Cardano Sees Steady Growth as Big Holders Lock In for the Long Term
With Cardano whales holding off on selling, ADA gained 3.66% in the last day, supporting a slow but steady climb.
The latest data indicates a significant decrease in the “Large Holder Netflow” metric for ADA, which measures the net inflow and outflow of assets held by major investors. This metric fell by 1,181.52% over the past week, suggesting that these investors are moving ADA from exchanges to private wallets, likely indicating a shift toward holding long-term. Such a move could lead to a supply squeeze, which often has the potential to increase the coin’s value if demand persists.
The uptick in high volume transactions could also be a positive signal if buying activity continues.
This trend of accumulation might provide support for ADA’s price growth and potentially drive up trading volumes in the coming sessions.
Also, Open Interest (OI) for ADA has increased increased by 8% in the last 24 hours, according to Coinalyze data, indicating that more traders are opening long positions, possibly adding momentum to ADA’s current price trend.
On a broader scale, though, ADA’s Total Value Locked (TVL) has not shown significant movement, remaining neutral. An increase in TVL would likely strengthen ADA’s ongoing upward movement, signaling more robust investor interest in the platform’s ecosystem.
Cardano’s Price Dip: An Opportunity for Investors Eyeing a Recovery
Cardano (ADA) has recently seen a notable decline in its price, dropping by 22% in the past few days. While this decrease might raise concerns for some, it may actually present an attractive opportunity for long-term investors. The current dip is being viewed as a chance for buyers to acquire ADA at lower prices, fueling […]
Cardano’s ADA Holds Strong as Investors Bet Big on a $2 Target
Cardano (ADA) continues to maintain its price around the $1.20 level, after a significant surge in the past 30 days. Despite giving up some of its earlier weekly gains, analysts believe the cryptocurrency is holding strong and preparing for a potential rally that could push its price towards $2. Key support levels play a vital […]
Cardano Shows Strong Momentum Amid Bullish Market Trends
Cardano (ADA) has been on a remarkable rally, climbing nearly 42% over the past week and capturing the attention of crypto enthusiasts. This strong uptrend is backed by technical indicators like the ADX, which signal sustained bullish momentum. However, short-term market signals hint at potential consolidation ahead if buying pressure falters. The Average Directional Index […]
Cardano Sees Strong Price Momentum as Analysts Set Bullish Targets
The cryptocurrency’s daily trading volume has reached a seven-month high, topping $52 billion, while whale transactions have also spiked, reaching levels not seen in six months. In addition to this, the open interest (OI) in ADA futures has increased significantly, with OI hitting $735 million. This growing momentum has prompted analysts to reassess Cardano’s potential […]
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Cardano’s Price Dip: An Opportunity for Investors Eyeing a Recovery
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