CandleFocus Cardano (ADA) Skyrocketing 393% in Netflows as Whales Commit to Fresh Move
2024-11-12
Author: Content Editor
Cardano (ADA) has seen a significant increase in Large Holder Netflows, indicating accumulation from whales. This surge in netflows aligns with ADA's seven-day rally, which has propelled the cryptocurrency to multi-month highs. It is speculated that large investors are strategically accumulating ADA in anticipation of upcoming developments in the Cardano ecosystem, reflecting bullish sentiment. Although ADA has experienced a slight dip in recent hours, the overall weekly performance remains strong with a 74% increase. Should ADA experience a pullback, support levels are expected at $0.53 and $0.49, while a breach past $0.66 could target $0.684 and the yearly high of $0.81.
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