Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Cardano whale begins buying $600 million in bulk, which could push it up to $0.4.
EXCHANGE NEWS

Cardano whale begins buying $600 million in bulk, which could push it up to $0.4.

By Crypto FlexsNovember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano whale begins buying 0 million in bulk, which could push it up to alt=
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) It is one of the tokens that is currently in the spotlight, with many projects achieving good results during the ‘Atcoin season’. Bitcoin’s dominance is cooling down. The token has been rallying in recent days, and one of the reasons for this resurgence has been revealed.

Cardano whales are accumulating

in post IntoTheBlock, a blockchain analytics platform on the Cumulative 1.89 billion ADA During that period. This amounts to an investment of more than $600 million. ADA token.

Interestingly, their decision big holder It appears that this accumulation is already paying off, as most of it is said to have occurred between the price range of $0.249 and $0.271. these big holder Rather than moving to realize profits as quickly as possible, they may accumulate for the long term, which could push the price up to $0.4.

Last August, market intelligence platform Santiment reported that Cardano Cumulative highest level This dates back to September 2022, as “whales and sharks” holding between 100,000 and 10 million ADA tokens have accumulated $116.1 million in ADA since May 21.

However, in September, sentiment towards Cardano appeared to turn bearish. data Santiment revealed that these Cardano whales sold or redistributed approximately 1.02 billion ADA during certain periods of the month.

Can ADA reach $0.4?

It is not yet known whether this accumulation stage can lead to a rise to $0.40. However, there is no doubt that these whales are dumping tokens to realize profits. Has a major impact on Cardano’s resurgence.

Dan Gambardello, founder of Crypto Capital Venture I mentioned it It provided technical analysis suggesting that Cardano’s current run could see it hit a high of $0.40, all but ruling out the possibility of the token reaching that price. $0.45 target price before a retracement occurs.

Regarding a possible retracement, Gambardello said: ADA may fall Based on the moving average structure, they are around $0.29 and $0.30.

Another cryptocurrency analyst Ali MartinezHe also echoed this prediction, as he noted. X post TD Sequential presents a sell signal on the ADA daily chart with a possible correction around the $0.30 support level.

At the time of writing, ADA is reportedly trading at around $0.35, up more than 1%. data From CoinMarketCap.

ADA price sitting above $0.35 | Source: ADAUSD on Tradingview.com

Featured image from Bolsamania, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

The optimistic candlelight formation suggests that the XRP price can touch $ 22.

May 31, 2025

Bitcoin slide, win collision

May 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025

The AI ​​drive model seasplat improves coral reefs.

May 31, 2025

It is a Gold Fallor Safety Dynasty Status, but the path of Bitcoin can be brighter: analysts

May 31, 2025

Bitcoin prices can be $ 2.5 million in 2025.

May 31, 2025

SEC CRYPTO Stacking Guidance Victory on Industrial Regulations, approval of Staked ETF

May 31, 2025

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025

The BNB chain reports the growth of the Defi and AI sectors in the new initiative.

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025
Most Popular

Ankr Strengthens Web3 by Expanding DePIN Network and Introducing New Partners

March 14, 2024

Notcoin cryptocurrency: Exchange announces listing date, TON is also affected

May 13, 2024

ETH Consumption Rate Drops to Lowest Level as Gas Fees Remain at 2Gwei

August 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.