- ADA could potentially see a relief rally over the next 1-4 days
- ADA whales can be seen buying the dip en masse
Cardano [ADA], at the time of writing, showed signs of recovery following a 2% hike over a 24-hour trading period, according to CoinMarketCap. This, after the crypto bled heavily in April, recording losses of more than 23% on the charts.
According to AMBCrypto’s analysis of Santiment’s data, the aforementioned market slump narrowed the percentage of ADA’s total supply in profit from 73% towards the beginning of the month to 51% by the time it ended.
Source: Santiment
Rebound incoming?
However, the corrective phase might end soon, going by the predictions of popular on-chain analyst Ali Martinez. On ADA’s daily chart, Martinez spotted a buy signal on the TD Sequential indicator, suggesting a potential relief rally for the next 1-4 days.
To make better sense of the forecast, AMBCrypto examined other key technical indicators of ADA.
The Relative Strength Index (RSI) rose steadily in the last 2-3 days, a sign that selling pressure has been easing. That being said, the broader sentiment was still bearish and the RSI needed to rise above 40 to justify the prospect of a sustained rally. A move above neutral-50 would strengthen bullish sentiments.
The buying pressure was also apparent in the rise of On Balance Volume since the beginning of May. At press time, it mirrored ADA’s price action on the charts, raising hopes of a sustained rally.
Source: Trading View
Read ADA’s Price Prediction 2024-25
Assessing whales’ response
Cardano’s downturn in price caught the attention of whale investors. On 30 April, transactions worth more than $100k spiked to their highest levels since November 2023.
On analysis of different whale cohorts, intriguing observations came to light. Smaller whales, with ADA holdings ranging from 1,000 to 1 million, decreased in number, suggesting that they have been selling off.
Larger whales, on the other hand, were accumulating, as addresses holding between 1 million to 100 million coins increased in number. Hence, it was evident that significant capital was flowing from smaller whales to bigger whales.
Source: Santiment
- ADA could potentially see a relief rally over the next 1-4 days
- ADA whales can be seen buying the dip en masse
Cardano [ADA], at the time of writing, showed signs of recovery following a 2% hike over a 24-hour trading period, according to CoinMarketCap. This, after the crypto bled heavily in April, recording losses of more than 23% on the charts.
According to AMBCrypto’s analysis of Santiment’s data, the aforementioned market slump narrowed the percentage of ADA’s total supply in profit from 73% towards the beginning of the month to 51% by the time it ended.
Source: Santiment
Rebound incoming?
However, the corrective phase might end soon, going by the predictions of popular on-chain analyst Ali Martinez. On ADA’s daily chart, Martinez spotted a buy signal on the TD Sequential indicator, suggesting a potential relief rally for the next 1-4 days.
To make better sense of the forecast, AMBCrypto examined other key technical indicators of ADA.
The Relative Strength Index (RSI) rose steadily in the last 2-3 days, a sign that selling pressure has been easing. That being said, the broader sentiment was still bearish and the RSI needed to rise above 40 to justify the prospect of a sustained rally. A move above neutral-50 would strengthen bullish sentiments.
The buying pressure was also apparent in the rise of On Balance Volume since the beginning of May. At press time, it mirrored ADA’s price action on the charts, raising hopes of a sustained rally.
Source: Trading View
Read ADA’s Price Prediction 2024-25
Assessing whales’ response
Cardano’s downturn in price caught the attention of whale investors. On 30 April, transactions worth more than $100k spiked to their highest levels since November 2023.
On analysis of different whale cohorts, intriguing observations came to light. Smaller whales, with ADA holdings ranging from 1,000 to 1 million, decreased in number, suggesting that they have been selling off.
Larger whales, on the other hand, were accumulating, as addresses holding between 1 million to 100 million coins increased in number. Hence, it was evident that significant capital was flowing from smaller whales to bigger whales.
Source: Santiment
where buy generic clomiphene where can i buy clomiphene tablets can i purchase generic clomiphene without insurance generic clomid for sale can i get clomid without a prescription cost of cheap clomiphene for sale cost cheap clomiphene pills
I am in fact delighted to gleam at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data.
This is the amicable of topic I have reading.
azithromycin 500mg cost – oral tetracycline 250mg metronidazole 400mg generic
purchase rybelsus for sale – order cyproheptadine 4 mg sale buy cyproheptadine pills for sale
brand domperidone 10mg – purchase motilium generic order cyclobenzaprine 15mg generic
generic inderal 20mg – propranolol canada order methotrexate pills
purchase amoxicillin online – amoxil tablet ipratropium pills
zithromax 500mg generic – buy bystolic 20mg pills order nebivolol without prescription
amoxiclav online – atbioinfo buy generic ampicillin online
order esomeprazole 40mg capsules – https://anexamate.com/ esomeprazole 20mg for sale
order warfarin 5mg pill – blood thinner cheap cozaar 50mg
buy mobic no prescription – https://moboxsin.com/ buy mobic 15mg generic
buy deltasone 20mg for sale – corticosteroid prednisone 20mg pill
ed remedies – fastedtotake ed pills for sale
cheap amoxicillin without prescription – order amoxil for sale buy generic amoxil
forcan for sale online – https://gpdifluca.com/ buy diflucan generic
cenforce 50mg ca – site cenforce oral
cialis price walgreens – https://ciltadgn.com/ sanofi cialis
tadalafil (megalis-macleods) reviews – what is the active ingredient in cialis buy cialis online in austalia
ranitidine where to buy – this order generic ranitidine 150mg
cheap viagra inurl /profile/ – strong vpls buy viagra online canada
With thanks. Loads of knowledge! https://buyfastonl.com/furosemide.html
More text pieces like this would make the web better. https://gnolvade.com/es/amoxicilina-online/
This is a question which is forthcoming to my heart… Many thanks! Exactly where can I notice the contact details for questions? https://ursxdol.com/get-cialis-professional/
The thoroughness in this piece is noteworthy. https://prohnrg.com/
I couldn’t resist commenting. Well written! https://aranitidine.com/fr/en_france_xenical/