Posted 4/8/2024, 3:28:53 PM
Cardano Price Shows Signs of Potential Breakout as Whales Accumulate ADA Amid Diverging Indicators
- Cardano price showing signs of a potential breakout which could lead to new highs for 2023
- ADA whale accumulation worth $30M recently detected, signaling renewed bullish sentiment
- Sell signal from price vs daily active addresses divergence, suggests likely short-term price increase
- Falling wedge pattern on price chart points to possible 32% ADA price rally ahead
- If selling pressure intensifies, ADA could invalidate bullish signs and fall towards $0.50 support level
