CryptoMan123
vip

#TrumpSignsBitcoinReserve#


Whales are on the move! ADA Supply is Shrinking
According to Santiment data, large investors holding between 10 million and 100 million ADA bought 220 million Cardano in the past week. This amount exceeds 192 million dollars at current prices.
The accumulation of such a large amount of ADA by whales is reducing the current supply in the market. This situation is supporting the upward movement of the price. Additionally, this trend is creating FOMO fear of missing out among individual investors and encouraging additional purchases.
Long-Term Holding Queen
On-chain data shows that the average holding period of ADA holders has increased by 78% in the last seven days. Investors are now focusing on long-term expectations rather than short-term gains.
Holding assets for the long term reduces selling pressure and helps the market stabilize. The fact that investors continue to hold ADA in their wallets indicates a strong expectation of an increase.

Is ADA going to $1?
Technical analysis indicators confirm an increase in ADA demand. The on-balance volume (OBV) indicator reached 52.56 billion level and rose by 2% since March 1st.
If this trend continues, Cardano price could rise to $1.32 by breaking the resistance at $0.94. However, if demand decreases, there is also a risk of the price falling to $0.72.

What Will Be the Next Move for ADA?
The rise of Cardano excites investors, while the overall trend in the market will be decisive. If whales continue their purchases and the long-term holding rate continues to rise, the ADA price could enter a stronger rally. However, if a sudden selling wave occurs in the market, current support levels may be tested. Therefore, investors should closely monitor both technical indicators and market sentiment.() #White House Crypto Summit#
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Share
Comment
0/400
AdriGurgenidzevip
· 03-07 17:42
Ape In 🚀
Reply0
Usmanali140793vip
· 03-07 17:24
good to see you again here
Reply0
AngelCryptovip
· 03-07 17:20
HODL Tight 💪
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)