ADA Drops 3%, but Bulls Point to 410 Million Whale Buy as Breakout Signal
- ADA drops 3% to $0.67 while whales buy 410M tokens, setting up a possible price breakout
- Cardano whale accumulation fuels bullish sentiment despite weak altcoin market momentum
- Resistance at $0.77–$0.80 remains key as bulls eye reversal in post-Fed breakout window
last 24 hours. This comes as the crypto market also turns red, with Bitcoin, Ethereum, and XRP facing similar declines following a slow weekend.
Despite the dip, there are signs of possible upside. Crypto analysts point out that large investors accumulated over 410 million ADA in April; a sign some see as bullish. According to Crypto Capital Venture, ADA is in a similar position to previous cycles where it dipped before a strong breakout.
ADA’s Next Technical Hurdles
Cardano is still stuck under an important resistance level. It tried to push higher last week but couldn’t hold above resistance. This $0.67 area is now a support zone to watch; if it holds, a bounce is possible. For a real bullish turn, Cardano needs to decisively break through resistance levels at $0.77 and then $0.80.
What happens next for ADA likely hinges on the broader market, especially upcoming c…
The post ADA Drops 3%, but Bulls Point to 410 Million Whale Buy as Breakout Signal appeared first on Coin Edition.
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ADA Drops 3%, but Bulls Point to 410 Million Whale Buy as Breakout Signal
- ADA drops 3% to $0.67 while whales buy 410M tokens, setting up a possible price breakout
- Cardano whale accumulation fuels bullish sentiment despite weak altcoin market momentum
- Resistance at $0.77–$0.80 remains key as bulls eye reversal in post-Fed breakout window
last 24 hours. This comes as the crypto market also turns red, with Bitcoin, Ethereum, and XRP facing similar declines following a slow weekend.
Despite the dip, there are signs of possible upside. Crypto analysts point out that large investors accumulated over 410 million ADA in April; a sign some see as bullish. According to Crypto Capital Venture, ADA is in a similar position to previous cycles where it dipped before a strong breakout.
ADA’s Next Technical Hurdles
Cardano is still stuck under an important resistance level. It tried to push higher last week but couldn’t hold above resistance. This $0.67 area is now a support zone to watch; if it holds, a bounce is possible. For a real bullish turn, Cardano needs to decisively break through resistance levels at $0.77 and then $0.80.
What happens next for ADA likely hinges on the broader market, especially upcoming c…
The post ADA Drops 3%, but Bulls Point to 410 Million Whale Buy as Breakout Signal appeared first on Coin Edition.
Читать больше
Ripple’s $25M Gift in RLUSD Shows How Crypto Can Fund Education at Scale