Key Takeaways
Is Cardano undergoing accumulation from whale holders?
In the shadowy gulag of crypto wallets, those holding 100k+ ADA tokens have been squirreling away the supply like prisoners hoarding bread rations over these weary six weeks. Ah, the irony of wealth in chains! 🌚
What does that mean for Cardano’s price prediction?
Yet, peering through the barbed wire of price action and the foul winds of short-term sentiment, a bullish rally for ADA teeters on the brink of absurdity-for now, at least. Who knows, perhaps the camp guards of the market will grant a pardon? 😉
Once upon a desultory dip, Cardano [ADA] languished just above the skeletal support at $0.61, only to muster an 11.4% leap in four grueling days, clawing its way to $0.694. But alas, in the blink of a zek’s eye-the last 24 hours-it slid back by 4%, as if the crypto gods sneered at its fleeting courage. 📉
Bitcoin’s [BTC] eternal dithering at the $116k barrier, that unyielding warden, coerced a market-wide retreat, leaving the entire archipelago in sullen retreat.
And Cardano, oh faithful satellite, witnessed its Open Interest plummet in those same torturous 24 hours, with spot CVD scarcely inching higher. Together, these grim signs betrayed the speculators’ waning appetite, their spot demand as thin as gulag soup-unwilling to wager further on this digital fable in the short stormy sea. 😤
Even the funding rate dipped, though it clung to positive territory like a prisoner to his numbered tattoo.
Behold the paradox: while short-term souls whimpered in ambiguity, the titans-the bigger Cardano wallets-persisted in their relentless accumulation of ADA. The chart wept with rising shares of ADA supply in wallets boasting 100k+ tokens, a testament to the eternal human folly of hoarding in uncertain times. 😂
Thus arises the timeless query, whispered in the Siberian cold-will this whale’s feast of tokens ignite a price inferno?
Examining the supply zones above Cardano
On the 1-day canvas, a bearish structure (in mocking yellow) lurked within a broader bullish expanse (the forgiving white of 1-week vistas). The $0.61 support stands as the solitary guard, thus far unbroken-a critical outcrop for any sham recovery amidst this frozen steppe. 🏔️
A forbidding supply zone from $0.7 to $0.737 looms like a KGB interrogation room, demanding to be conquered for rebirth as support. Until that happens, swing traders should harbor their bearish biases, sunk in sardonic resignation.
The Money Flow Index, that fickle barometer, drifted weakly bearish, proclaiming ADA’s utter destitution of upward vigor or buyer zeal-neither momentum nor pressure to defy gravity’s cruel jest. 🤷♂️
Finally, the liquidation heatmap, a map of doomed voyages, hints at a northward trek to $0.745 ere long. The magnetic pull overhead outweighs the $0.64 or $0.58 abysses-albeit faintly distant after this latest retraction, a twist in the tale like bureaucratic whim.
Technical sorcery underscores the supply at $0.74, corroborated by the heatmap’s liquidity clusters, poised to snare the unwary. Even should Cardano jitter to $0.75 in coming days, traders beware the reversal’s lurking Stalin, ready to shatter dreams anew. 😅
Read More
- AWS crash causes $2,000 Smart Beds to overheat and get stuck upright
- Gold Rate Forecast
- The Boys: Sister Sage’s Major Weakness Revealed In Gen V Season 2
- Avengers: Doomsday Rumor Addresses Tom Holland’s Spider-Man Status
- Brent Oil Forecast
- Chris O’Donnell Would Love a Grey’s Anatomy Reunion on 911 Nashville
- New Research Suggests US Gamers Buy Less New Titles Than You Might Think
- Does Escape from Duckov have controller support? Here’s the full breakdown
- How to change language in Battlefield 6 on both PC and consoles
- 9 MCU Characters Who Secretly Benefitted From Thanos’ Snap & The Blip
2025-10-28 08:13