According to data from Santiment, the activity of whales holding $ADA worth $100,000 or more in the #Cardano network has been steadily increasing since August 24, while the price has been falling over the same period.
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IntoTheBlock data also shows that the net flow of large investors was positive between August 25-28, meaning that large investors can expect a price increase in the future by buying the dip in the price of #ADA .
Despite the decline in Cardano price, active addresses have almost reached monthly peaks, indicating that activity on the chain is increasing. According to Santiment, active addresses on the Cardano network increased by 49% in the last 24 hours to 36,184, indicating increasing interest or adoption. On the other hand, ADA trading volume decreased in the same period.
Cardano price continues to rise, with key support levels around $0.32 still intact. Whale activity has increased, indicating that major investors are confident that the ADA price will rise. Cardano price could drop by 10% to test this support level before falling back to $0.39.
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