Buy ADA Cardano whale on dips - indicators show increasing demand
Cardano (ADA) surged to a multi-year high of $1.15, pumping 245% since November 5th, attracting follow from investors. This astonishing rebound solidifies its position as one of the best performing altcoins in the current market cycle. As the wider cryptocurrency market undergoes consolidation, Cardano continues to stand out with a bullish momentum, which could indicate further pumping in the days ahead.
Top analyst and investor Ali Martinez recently shared his Technical Analysis of X, emphasizing Whale's large purchases of ADA. According to Martinez, large investors have been actively buying Cardano, especially during weekends when prices drop. This highlights the increasing confidence in the potential of the asset.
The next few days are crucial for ADA as it navigates a consolidating altcoin market, preparing for the next major move. Investors are closely following whether Cardano can maintain its bullish structure and capitalize on the growing interest from whales. If the market turns favorable, ADA may target new highs, solidifying its position as a key player in the altcoin space.
With the accumulation of Whales and market adjustments, the future of Cardano remains one of the most exciting stories in the cryptocurrency field.
With the increase in buying activity by large holders (often referred to as Whales), Cardano is showing strong bullish momentum. According to data from blockchain analysis companies, these Whales (defined as entities holding over 100 million ADA) have accumulated over 130 million tokens during the recent price decline.
Top analyst Ali Martinez is following these indicators on X, emphasizing the importance of Whale activity in shaping the trajectory of the ADA market. Martinez points out that this level of accumulation is a clear signal of confidence from large investors, indicating that there is still room for rise in the current rebound. Cardano's price recently hit a multi-year high of $1.15, and with Whales bringing buying pressure to the market, its price may continue to soar.
Despite the positive outlook, some analysts believe that breaking the $1 mark may provide a healthier foundation for the next major trend of ADA. Such a pullback will allow the market to consolidate, shake off weakness, and create a stronger demand zone for the next rebound.
Under the drive of the Whale, the indicators show a continuous rise in demand, and the bullish trend of Cardano seems to have received strong support. The next few days may determine whether ADA can maintain its rising trajectory, or if a temporary pullback will pave the way for its next pump. Investors are closely following key levels, optimistically believing that as the AltCoin market continues to receive attention, Cardano will continue to perform well.
The Cardano trading price is $0.99, a 24% retracement from the local high of $1.15 in recent times. Despite the decline, the PA indicates that ADA is testing a key supply zone near $1, which is a critical psychological and technical level. Reclaiming and holding above this level in the coming days will confirm the continuation of a broader bullish breakout, suggesting that Cardano will regain strength.
If ADA successfully maintains the support level above $1, it may pave the way for a rapid rebound to $1.15 or even higher levels as the bullish trend regains momentum. Traders and investors closely follow this level as a sign of resilience, and if ADA shows strength, further pumping is expected.
However, temporarily falling below $1 should not be seen as a bearish signal. Instead, such a trend may help the market establish a stronger demand zone, providing a healthier foundation for the next Rebound of ADA. The consolidation phase is usually crucial for maintaining long-term price trends and breaking free from weakness.
When the market evaluates these key levels, ADA's PA may depend on whether it can break through and stay above $1 or consolidate before the next major move.
(Data source: Sebastian Villafuerte)
