$ADA Recently, there has been a bit of internal and external troubles. In this turmoil, the activities of the giant whales have reached a record high, as if they are aiming at the $2 mark and are ready to rush up!
Although the overall market sentiment is good, ADA still fell 2.84% yesterday. However, it has risen 4.59% this week, and it has soared 47.55% last month!
These ups and downs do not seem to affect the giant whales at all. Not only did they not run away, but they became more active, and the supply of ADA in the exchange has decreased. This is like a bottom for the price of ADA, indicating that it may start a new rise. Especially those whales, who have bought more than 80 million ADA in the past two days and spent 85.6 million U.
But the market is not smooth sailing. Although the giant whales are buying, the bulls and bears are like tug-of-war, and the power is very balanced, so the price of ADA is stuck in the middle. It's like a tug-of-war, and no one knows which side it will fall to in the next second.
Technically, ADA is now consolidating, with prices fluctuating between $1.02 and $1.14. But if it can break through the $1.14 barrier, it may be the beginning of a new round of increases. Some predict that if it really breaks through, the price can soar to $1.63, an increase of 43%.
However, the market is not without risks. If the price falls below $1, it will be troublesome. It may fall all the way to $0.78. Fortunately, ADA is still supported by the rising trend line, so it is unlikely to fall too badly.
Speaking of the future, everyone is full of expectations for ADA. ADA may reach $1.46, $1.76, or even $2.04. More bold analysts predict that ADA will rise to $3 to $7 in the next super cycle, and even $14 is possible.
Now the signals in the market are all positive. The selling pressure is small, the whales are also increasing their holdings, and the short-term trading volume is still small, which indicates that ADA may usher in a rebound. In this market war, whether ADA can successfully break through, let's wait and see.
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