CandleFocus Cardano Whales Move 19.5 Billion ADA, What’s Next?
2024-09-18
Author: Content Editor
The crypto news article discusses the recent activity of Cardano (ADA) whales and its potential impact on the market. In the past 24 hours, Cardano whales have moved 19.5 billion ADA tokens, worth $6.48 billion, raising hope among investors and traders. Large transactions have also increased by 10%, indicating whales may be looking to pump ADA. Despite a price jump of 4.35%, ADA is still considered bearish based on expert technical analysis. However, if ADA closes a weekly candle above $0.35, it could soar by 30% to $0.45. The Long/Short ratio for ADA stands at 1.02, suggesting bullish market sentiment among traders. ADA's future open interest has also increased, indicating growing interest among traders.
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