CandleFocus Cardano Whales Holding $10M ADA Grow Positions by 420%, Time to Buy?
2024-11-23
Author: Content Editor
Cardano (ADA) has recently experienced a significant upside rally and has gained attention from crypto enthusiasts, including traders and whales. The market sentiment suggests that this rally is likely to continue as ADA has further room for growth. Data from on-chain analytics firms shows increased participation from traders and whales, indicating a potential upside rally in the coming days. ADA's Open Interest has also surged, indicating traders capitalizing on current market conditions. Expert technical analysis suggests that if ADA breaks out of its current consolidation zone and closes above a certain level, it could potentially soar by 30% in the near future. As of now, ADA is trading near $1.06, with a price gain of over 9.5% in the past 24 hours.
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