The Cardano (ADA) price? It’s been chilling, just sliding sideways for days. But oh, there’s definitely some hustle happening under the surface. Strength is building, but then again, hesitation is playing its part too. The real drama is about to go down at $0.89. That’s where the magic happens.
Brace yourselves, folks. $0.89 might just decide where Cardano is going next. Think of it as the cliffhanger before the grand finale. 👀
Big Wallets Are Back, But There’s A Plot Twist
Oh yes, the big players are back in action. Wallets holding 100 million to 1 billion ADA grew from 4.22 billion to 4.25 billion coins. Meanwhile, the 10 million to 100 million ADA wallets grew from 13.02 billion to 13.06 billion.
That’s a cool 70 million ADA, which, at the current price, is nearly $59 million. Yeah, the whales are quietly moving their chess pieces. 🐋💰
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The Chaikin Money Flow (CMF) is giving us all the tea. It’s turned positive recently, sitting around 0.12. Translation: net inflows. Big money is sneaking in like a ninja.
But don’t get too excited yet. This CMF rise isn’t exactly going full throttle. It’s more of a slow burn. A stronger rise above 0.20 would signal the big money is on full attack mode. 🤑
Now, let’s talk about the big money drama. Whales are buying cautiously, while smaller traders? Eh, they’re sitting this one out. More on that in the next section.
Retail’s Side Eye: Why Cardano Price Isn’t Moving Faster
While the whales are having a ball, retail traders seem… skeptical. The Money Flow Index (MFI) is showing lower highs, meaning smaller traders are a little too nervous to join the party.
Basically, while big money is sliding in, retail is hitting the brakes. This imbalance is why Cardano’s price is stuck in a symmetrical triangle pattern. Buying and selling pressure? They’re playing tug of war. 😬
Right now, Cardano is cruising around $0.83, just under the triangle’s top. The key resistance sits between $0.86 and $0.89. So, if Cardano closes above $0.89, we’re looking at a breakout. From there, we could see $0.93, or even $0.95, if big money and retail finally decide to sync up. 🙌
But wait, if the hesitation continues, don’t panic. Cardano has support at $0.82 and $0.80. If it dips under $0.78, we might have to say goodbye to the triangle and hello to a bearish trend. 😬
So here we are, stuck in a tug of war between big money and retail. Who’s going to win this battle? A breakout above $0.89 would prove the whales were right all along and suck hesitant traders back into the game. Stay tuned! 📉📈
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2025-10-06 12:41