On-chain data shows that after briefly falling below $1, over 130 million ADA was snapped up by large holders, proving that people firmly believe in ADA's rebound potential and that future appreciation is just around the corner. It also highlights the strong confidence in Cardano's fundamentals and future price trends. This accumulation has brought 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 prolonged consolidation phase, thanks to broader market momentum and speculation that Cardano founder Charles Hoskinson may participate in developing 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 display ADA's price trends and the number of tokens held in whale accounts (100,000,000 – 1,000,000,000 tokens). Ali's chart features a pink overlay in an area fill 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 phase of ADA's price rebound. In this sense, if whales continue to hold 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 the bullish price, with ADA reaching a high of $1.008. Cardano's response has been positive, with market capitalization soaring to $35.92 billion in one day, an increase of 7.83%.
Similarly, despite a slight drop in trading volume, it remains at 2.6 billion, with active trading and strong investor interest. This indicates that the market has a high buying enthusiasm for whale purchases, and the green upward trajectory in the chart indicates a steady price increase.
Technical trading perspective
Currently, ADA showcases its recent bullish trend and potential resistance zones in a candlestick chart format. The red area indicates this pricing zone, which, if taken over by sellers, could lead to the end of the uptrend.
Finally, at the bottom of the chart is the momentum oscillation indicator (AO), which determines market momentum. The transition from red bars to green bars in the AO coincides with the price increase of ADA.
From the data and charts, Cardano's market sentiment appears very optimistic. The continued buying by whales not only keeps ADA in a bullish state but also provides strong support during price declines. If ADA breaks through these resistance points, it may indicate a stronger upward momentum in the future.
Finally, whales planned to strategically purchase Cardano before the price drop, which helps to enhance market confidence and trigger an astonishing price recovery.
ADA has invested over $130 million in these large holders, and the market has been very friendly to them, with ADA's valuation growing at a double-digit rate almost throughout the price range. 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 falling below $1, over 130 million ADA was snapped up by large holders, proving that people firmly believe in ADA's rebound potential and that future appreciation is just around the corner. It also highlights the strong confidence in Cardano's fundamentals and future price trends. This accumulation has brought 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 prolonged consolidation phase, thanks to broader market momentum and speculation that Cardano founder Charles Hoskinson may participate in developing 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 display ADA's price trends and the number of tokens held in whale accounts (100,000,000 – 1,000,000,000 tokens). Ali's chart features a pink overlay in an area fill 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 phase of ADA's price rebound. In this sense, if whales continue to hold 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 the bullish price, with ADA reaching a high of $1.008. Cardano's response has been positive, with market capitalization soaring to $35.92 billion in one day, an increase of 7.83%.
Similarly, despite a slight drop in trading volume, it remains at 2.6 billion, with active trading and strong investor interest. This indicates that the market has a high buying enthusiasm for whale purchases, and the green upward trajectory in the chart indicates a steady price increase.
Technical trading perspective
Currently, ADA showcases its recent bullish trend and potential resistance zones in a candlestick chart format. The red area indicates this pricing zone, which, if taken over by sellers, could lead to the end of the uptrend.
Finally, at the bottom of the chart is the momentum oscillation indicator (AO), which determines market momentum. The transition from red bars to green bars in the AO coincides with the price increase of ADA.
From the data and charts, Cardano's market sentiment appears very optimistic. The continued buying by whales not only keeps ADA in a bullish state but also provides strong support during price declines. If ADA breaks through these resistance points, it may indicate a stronger upward momentum in the future.
Finally, whales planned to strategically purchase Cardano before the price drop, which helps to enhance market confidence and trigger an astonishing price recovery.
ADA has invested over $130 million in these large holders, and the market has been very friendly to them, with ADA's valuation growing at a double-digit rate almost throughout the price range. The crypto community will closely monitor whether Cardano can break through resistance levels and whether whale purchases continue to maintain the current bullish trajectory.