Cardano (ADA) has increased by 10 % over the past seven days, as the market ceiling has reached $ 23 billion and the daily trading volume is close to $ 700 million. This increase in the momentum brought renewed attention to ADA, where the main indicators of alignment begin in favor of potential penetration.
ADX has crossed the strength of the decisive threshold signals, and the whale activity shows early recovery signs after hitting the lowest annual level. With a gold cross -cross formation on the horizon, ADA can prepare for its next main movement.
Cardano AdX shows that the upward trend may become stronger
Cardano’s ADX (average trend index) rose to 25.97, and rose sharply from 17.41 only two days ago. This important rise indicates that the ADA price movement is gaining strength, with early signs indicating the developing upward trend.
The increase in ADX reflects the increasing momentum behind the last movements. This is likely to indicate that the original is transmitted from the low -standardization phase to a more directional direction.
ADX is a technical indicator used to measure strength – not direction – from the direction, usually on a scale from 0 to 100.
Readings that are less than 20 indicate a weak or not present direction, while values of more than 25 indicate the trend of reinforcement. With Ada’s ADX now at 25.97, via the segment sill index that separates the non -decisive action from a more organized directional step.
This transformation may mean that Cardano is in the early stages of the continuous upward trend, especially if it is supported by high size and other bullish signals in the upcoming sessions.
ADA whales buy again
The number of headlines of the Kardano whale – those that carry between one million and 10 million ADA – are steadyly moving from April 6 to 12, as it decreased from 2,418 to 2,384. This market is its lowest level since February 2023.
However, a slight recovery occurred yesterday, with a modest count to 2,389.
Although this height may hint on a renewed accumulation, the total number remains much less compared to the last weeks, indicating that their main owners are still warning.
Pisces tracking is extremely important because these older bearers can have a major impact on price movements due to the huge size of their sites.
A fixed decrease in whale governor usually indicates a decrease in confidence or profit. On the other hand, the increase can indicate the accumulation of signal and potentially upward pressure on the price. Although the last recovery in the ADA whale numbers is a positive sign, the total remains relatively defeated.
This may mean that despite ADA’s attempts to form the upward trend, the big players are not fully convinced of its sustainability. This would limit the strength of any immediate outbreak unless it follows more of the accumulation of whales.
Cardano can form a golden cross soon
Cardano’s EMA lines are gradually compatible in a manner indicating that the potential golden cross can be formed soon.
If this intersection is confirmed, Cardano may give the momentum needed to test the resistance about $ 0.709.
A successful penetration at this level can push the price to rise towards the next goal at $ 0.77.
However, Cardano is still in accurate position, as it is currently trading higher than the levels of support at $ 0.629 and $ 0.61. If any of these levels is tested and lost, it can nullify the bullish preparation and renew the renewable sale pressure.
The collapse of both support will reflect the current momentum, as ADA is likely to slide about $ 0.51.
Disintegration
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