Top Cardano whales invested in buying 217.2 million ADA a few days into the new year. Long-term holders still had their assets in red despite ADA’s resistance. While the broader crypto market adhered to a price correction, Cardano [ADA] resisted the temptation, thanks to the efforts of whales holding the token. Read Cardano’s [ADA] Price […]
Indications from the daily chart showed that it might not take long before ADA joined its counterparts. This was because of the Exponential Moving Average inclination. At press time, the 20 EMA was above the 9 EMA . Although close, the crossover signified a potential bearish reversal.
Besides the EMAs, the Awesome Oscillator displayed a bearish saucer trend, since it crossed below the zero histogram line. However, there was a tendency for a bullish crossover after bullish twin peaks recently and the bars were in greens at -0.015. As the AO also detects historical price movements, it implied that ADA whales still had an influence on its trend.When it came to transactions, the Twitter account Adaversethat 58.2 million transactions had passed through the network.
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