Cardano (ADA) has been in the spotlight in recent weeks, rising by an impressive 21% on its weekly chart to $1.08. This rise is indicative of a strong uptrend supported by heavy buying by whales and increasing interest from retail investors. As Cardano becomes a major player in the cryptocurrency market, investors and analysts are trying to learn more about ADA’s future.
One of the important factors behind this rise in ADA is the recent buying movements of large investors, namely whales. According to popular analyst Ali Martinez, the main reason for the increase in the value of ADA is that whales have purchased more than 40 million ADA tokens in the last 48 hours. Such large purchases support the uptrend by increasing market confidence. The intense interest of whales in the market not only shows confidence in the value of ADA, but also attracts more investors by increasing liquidity in the market.
In addition, the interest of individual investors also contributes to the rise of ADA. In particular, the increase in the RSI (Relative Strength Index) value shows that buying pressure is increasing. ADA's RSI increased from 39 to 62, confirming that there is strong buying pressure. This value indicates that buyers are dominating the market and that the potential for prices to rise further continues.
Another important indicator of demand for Cardano is the dominance of long positions. According to the long/short position ratio, 54% of investors preferred to take long positions in ADA. This rate shows that most investors believe that prices will rise further and that the expectation of an increase is strong. This confidence increases the potential for ADA’s future price increase.
Cardano’s MVRV (Market Value-to-Realized Value) ratio is currently at 1.1. This ratio indicates that the selling pressure in the market is low and most investors are not choosing to take profits. The MVRV ratio at these levels indicates that ADA still has the potential to rise and could gain more value without reaching overbought levels.
The increasing interest of whales and individual investors shows that ADA’s uptrend is based on strong fundamentals. While indicators such as RSI and MVRV reinforce the positive atmosphere in the market, the dominance of long positions increases investor confidence. If this rise continues, Cardano can be expected to reach higher levels in the coming period. Investors can evaluate these opportunities by carefully monitoring market dynamics.
