The price of Cardano (Ada) showed signs of a possible increase because the whales accumulate actively large amounts of Ada. With a total of 40 million ADA purchased, many are closely monitoring the penetration marks. Currently, the Ada price retains the level of support at $ 0.7, after a side direction in the market. The question is whether ADA can penetrate its important resistance $ 1 and enter a bullish gathering.
Can Cardano reach $ 1 where he buys what 40m ADA?
The last increase in the Cardano price drew attention after a large whale treatment. According to the data, a large investor has bought 40 million ADA recently, as he sent a strong signal to the market.
This purchase activity contributed to a noticeable shift in the dynamics of the ADA market, with a steady rise in the price.
The transaction can create momentum, and attract more investors to the market, which will increase the promotion of the upward trend in the ADA value.
The price resulting from such a great purchase may pave the way for continuous growth, especially if it follows more whales or institutional investors. With the high demand for Ada, the price may rise in the previous resistance levels, making it closer to one dollar goal.
Cardano is facing uniformity before the potential boom
As of Tuesday, March 18, 2025, ADA price He was witnessing fluctuations within a specific scope. Cardano price is traded by about $ 0.7, indicating a minor decrease of 3 % over the past 24 hours, after the encryption market has decreased.
Cardano prediction It was hovering between a scale of $ 0.60 and $ 0.80, with the possibility of an increase in the prominent bullish direction if the resistance level was broken 0.80 dollars. The price can increase by 42 %, and reach a target price of $ 1.
The MACD line remains at the bottom of the signal line, which indicates a weak budget momentum, while RSI is 37 years old, indicating that the market is not in excessive or excessive timing.
The coding analysts highlighted a modern price movement for Cardano, noting that the cryptocurrency is gaining momentum. After the main support level, ADA shows the possibility of an ascending move about $ 0.76. The artistic chart reflects a bullish style, with the price stability at the $ 0.70 sign.
The analyst suggests that if the level of $ 0.70 continues, the positive direction will continue, with the possibility of outbreaks that are likely to lead to high prices. It emphasizes the importance of confirming the size to support the strength of this price procedure. The penetration, in the event of this, can push Ada to higher levels, indicating an increase in investor confidence.
To summarize it, as Cardano Price continues to stabilize at about $ 0.70, market participants still hope that whale activity will pay the price about one dollar.
Related questions (common questions)
There is a possibility to penetrate if ADA can maintain support at $ 0.70 and pay previous resistance levels near $ 0.80.
Pisces often increase the market momentum, which may lead to high prices by attracting more investors
ADA currently maintains an affirmation of the support level of $ 0.70.
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Annah enjoys writing about encrypted technology and Blockchain technology. With more than 5 years of experience. For years, you followed their development, and now you think these technologies can revolutionize many industries. I specialized in technical analysis to help take encrypted currency traders in making more enlightened decisions.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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