Cardano

2024

April

While the decline in altcoins reached double digits during the last correction in the cryptocurrency market, the popular altcoin Cardano (ADA) also received its share from this correction.
At this point, while ADA has decreased by 11% in the last 7 days, a bullish signal for ADA came from the on-chain data provider Santiment.
Cardano transactions worth more than $100,000 rose to their highest level since November 8, according to data from Santiment.
Stating that this sudden increase in whale transactions is positive for the price, Santiment argued that whale mobility has historically been associated with potential price returns.
<blockquote>
 “Whale transactions worth over $100,000 on Cardano reached the highest amount since November 8.
 These spikes in whale activity have historically been associated with potential price reversals.
 Additionally, ADA's market cap has decreased by -43% since March 13. “
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a>'s whale transactions exceeding $100K in value has exploded to the highest amount since November 8th. These spikes in whale activity historically correlate with potential price reversals. <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a>'s market cap has shrunk -43% since March 13th. <a href="https://t.co/alFMlZ9Kns" rel="noopener noreferrer nofollow">https://t.co/alFMlZ9Kns</a> <a href="https://t.co/pN21IzS0ST" rel="noopener noreferrer nofollow">pic.twitter.com/pN21IzS0ST</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1785055118624501946?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="cardano-price-movement">Cardano Price Movement!</h2>
Analysts evaluating ADA's price performance stated that in recent weeks, ADA lost its critical support at the $ 0.50 level and fell to an important level of $ 0.45. At this point, analysts warned that declines could potentially continue if the ADA price falls below the current $0.45 level.
However, analysts think that if ADA can successfully break through the critical level of $0.50, this breakthrough could trigger a significant rally and the price could rise to $0.56.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/santiment-rally-may-be-coming-for-this-altcoin/" rel="noopener noreferrer nofollow">Santiment: "Rally May Be Coming for This Altcoin!"</a>

Santiment: "Rally May Be Coming for This Altcoin!"

Table of Contents

Bitcoin Sistemi EN

Other articles published on Apr 30, 2024

New Court Filings Reveals SEC Chair Gary Believed Ethereum Was a Security

ETFSwap (ETFS) Prediction For 2025: Can You Turn $1,000 Into $10 Million With This Presale?

Crypto Ads Crackdown: Thailand’s SEC Warns Exchanges Against Misleading Advertising

Cryptocurrency Market Trends: Recent Price Predictions and Movements

Bitcoin Cash Down More Than 3% Within 24 hours

Bitcoin Price Prediction: MicroStrategy Loses $53.1 Million In Q1 But Still Buys BTC As Experts S...

Join our free newsletter for daily crypto updates!