🐳 Cardano Whales Feast on 530M ADA – $1.20 Next? 🤑

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Key Takeaways

Why are Cardano whales active now?

In the dusty plains of the crypto market, where the winds of correction howl, the great whales of Cardano have stirred. A staggering 530 million ADA, scooped up in just 48 hours, signals a bullish hunger amidst the storm. 🌪️💰

What’s ADA’s breakout target?

Above the parched lands of $0.99, ADA could gallop 25% toward the oasis of $1.20, guided by the stars of an ascending triangle and the whispers of bullish indicators. 🌟🐎

Cardano [ADA], like a weary traveler in the desert, has been weathering a correction. Yet, the whales, those cunning beasts of the deep, have sensed an opportunity. Their activity, a beacon of hope, hints at a rally on the horizon. 🌅

Santiment, the sage of data, reveals that wallets holding 1-10 million coins have amassed 530 million ADA in the last 48 hours. A hoard fit for a king, or perhaps, a whale. 👑🐳

Whale accumulation soars

The Cardano whales, with their coffers brimming, have snatched up 530 million coins. A move so bold, it could only mean one thing: they’re preparing for the great bull run, a feast long awaited by ADA holders. 🍽️🚀

Yet, not all are convinced. Some investors, like scared rabbits, are dumping their holdings. CoinGlass data shows $1.44 million in Spot Inflows, a sign of sell pressure despite the whales’ bids. 🐇💨

Intraday traders, ever the opportunists, are riding the wave, heavily betting on long positions. CoinGlass data reveals a Binance ADAUSDT Long/Short Ratio of 3.39, with 77.24% of accounts long and a mere 22.76% short. A lopsided battle, indeed. ⚖️🎢

These signs, like stars aligning, show that bullish domination in ADA is at its zenith, even as the price correction lingers. 🌌💪

Cardano technical outlook: Upcoming level to watch

At the hour of writing, ADA trades near $0.90, a modest dip of 0.90% in 24 hours. Trading volume, too, has waned, falling 39% from the previous day. The sellers, it seems, are not eager to push the price further down. A lull before the storm? 🌧️⏳

This leaves room for a reversal, as market participants appear content to let the price find its footing. A breath of fresh air in the stifling desert of correction. 🌬️

AMBCrypto’s technical analysis, like a map to hidden treasure, reveals that ADA looks bullish at press time. On the daily chart, ADA forms a textbook ascending triangle, the price narrowing into a range that signals the pattern’s completion is nigh. 📈📜

If ADA regains its momentum, it could leap 8.50% to the neckline at $0.963. And should it close above $0.99, gains could extend by 25%, pushing the price toward the resistance at $1.20. A journey fraught with hope and peril. 🏞️🚀

ADA remains below the upper Bollinger Band, leaving room for further upside. Meanwhile, the Supertrend indicator has turned bullish, a beacon of optimism in uncertain times. 🌟💹

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2025-09-20 19:23