The heavy accumulation of ADA Coin whales could be a sign of further upside.
Ali Charts has set a target of $6 for ADA Coin.
BTC, on the other hand, did not surprise investors by falling to $ 97,000. Although there is no continuous increase in cryptocurrencies, the BTC price is steadily advancing towards the $ 100,000 target. BTC, which rose to $ 99,419 today, then retreated to $ 97,677. Such movements show that short-term corrections are normal on the ATH journey. So, what are the latest predictions for ETH, ADA and BNB Coin?
Cardano (ADA)$ADA
Among the largest altcoins in terms of market value, one of the cryptocurrencies that provided the best gains was ADA Coin. Its price increased by more than 15% daily at $ 0.9. Analysts commented on ADA Coin, whose current status was evaluated by Ali Charts:
“ADA is up nearly 200% in the last three weeks! But that’s nothing compared to what’s coming. Whales and institutional players are positioning themselves for the big move ahead. The volume of major ADA transactions on the network has exceeded $22 billion per day.
“These large transactions are linked to high accumulation levels. Indeed, whales holding $1 million to $10 million worth of ADA coins have increased their positions by over 100% in the past month. High buying pressure is starting to move prices, and technically Cardano appears to be mirroring the previous bullish cycle at $0.934736. If this pattern continues, ADA could climb to $6.”
According to the analyst, for the bullish scenario to come true, the $0.8 level, where 48,000 addresses purchased approximately 1.20 billion ADA Coins, should be maintained. This cost zone stands out as one of the critical levels determined by the analyst.
ETH ve BNB Coin$BNB
The volatility in the BTC price could limit ETH’s rise, but the decline in the ETH/BTC pair could reverse at some point. The analyst, known by the pseudonym TraderSZ, noted that all altcoins are weakening in the BTC pair, but ETH could soon start gaining against the dollar. The analyst predicts that ETH could reach $3,500 and then quickly climb to $4,000 once the downtrend is broken.
The same analyst commented on BNB Coin:
“BNB/BTC is currently approaching support. BNB remains one of my favorite spot assets for the long term. Once BTC cools down a bit and ranges change, I think altcoin/BTC pairs will rally and altcoin/USD pairs will make big gains.”