Recently, ADA seems to be undergoing a storm of internal and external challenges, and amid this turbulent situation, the dynamics of the whales have reached an unprecedented level of activity, as if they are targeting the important threshold of $2, preparing to break through with full force!
Although market sentiment remains generally optimistic, the ADA coin still experienced a decline of 2.84% yesterday. However, from a longer time perspective, it achieved a rise of 4.59% this week, and last month it recorded an astonishing increase of 47.55%!
These fluctuations seem to have little impact on the whales. They not only chose not to flee but became more active, resulting in a decrease in the supply of ADA on exchanges. This phenomenon appears to build a solid bottom for the price of ADA, suggesting that it may soon start a new round of upward momentum. Especially those whales, who have crazily bought more than 80 million ADA in the past two days, spending up to $85.6 million.
However, the market is not smooth sailing. Although whales are increasing their holdings, the battle between bulls and bears is exceptionally fierce, with both sides in a balanced power struggle, causing the price of ADA to be stuck in a stalemate. This tug-of-war is filled with uncertainty, making it difficult to predict the next trend.
From a technical perspective, ADA is currently in a consolidation phase, fluctuating between $1.02 and $1.14. However, once it successfully breaks through the key resistance level of $1.14, a new round of upward momentum may begin. Some analysts predict that if the breakthrough is achieved, the price of ADA could soar to $1.63, with an astonishing increase of 43%.
Of course, the market is not without risks. If the price of ADA falls below the important support level of $1, it may trigger a downward trend, possibly even dropping to $0.78. However, fortunately, ADA still has an upward trend line as support, so the possibility of a significant drop is relatively small.
Looking to the future, people are full of expectations for ADA. There are opinions that ADA is expected to challenge high positions of $1.46, $1.76, or even $2.04. Even bolder analysts predict that in the next super cycle, the price of ADA could soar to $3 to $7, or even reach the sky-high price of $14.
Current signs in the market indicate that ADA may be about to welcome a rebound. Selling pressure has eased, whales are buying more, and short-term trading volume has decreased. In this market battle, can ADA successfully break through and welcome a new glory? Let’s wait and see!
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