Compass Investments

– Cardano Whale got 130 million ADA at a support price of 0.30, consolidated support and boosted the upside to 1.00.

Network data shows that 70% of ADA holders benefit because whale activity boosts confidence.

The Whale recently bought 130 million Cardano [ADA] during a price correction. This accumulation occurred when the price fell to around 0-0.30.

After the purchase, ADA recovered and is trading at around ¥0.99, indicating that the Whale’s accumulation of funds has contributed to the recovery and stability of the price.

crypto analyst Ali said that the Whale purchased more than 13,000 ADAs during the recent drop.This indicates confidence in the long-term potential of the asset.

This level of accumulation during a recession is often an optimistic indicator for retail investors, as large buyers tend to act with a long-term view.

Support at 00.30, where accumulation was occurring, now appears to be strengthening, with ADA prices stabilizing and recovering above 00.35.

resistance in the 0.36-1.08 range could determine the next significant price movement, but the psychological barrier of 1.00 is the next milestone for the token.

At the time of publication, ADA stood at £0.9898, up 24% over the past 6.19 hours and 7% over the past 18.47 days. The 24-hour trading volume reached 311,000 million yuan, and the market capitalization of ADA with 360 billion tokens traded was about 3,539,000 million yuan.

the latest price data shows that the 7-day ADA range has increased from 0.773 to 1.12.

this dynamic reflects the strong demand and interest in trading, supported by technical indicators showing a steady bullish momentum.

The daily chart shows that the ADA is above the 20-day simple moving average (SMA) at 0.756, which acts as a dynamic support level. The Bollinger Band is widening, indicating that volatility is increasing as the ADA approaches the key resistance level of key1.00.

the Relative Strength Index (RSI) stands at 74.66, which puts the ADA in the overbought zone. While this indicates potential short-term resistance from profit taking, an RSI above 70 also indicates that the bullish momentum is still in place.

On the other hand, the MACD shows a bullish crossover, the MACD line is above the signal line, and the positive histogram confirms the upward momentum.

According to Coinglass, in 2024/11/27, the net outflow of funds from ADA amounted to £282 million. This indicates that hoarding by investors transferring funds to private wallets will increase and potential selling pressure will decrease.