As the Cardano (ADA) price continues to unify the level of decisive support of $ 0.65, whales and investors seem to benefit from this opportunity. Recently, a prominent encrypted expert on X (previously Twitter) posted that the whales have bought millions of dollars of ADA distinctive symbols in the past three days.
Buy whales 130 million ADA symbols
In a post on X, the expert confirmed that encryption whales have bought nearly 130 million ADA icons in the past 72 hours. The Great ADA purchase indicates whales an opportunity to a possible purchase, as the price has decreased dramatically in recent days.
Impact on Ada price
This large ADA purchase effect has started to think about the price of the original. According to Coinmarketcap data, ADA is currently trading near $ 0.75, as it has increased more than 4 % in the past 24 hours. In addition, during the same period, the asset trading volume jumped by 10 %, indicating an increase in participation from merchants and investors looking to take advantage of the current price.
Technical Analysis Cardano (ADA) and upcoming levels
According to the technical analysis of the expert, Ada appears bullish as it erupted from a small unification stage that it was suffering from during the past five days and is currently circulating over that region.
Based on the modern procedures for prices and historical momentum, if the original closes a daily candle higher than the level of $ 0.75, this will confirm the successful collapse and may rise by 13 % to reach $ 0.85 in the coming days.
After finishing, ADA rose above 200 Averages ASE (EMA) on the daily time frame, confirming its upward direction.
Excessive Ada Traders positions
Regardless of this upscale view, it seems that the merchants inside the day are betting strongly on the declining side, as stated by the Analysis Company on the series. Coinglass.
The data revealed that traders are currently being overlooked at $ 0.724 on the bottom side, where Bulls filed long jobs worth $ 9 million. Meanwhile, $ 0.763 is another position on the record as merchants who bet on the short side of $ 13 million occupied jobs.
This data clearly reveals the feelings of merchants despite the penetration.
