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Cardano Price Soars 76% — Whales Return, But Overbought Risk Looms Beincrypto 10 ноя 2024

Cardano Price Soars 76% — Whales Return, But Overbought Risk Looms 🐋

Cardano (ADA) has had a significant boost, seeing a 76% increase this week, largely due to the re-engagement of large investors, or "whales." This marks a shift from its recent bearish phase and signifies optimism in the altcoin's potential.

Whale transactions reached $11.5 billion over five days, indicating strong investor confidence. This level of activity hasn't been seen since May, suggesting growing trust in ADA's future value and stability as whales return to the market.

While whale activity supports Cardano's upward trajectory, technical indicators like the Relative Strength Index (RSI) show overbought conditions, which historically precede short-term price corrections. This means ADA might face a temporary dip due to profit-taking behaviors.

Market participants should watch for these corrections as they could influence the overall market perception of Cardano. If ADA sustains its momentum, it might overcome resistance at $0.59. However, a correction could adjust the price to a support level of $0.54.

Failing to uphold $0.54 as support could lead to further declines to $0.46, highlighting the importance of continued investor interest and economic support for maintaining its current pace.

Булак: beincrypto.com ↗

Окшош макалалар (51)

Cardano's ADA Leaps to 2.5-Year High of 90 Cents as Whale Holdings Exceed $12B Coindesk 22 ноя 2024
Cardano's ADA Leaps to 2.5-Year High of 90 Cents as Whale Holdings Exceed $12B
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Cardano’s Rally to $1.15 Gains Momentum as Long-Term Holders and Whales Align
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Cardano (ADA) Whales Go into an Accumulation Spree, But It's a cheaper $0.10 ADA Rival They're Buying, Expected to Reach $2 Faster
Cardano Strong as Whale Investors Take Profits, Target $3.10, Then $8, while $0.10 ADA Alternative set to Hit $18 way Faster Crypto Daily 28 ноя 2024
Cardano Strong as Whale Investors Take Profits, Target $3.10, Then $8, while $0.10 ADA Alternative set to Hit $18 way Faster
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Crypto Whales $55 Million Accumulation Puts Cardano (ADA) $1 Target Back on Track Beincrypto 22 ноя 2024
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100M ADA bought in a day: Are Cardano whales planning something big? Ambcrypto 06 дек 2024
100M ADA bought in a day: Are Cardano whales planning something big?
Cardano whales acquire 130M ADA—Is a $1.00 breakout imminent? Ambcrypto 28 ноя 2024
Cardano whales acquire 130M ADA—Is a $1.00 breakout imminent?
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ADA Price : Cardano Whales Accumulate 130M Tokens as Price Tests $1 Resistance
$14B In 24 Hours: Will ADA Bulls Boost Cardano Price to $1 This Month?  Coingape 12 ноя 2024
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Cardano (ADA) Whale Activity Jumps 145% As Price Eyes $6 Coingape 20 ноя 2024
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Cardano gains as whale transactions surge: A look at ADA’s future Ambcrypto 08 ноя 2024
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Cardano (ADA) Price Breaks $0.80 Mark Amid Massive Whale Activity Blockonomi 21 ноя 2024
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Cardano Whales Holding $10M ADA Grow Positions by 420%, Time to Buy?
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Cardano whales step in, boost ADA’s rally: Is $6 next? Ambcrypto 24 ноя 2024
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Cardano (ADA) Climbs to $1.15 as Whale Accumulation Suggests Potential for Further Gains Coinotag 02 дек 2024
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Possible Bearish Outlook for Cardano as Whale Activity Declines and Price Approaches Critical Support Level Coinotag 29 ноя 2024
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Cardano Sees 393% Surge in Large Holder Netflows Amid Potential Strategic Accumulation by Whales Coinotag 12 ноя 2024
Cardano Sees 393% Surge in Large Holder Netflows Amid Potential Strategic Accumulation by Whales
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Cardano Whales Accumulate 130M ADA: Is a Break Above $1 Imminent? Coinotag 28 ноя 2024
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Cardano’s Recent Surge of 76% Suggests Potential for Continued Growth Amid Whale Activity and Market Caution
Cardano Price Surges to New Highs Amid Whales’ Activity Dip and Potential Ecosystem Growth Coinotag 18 ноя 2024
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