It seems that Cardano (Ada) Restore the bullish momentum After an acute correction experience from the last levels. According to the recently conducted analysis, ADA may prepare for another large crowd, with the capabilities Price goals indicate a sign of $ 1 Beyond it.
Analyst Cardano sees more than one dollar goal
On May 1, Arman is two young men Absolute Technical analysis The next ups. The analysis shows that Cardano previously rose from $ 0.33 to the peak The highest price in three years.
At that time, this important gathering faced strong resistance near the landing OB (OB)Which leads to a severe profit and decline to $ 0.5. Despite the correction, the two young man’s scheme reveals this ADA brown looks upwardWith its price, strength signs appear after restoring a $ 0.65 area.
The scheme analysis also highlights the main liquidity scanning process that occurred during the last correction. Next, ADA bounces from the well -specified demand area and the upscale demand block, indicating a strong benefit from the purchase side at those levels.
Currently, Cardano tries to build a higher low formation, with the price stabilizer with a power of $ 0.65. This monotheism is seen above $ 0.65 as a decisive support level, indicating that the market is preparing for Continuing the potential ascending.
If this level continues to withstand, two young men predict that The next upward trend goals Lied at $ 0.75, $ 0.81, $ 0.93, and eventually $ 1.05. These levels represent previous resistance points and liquidity levels, with each goal that represents a possible milestone for Cardano prices recover.
The level of one dollar has a psychological importance to Cardano, as its price has been traded without this threshold now. The successful step is more likely to open more than $ 0.81 to re -test this level. However, the focus remains on a scale of $ 0.65 and $ 0.75, as it can confirm a strong closure over this area ADA’s willingness to pay renewed and continue.
ADA whales accumulate amid low prices
Cardano is currently trading at $ 0.69 after decreasing more than 4.7 % last week. Amid this Low priceThe whales were buying ADA codes in large numbers, and it seemed that they benefited from the low prices in the hope of reflection in the future.
Ali Martinez’s encryption analyst recently subscriber On x (Twitter previously) that Kardano whales More than 410 million ADA symbols accumulated in April alone. At the current market price for cryptocurrency, this large symbolic purchase reaches $ 276,000,000.
It is worth noting that this enormous increase in Ada accumulation A strong condemnation of investors on its long -term horizons indicate. Although Cardano continues Side trade Because of the decrease in the market, continuous fluctuations, and technical indicators Suggest In the feelings of the “greed” area, it indicates high invested optimism.
Distinctive image from Adobe Stock, Chart from TradingView.com
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