- Ada showcases recovery marks after five consecutive days of losses.
- The whales accumulated 180 million ADA symbols, which increased the bullish capabilities.
- The outbreak of higher than $ 0.7351 (67.8 % of the Fibonacci level) can displace a collection of about $ 0.92.
After facing a decrease during the past week, Cardano (ADA) exposed the first green candle in five days, indicating a possible reflection of the direction. The daily chart appears bounce inside the day, with the main ADA test levels.
Currently, Ada fluctuates between 50 % (0.6272 dollars) and 61.8 % (0.7351 dollars) Fibonacci levels, which are necessary to determine the next step. A successful break above $ 0.7351 may confirm a bullish reflection, while failure to keep more than $ 0.65 may lead to more negative pressure.
Whales accumulate 180 million Ada – a bullish sign?
Despite the last decrease, the data indicates that the big investors accumulate ADA activity. The encryption analyst Ali Martinez I mentioned These whales, which are valued from one million to 10 million ADA symbols, added 180 million coins to their holdings last week.
This accumulation has pushed the overall property of the whale to 6 billion Kardano, indicating that institutional investors and major traders believe that the recent decline represents the opportunity to buy. Historically, this whale activity has already recovered strong prices.
While recovery indicates optimism, technical indicators provide mixed signals. The DMI index shows a negative intersection, where VI lines move sideways, indicating that there is no strong upward momentum.
RSI fell to less than 50 marks, but it tries to recover, indicating poor sale pressure.
In the short term, the ADA key resistance is $ 0.7351, which is the Fibonacci level 67.8 %. The collapse above this point can pave the way for Cardano to test $ 0.9216 (78.6 % of the Fibonacci level).
However, if the declining pressure resumes, ADA’s first main support is $ 0.65, followed by the Fibonacci level by 50 % at 0.6272 dollars.
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