Altcoins News
By Evie Vavasseur
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Whale Accumulation Signals Renewed Confidence. On-chain data from Santiment highlights a notable increase in ADA holdings among large wallets,…
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Derivatives Market Adds Fuel to Recovery. Beyond on-chain accumulation, the derivatives market is providing additional bullish signals.
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Cardano Price Performance and Key Technical Levels. Cardano has been on a rollercoaster ride over the past two weeks.
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Market Sentiment and Broader Implications. The recent rebound in Cardano reflects broader sentiment shifts in the crypto market.
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Outlook: Can ADA Sustain Its Momentum?. The big question for investors is whether ADA can sustain its recovery and reclaim the $1 level.
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Conclusion. Cardano’s rebound this week highlights how whale accumulation and positive funding rates can…
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Cardano (ADA), one of the largest cryptocurrencies by market capitalization, is showing renewed signs of strength after a turbulent week.
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This activity suggests that institutional investors and high-net-worth individuals are taking advantage of recent dips to accumulate ADA at discounted levels.
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Interestingly, while the biggest whales were buying, smaller cohorts showed the opposite trend.
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This dynamic underscores a recurring theme in crypto markets: when fear leads smaller traders to sell, whales often seize the opportunity to accumulate at bargain prices.
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Funding rates measure the cost of holding long versus short positions in perpetual futures contracts.
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Historically, when ADA’s funding rates turn positive after a prolonged negative phase, prices tend to rally sharply.
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Cardano has been on a rollercoaster ride over the past two weeks. On August 14, ADA broke above the crucial psychological threshold of $1, rallying nearly 20% in just a few…
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The rebound began midweek, with ADA climbing back by around 4% on Wednesday and holding gains into Thursday’s session at $0.88.
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From a technical perspective, the Relative Strength Index (RSI) on the daily chart has bounced back from the neutral level of 50, now sitting around 56.
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