Main to remember
What are Cardano’s current prices?
Cardano is negotiated inside a fork, the price is not breaking and remains above the $ 1 zone a few times.
What measures influence the structure?
A mixture of whale accumulation, cooling volume, seller’s domination and liquidity was at the origin of the perspectives.
Cardano (ADA) Slowly recovered after a fall that followed its increase at $ 0.95 last week. The feeling in the cryptographic markets seems to move, Altcoin still negotiating under the threshold of $ 0.90, according to CoinmarketCap data.
Price action is confined in a massive beach model because it sees mixed signals of liquidity, accumulation of whales and volume differences.
Whales come back to accumulation
Cardano whales accumulated accumulation in last week, buying more than 70 million ADAs. Their total assets are now 5.53 billion ADA, still below the levels recorded in mid-August.
According to an analyst, many of these tokens were sold when Ada has almost reached $ 1, but since the whales resumed $ 1.80, the whales resumed the purchase aggressively.
Source: Ali Charts / X
The accumulation maintained the price inside a fork just below the $ 1, reiterating the phase. However, as accumulation intensifies, prices start to increase.
Cardano tightened in a range
On the graphics, Ada Price was negotiated at $ 0.85 compared to $ 0.76. Altcoin has only increased by 1% in the past 24 hours, at the time of the press, but seemed to spend more time to $ 0.74 to $ 0.98.
Since Cardano reached the level of $ 1.30 at the end of 2024, the Altcoin rebounded between $ 0.57 and $ 1.14. The MacD showed the strength of the buyer after the crossing.
Source: tradingView
The Silver Flow of Chaikin (CMF) was flat but of a negative reading. If Ada broke out from recent beach, $ 1.14 would be the next problem.
Cardano is still 34.60% below the previous annual summit of $ 1.30, a reasonable target.
Liquidity and volumes
According to Coinglass data, more than $ 7 million from ADAs are seated at the liquidation level of $ 0.84. Longer commands had been adjusted below $ 0.85 level, the positions being built at levels above $ 0.88.
In terms of amplitude of the volume on chain, the bubble card in the long term said it was cooling with cryptocurrency data. This meant that the sellers lost strength after dominating because the price reached $ 0.95.
The CVD Spot Taker has shown that the ADA market has been greatly dominated by the seller since July.
Source: cryptocurrency
Meanwhile, the founder of Cardano, Charles Hoskinson, explained the prospects for the cryptography market. Hoskinson, who is also co-founder of Ethereum (ETH)said the crypto will be the backbone of the financial system. He said,
“The crypto is 3 to 5 years to conquer the world.”
In total, the current configuration of Cardano went with stays of bullish signals.
