Cardano (ADA) recently faced a lack of bullish momentum, preventing the Altcoin from staging a complete recovery. However, despite this, he maintained an increase micro-trend, supported by a group of solid investors.
These holders do not liquidate their positions, and their support could help generate the price of ADA to higher levels, up to $ 0.85.
Cardano whales move to buy
Whale addresses have actively accumulated ADA at current low prices, which signals confidence in a potential recovery. During last week, the addresses holding between 100 and 1 billion ADA added more than 240 million ADA, worth more than $ 175 million. This important accumulation of whales indicates their belief in the long -term value of cardano and the probability of an increase in prices.
The accumulation of ADA by these large investors shows a strong conviction in the future performance of the assets. This behavior suggests that whales are positioning themselves for potential recovery, and their support could provide the help necessary to help Cardano to cross key resistance levels.
Cardano’s dynamic macro shows promising signs despite the overall conditions of the lower market. The average age of the parts, a metric which follows the average age of the coins in circulation, increased regularly. This increase suggests that long -term holders (LTH) refuse to sell and also retain their Ada tokens for long periods. This reflects a feeling of confidence among LTHs concerning the recovery of the Cardano Prize.
The increase in the age of medium parts implies that investors believe in the long -term cardano potential and are not inclined to liquidate their assets during the current slowdown in the market. This level of LTH confidence provides solid support for ADA and could help prevent any decrease in drastic prices.
Ada Price remains moderate
Cardano is currently increasing 6% in the last 24 hours, but this increase has not been sufficient to break the level of crucial resistance of $ 0.77. Despite the recent increase, Ada was unable to violate this barrier, which is essential to confirm the resumption of Altcoin.
The factors discussed suggest that with the continuous support of investors and whales, Cardano could exceed the resistance of $ 0.77 and reach $ 0.85. This level is essential to establish a recovery gathering for ADA, and if it is successfully violated, it could lead to sustained gains in the near future.
However, if Cardano fails to rape the barrier of $ 0.77, she will probably continue to consolidate above the $ 0.70 support. In this case, ADA will remain vulnerable to a potential decrease to $ 0.62, which could extend the consolidation phase and delay any significant recovery.
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