1.40 or a negative shift if it fails to sustain support.
Lee cited DeFi ecosystem growth, network upgrades, and prominent collaborations as affecting the altcoin's direction.
Bitcoin and regulatory changes might affect ADA's price. In the medium term, a breakthrough indicates ongoing rising momentum, whereas a drop may indicate retracement, he added.
#ADA #BTC100KTrumpEffect #BullCyclePrediction #MicroStrategyAcquiresBTC #TrumpBTCBoomOrBust $ADA $BTC $ETH
Large wallet investors' Cardano stockpiling suggests ADA rises on Tuesday.
In the previous 24 hours, whales with 1 million to 10 million Cardano coins added 10 million ADA.
After falling almost 2% on Tuesday, ADA has gained over 24% in the last week.
Cardano (ADA) falls 2% on Tuesday as traders take profits. Large altcoin wallet investors are rapidly collecting the token. It's usually a good sign for Cardano and might help it rebound.
If Cardano's price keeps rising, experts expect a positive breakthrough.
These triggers may drive Cardano's surge.
Santiment on-chain data suggests whales with 1 million to 10 million ADA coins have 10 million Cardano in their wallet addresses. Between Monday and Tuesday, whales bought ADA tokens.
Network realized profit/loss (NPL) is a significant on-chain indicator that tracks all tokens' net profit/loss each day. Tuesday saw a huge jump in NPL but no increase in whale trades above $100,000. While ADA holders benefit, whales may be accumulating and regular traders profit.
Whale wallet holdings have increased despite profit-taking, implying regular traders or tiny ADA investors made profits.
Cardano prepares for a bullish breakthrough
In an exclusive FXStreet interview, Bitget Research Chief Analyst Ryan Lee said:
“Market consolidation after recent gains, broader market sentiment, and Cardano's measured ecosystem growth have stalled its price rally around $1.10. This pause might lead to a positive breakthrough if the price breaks $1.40 or a negative shift if it fails to sustain support.
Lee cited DeFi ecosystem growth, network upgrades, and prominent collaborations as affecting the altcoin's direction.
Bitcoin and regulatory changes might affect ADA's price. In the medium term, a breakthrough indicates ongoing rising momentum, whereas a drop may indicate retracement, he added.
#ADA #BTC100KTrumpEffect #BullCyclePrediction #MicroStrategyAcquiresBTC #TrumpBTCBoomOrBust $ADA $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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