Attention! Something big is coming!
$ADA big moves!
Whales are sweeping up 20 million pieces!
In just two days, another major event has occurred with ADA; those whales actually bought 20 million ADA in one go, stirring up the once calm market.
The price has directly dropped below 1 dollar; is this the calm before the storm?
What are these whales really planning?
Are they preparing for a price surge later, or do they hold some insider information we don't know?
In any case, their actions have sparked widespread speculation.
Now let's talk about Cardano's Plomin hard fork; this is also big news!
I've heard this upgrade is set to be completed in January 2025, at which point Cardano will achieve true on-chain governance.
Moreover, there’s a protocol called CIP-1694 that is set to unlock, which is said to change the game of decentralized decision-making.
Currently, the price of ADA has fallen to 0.87 dollars; although it has risen a bit in the past 24 hours, the market is still in panic.
If ADA can break through the resistance levels of 0.91 dollars and 0.949 dollars, the bears will need to take caution, as the price could potentially soar above 1.20 dollars.
However, if the price drops below 0.76 dollars, it may plummet down to 0.50 dollars, wiping out the previous gains.
Market sentiment is currently very tense, and everyone is guessing whether ADA's resistance can hold, or if volatility will take center stage in the coming weeks?
This matter not only concerns ADA's price, but also the future of decentralized governance in cryptocurrency.
So, how will the market move next? The approval time for the Plomin hard fork is in January 2025.
Whale movements can trigger a chain reaction, either leading to a significant surge or causing headaches for retail investors.
In the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, expecting a potential upside of over 10 times is not a problem; like + comment, and I will take you to layout the entire bull market together!
$SUI $ADA
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