and is a bullish signal, indicating the beginning of an upward trend.\u00a0<\/span><\/p>\nFeatured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Cardano (ADA) whales are back in the picture, with recent data suggesting their confidence in the crypto token may have been revived. If so, this will be massive for ADA, which could experience significant price surges soon enough based on this development.\u00a0 Related Reading: Solana On The Brink? Price Stalemate At Crucial $140 Support Cardano Whales Add To Their Holdings The market intelligence platform IntoTheBlock recently revealed in an X (formerly Twitter) post that Cardano whales (who hold between 100 million and 1 billion ADA) have now added 11% to their balances over the past 30 days. These investors now hold 6.71% of Cardano\u2019s total supply.\u00a0 This represents a bullish development for Cardano since whale accumulation usually suggests that these investors are positioning for a potential price surge. These whales also contribute to the price surge since buys of such magnitude could trigger a rally in the price of any crypto token.\u00a0 Besides the whales, retail investors are also heavily invested in Cardano. Data from IntoTheBlock shows that the bid-ask volume imbalance is bullish for ADA. Furthermore, the \u2018In The Money\u2019 metric has also turned bullish for Cardano, meaning that most of these investors are currently in profit.\u00a0 Generally, the confidence in the Cardano ecosystem is growing once again. Data from DeFiLlama shows that the Total Value Locked (TVL) on the network has increased by over 5% in the last seven days. Lately, there has also been a significant increase in Cardano\u2019s trading volume, meaning users are actively trading on the network.\u00a0 Cardano\u2019s Rally Is Imminent\u00a0 Crypto analyst World of Charts suggested that Cardano might soon experience a significant rally, noting that the crypto token\u2019s breakout was already confirmed and moving toward the projected price targets. The analyst had previously predicted that a successful breakout would take Cardano\u2019s price to $1 in the coming weeks.\u00a0 Crypto analyst Trend Rider also confirmed that Cardano is already witnessing a bullish reversal, highlighting the bounce the crypto token made after flashing a bullish signal on the daily chart. In the short term, the analyst expects ADA to climb back above $0.5 and added that Cardano will need to hold above $0.51 on the weekly to end the price correction and confirm a bullish continuation.\u00a0 Related Reading: Whale Watch: Ethereum Fresh Buy Signal Sparks Speculation Crypto analyst Dan Gambardello, the founder of Crypto Capital Venture, also provided insights into Cardano\u2019s future trajectory. He noted that Cardano is currently breaking its 20-day moving average (MA), which the analyst claimed is a very \u201cnice sign\u201d for ADA.\u00a0 Gambardello pointed out on Cardano\u2019s daily chart that the 50-day MA has crossed the 200-day MA, which likely means that the bottom is already in, and this is the lowest Cardano will go. This occurrence is referred to as a golden cross and is a bullish signal, indicating the beginning of an upward trend.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":608738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,14643,79508,142,1020,12332,14690,1558,3504],"class_list":["post-608730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-adausd","tag-adausdt","tag-altcoins","tag-blockchain","tag-cardano","tag-crypto-news","tag-cryptocurrency","tag-price"],"acf":[],"yoast_head":"\n
Cardano Whales Return To The Table, Increase Massive Holdings By 10%<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n