On-chain data shows that after briefly dipping below $1, over 130 million ADA was bought up by large holders, proving that people firmly believe in ADA's rebound potential and that future appreciation is just around the corner. This also highlights people's strong confidence in Cardano's fundamentals and future price trends. This accumulation brought the whale holdings to an astonishing 3.2 billion ADA, a situation that often occurs before significant price increases.
The recent rebound has freed ADA from a long consolidation phase, thanks to broader market momentum and speculation that Cardano founder Charles Hoskinson may be involved in formulating cryptocurrency-friendly regulations under future Trump leadership. These developments help to enhance optimism about ADA's long-term prospects.
What does market sentiment mean?
Viewing more statistics provided by Santiment can show ADA's price trends and the number of tokens in whale accounts (100,000,000 – 1,000,000,000 tokens). Ali's chart features a pink overlay in a fill area style that depicts volume trends and insights into significant fluctuations in price trends and whale account holdings.
There seems to be a strong correlation between the increase in large holder positions and the price recovery phase of ADA. In this sense, if whales continue to hold more and more ADA, the price of ADA will become more stable and tend to rise, validating the positive impact of large holders on market prices.
CoinMarketCap further confirms a bullish price, with ADA's price reaching a high of $1.008. Cardano has responded well, with its market cap skyrocketing to $35.92 billion in one day, an increase of 7.83%.
Similarly, despite a slight decline in trading volume, it remains at 2.6 billion, with active trading and strong investor interest. This indicates that there is high enthusiasm in the market for whale purchases, and the green upward trajectory in the chart indicates steady price rises.
Technical trading perspective
Currently, ADA is showcasing its recent bullish trend and potential resistance zones in a candlestick chart format. The red area indicates this pricing zone, which could lead to the end of the bullish trend if sellers take over.
Finally, below the chart is the momentum oscillator (AO), which determines market momentum. The transition from red bars to green bars in the AO coincides with ADA's price increase.
From the data and charts, the market sentiment for Cardano appears very optimistic. The continued purchasing by whales not only keeps ADA in a bullish state but also provides strong support when prices fall. If ADA breaks through these resistance points, it may indicate that future upward momentum will be stronger.
Finally, whales strategically planned to purchase Cardano before the price drop, which helps to enhance market confidence and trigger an astonishing price recovery.
ADA has invested over $130 million into these large holders, and the market is very friendly to them, with ADA's valuation growing at double-digit rates almost throughout the price range period. The crypto community will closely monitor whether Cardano can break through resistance levels and whether whale purchases continue to maintain the current bullish trajectory.
On-chain data shows that after briefly dipping below $1, over 130 million ADA was bought up by large holders, proving that people firmly believe in ADA's rebound potential and that future appreciation is just around the corner. This also highlights people's strong confidence in Cardano's fundamentals and future price trends. This accumulation brought the whale holdings to an astonishing 3.2 billion ADA, a situation that often occurs before significant price increases.
The recent rebound has freed ADA from a long consolidation phase, thanks to broader market momentum and speculation that Cardano founder Charles Hoskinson may be involved in formulating cryptocurrency-friendly regulations under future Trump leadership. These developments help to enhance optimism about ADA's long-term prospects.
What does market sentiment mean?
Viewing more statistics provided by Santiment can show ADA's price trends and the number of tokens in whale accounts (100,000,000 – 1,000,000,000 tokens). Ali's chart features a pink overlay in a fill area style that depicts volume trends and insights into significant fluctuations in price trends and whale account holdings.
There seems to be a strong correlation between the increase in large holder positions and the price recovery phase of ADA. In this sense, if whales continue to hold more and more ADA, the price of ADA will become more stable and tend to rise, validating the positive impact of large holders on market prices.
CoinMarketCap further confirms a bullish price, with ADA's price reaching a high of $1.008. Cardano has responded well, with its market cap skyrocketing to $35.92 billion in one day, an increase of 7.83%.
Similarly, despite a slight decline in trading volume, it remains at 2.6 billion, with active trading and strong investor interest. This indicates that there is high enthusiasm in the market for whale purchases, and the green upward trajectory in the chart indicates steady price rises.
Technical trading perspective
Currently, ADA is showcasing its recent bullish trend and potential resistance zones in a candlestick chart format. The red area indicates this pricing zone, which could lead to the end of the bullish trend if sellers take over.
Finally, below the chart is the momentum oscillator (AO), which determines market momentum. The transition from red bars to green bars in the AO coincides with ADA's price increase.
From the data and charts, the market sentiment for Cardano appears very optimistic. The continued purchasing by whales not only keeps ADA in a bullish state but also provides strong support when prices fall. If ADA breaks through these resistance points, it may indicate that future upward momentum will be stronger.
Finally, whales strategically planned to purchase Cardano before the price drop, which helps to enhance market confidence and trigger an astonishing price recovery.
ADA has invested over $130 million into these large holders, and the market is very friendly to them, with ADA's valuation growing at double-digit rates almost throughout the price range period. The crypto community will closely monitor whether Cardano can break through resistance levels and whether whale purchases continue to maintain the current bullish trajectory.