ADA Price Analysis

[ThreeBear]

The price of Cardano has always responded to the behavior of ADA holders, which may be the key to recovery. Whale investors trading online are accumulating. In the past three days, addresses holding between 1 million and 10 million ADA have purchased over 30 million ADA, worth $14.6 million. Although recent adjustments suggest that whales expect price increases and are accordingly accumulating. Additionally, the Market Value to Realized Value (MVRV) ratio indicates that the asset is in the peak accumulation zone. The 30-day MVRV for Cardano is currently -19%, indicating that recent buyers may suffer losses, potentially leading to accumulation. Historically, ADA's recovery has occurred between -13% and -21%, making it an accumulation opportunity. The trading price of Cardano is $0.4663, already showing signs of recovery. Considering the factors mentioned above, ADA may continue this recovery, reclaiming the support level of $0.56, which is 16% higher than the current price. This would mark a 25% increase for the third-generation cryptocurrency.

 

[Suba]

The Cardano network has demonstrated solid scalability, as well as being a vibrant and active network as a basis for smart contracts and DeFi,
Currently the price of Cardano (ADA) is $0.472. Max Supply 45.billion ADA, ATH 0.614 reached on Apr 09, 2024.

The decline in ADA prices is thought to be due to the Bitcoin halving on April 19 the day after tomorrow. However, in the long term, ADA's price has great potential. However, as an investor, you must carry out an in-depth analysis before investing in ADA.

 

[ImamShaheb]

The ultimate sloth is just slothing🥲🥲🥲🥲🥲