Ethereum

Cardano

Bitcoin

<div class="dailyhodl">
 <p>A Cardano (ADA) whale metric recently indicated the Ethereum (ETH) competitor could be primed for a price reversal, according to the crypto analytics firm Santiment.</p>
 <p>On Monday, Cardano whale transactions exceeding $100,000 in value surged to their highest number since November 8th.</p>
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 <p>Explains Santiment,</p>
 <p><em>“These spikes in whale activity historically correlate with potential price reversals. ADA’s market cap has shrunk -43% since March 13th.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMXJollbEAABorj?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
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   Source: Santiment/X
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 <p>ADA is trading at $0.441 at time of writing. The 11th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours, more than 12% in the past week and more than 32% in the past month.</p>
 <p>Santiment also notes that crypto trading volume levels recently hit their lowest level since the first week of January, indicating traders are indecisive.</p>
 <p><em>“Bitcoin has seen a trading volume drop of 60-65% since its big week of trading at the end of February. There are many factors that can signal a turnaround, but watch for a spike in volume as a potential turnaround signal for a market-wide rally as we head into May.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMY9QaKagAAqtnG?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Santiment/X
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 <p>Bitcoin (BTC) is trading at $60,442 at time of writing. The top-ranked crypto asset by market cap is down more than 5% in the past 24 hours, 9% in the past week and more than 15% in the past month.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-whale-signal-historically-correlated-with-price-reversals-flashes-green-santiment-tbt87116.html">https://thebittimes.com/cardano-whale-signal-historically-correlated-with-price-reversals-flashes-green-santiment-tbt87116.html</a></p>

Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment

TheBitTimes

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