On December 10, the whales took action—an entire 750 million #ADA suddenly flowed into Binance, the whale movements were obvious, and liquidity was instantly maximized 💥. Everyone's first reaction was: does large capital entering the market mean selling pressure is coming?
However, the ADA price has stabilized, maintaining resilience around $0.46, which has relieved many 😅. The market observes this influx of funds, and some say it is a 'check-up' on the buying power, not necessarily meaning immediate selling. Buyers are also taking the opportunity to test price tolerance, making the market more stable than expected.
Saying goodbye to the decline, Cardano is warming up 📈
ADA has broken through the downward trend line since early autumn, indicating a shift in market momentum. More importantly, it has stabilized the upper limit of the pullback, boosting market confidence in a rebound. Next, everyone should focus on the resistance levels of $0.48, $0.60, and $0.6975; breaking through these points could lead to a larger market movement.
The RSI indicator has also risen above 50.56, higher than the moving average, indicating that short-term momentum is improving, and short-term traders can go long in the trend. Each retracement strengthens the price structure, making the market healthier.
Spot buyers are holding up against selling pressure 💪
In the past few days, spot buying has been very strong, almost digesting all selling pressure, indicating that buyer confidence is strong enough and validating the effectiveness of the breakout. The rise in the CVD indicator also shows that demand is increasing; even the entry of large whales has not scared off the market.
Of course, strong CVD cannot completely eliminate downside risk, but it does provide ADA with a solid foundation. The imbalance in supply and demand allows bulls to continue pushing prices up, while short-term sellers find it hard to reverse the situation.
Leverage players are returning, and volatility may intensify ⚡
The open interest surged by 10.15%, reaching $815 million, and leveraged trading has become active again. This means that short-term fluctuations may be amplified, and prices could be pushed up or down at any moment by a wave of liquidations. Everyone should particularly pay attention to the resistance area around $0.48–$0.50, where open interest is dense, making rapid fluctuations likely.
The heat map reveals a little secret 🔥
Binance's liquidation heat map shows that $0.48 and $0.50 are dense areas for long liquidations, attracting prices like a magnet. Prices fluctuate every time they reach these ranges, but they also provide bulls with another opportunity to attack.
In summary: Is ADA ready to continue its momentum?
Overall, after breaking the downward trend, ADA's structure has improved, with CVD, open interest, and RSI all strengthening. The entry of large whales brings short-term uncertainty, but spot buyers are holding up against pressure, stabilizing the price.
As long as ADA holds the breakout area and stands above $0.48–$0.50, it has a chance to challenge $0.60 or even $0.6975 💎.
Cardano is testing the market's endurance and accumulating rebound energy—short-term fluctuations are large, but the trend may slowly be becoming healthier. 📊
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