TL; Dr
- ADA’s latest trends caught the attention of analysts, one of whom believes the price may rise to one dollar if it exceeds an important resistance level.
- A huge transfer of approximately 70 million ADA from Coinbase to an unknown portfolio has sparked speculation about a big whale step, but the rising RSI hints in a possible withdrawal in the short term.
Is it time for one dollar?
Follow the original symbol of Cardano the comprehensive recovery of the encrypted currency sector in the past few weeks. It was pumped to $ 0.85 on May 12 before restoring the current $ 0.78 (per COONINGKO data), which represents a 30 % increase on a monthly scale.
According to the famous X -Martinez user, ADA has the ability to reach a $ 1 psychological brand. X. Secure To do this, the price should first break the level of resistance of $ 0.81.
It should be noted that the last time ADA was traded over one dollar was at the beginning of March. At that time, US President Donald Trump open Its administration will be applied with the creation of a strategic encoding reserve that includes Cardano’s encrypted currency (among the other leading digital assets). Soon after, he is Fell The executive, which excluded ADA as it was only focused on bitcoin.
Martinez is not the only observer in the market that imagines additional gains in the future. Earlier this week, the X Henry user claimed that he had explored many encrypted currencies to determine which of them that They are “gemstones with 100x capabilities.”
they It included Ada in the prestigious menu, described it as the ocean: “quiet, deep and abusive.” Henry also argued that the distinctive symbol “was built to the past”, where he expected an increase in $ 3 later this year.
Monitor some indicators
X account with more than 2.7 million followers – whale alert – recently Advocated Nearly 70 million ADA (more than $ 52 million) have been transferred from Coinbase to an unknown wallet.
Such procedures are generally optimistic because they indicate a shift from central platforms towards self -friction methods and reduce immediate sale pressure. However, due to the lack of actual details about transportation, this may mean that it was internal mixing.
On the other hand, there is the ADA (RSI) relative index (RSI) Rise To nearly 60 on a daily scale. The oscillator measures the speed and size of the latest changes in prices to help traders determine the potential upscale differences. It ranges from 0 to 100, and readings above 70 indicate that the original has entered the peak area and can Be ready For correction.
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