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Cardano (ADA) has witnessed a notable increase in large transactions, with a staggering 25 billion ADA transferred within a 24-hour period. This surge in on-chain activity suggests significant movements by whales or institutional players, possibly in anticipation of market developments. ADA's price chart reflects this tension, with the cryptocurrency showing signs of recovery but still below the critical 50-day EMA level, currently around $0.5. If ADA manages to surpass this level, it could face resistance at $0.55, aligning with increased on-chain activity. Conversely, failure to break through the 50 EMA could lead to a retest of support near $0.49. The future trajectory of ADA depends on on-chain activity and buying momentum, with market conditions suggesting a potential pause before further upward movement, though decreased liquidity and volatility as the weekend approaches could lead to a significant price drop.

Cardano (ADA) has witnessed a notable increase in large transactions, with a staggering 25 billion ADA transferred within a 24-hour period. This surge in on-chain activity suggests significant movements by whales or institutional players, possibly in anticipation of market developments. ADA's price chart reflects this tension, with the cryptocurrency showing signs of recovery but still below the critical 50-day EMA level, currently around $0.5. If ADA manages to surpass this level, it could face resistance at $0.55, aligning with increased on-chain activity. Conversely, failure to break through the 50 EMA could lead to a retest of support near $0.49. The future trajectory of ADA depends on on-chain activity and buying momentum, with market conditions suggesting a potential pause before further upward movement, though decreased liquidity and volatility as the weekend approaches could lead to a significant price drop.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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