После Cardano flipped the huge descending trend, it appeared that the price may now validate a strong uptrend. But the recent crypto market slash dragged the ADA price below $1, which appears to be a tedious job to regain. Amid the current negative market sentiments fueled by the Fed rate hikes, the price is expected to consolidate for a longer time under $1. However, if the price receives a huge influx of volume, the price may regain levels above $1.
The past week appeared to have recorded huge whale accumulations while the АДА цена had plunged drastically by more than 20%. As per the data from Santiment, Cardano’s top whales have been accumulating ADA for a pretty long time, ever since the ADA price dropped from its highs at $3.1. And hence manifesting the possibilities of yet another gigantic rally fast approaching ahead.
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Source: https://coinpedia.org/price-analysis/cardano-finds-a-strong-support-at-0-92-ada-price-may-soon-be-propelled-by-the-whales/