Whales Accumulate ADA During Recent Dip, Reducing Volatility as Price Stabilizes

Whales capitalized on ADA's recent dip to accumulate more tokens, leading to price stabilization over the last week. This coincided with fewer short-term ADA traders, suggesting decreased volatility.

The number of ADA addresses holding over 10 million tokens increased slightly during the March 11-20 price dip, showing whales bought the dip. This accumulation leveled off after March 20.

Short-term ADA traders surged from Feb 1 to March 18 as price rose, indicating heightened volatility. But traders have declined since March 19, pointing to potential reduced volatility.

ADA's current golden cross setup with EMA lines is a widely-recognized bullish indicator that could foreshadow further upside price movement if the uptrend continues.

If ADA's uptrend persists, price could test and break the $0.82 resistance level soon. But a downtrend could see price retract to the $0.56 support zone.