Cardano (Ada) in recent weeks $0.731026 Intensive purchases of large investors for tokens drew attention. According to data, the transfer of 180 million Islands to large wallets in a short time gave signals of a long -term optimism in the market. Analysts emphasize that this mobility can form the basis for the island’s price stabilization and possible rise. The centimeter data showed that there is a significant increase in the number of wallets that hold 1 million to 10 million islands. In the past, similar purchase waves are known to trigger upward movements at prices. Market experts believe that the current consolidation process may be the beginning of a new rise cycle.
Island accumulation and market effect of large wallets
Crypto money analyst Ali Martinez said that the purchase of 180 million islands of major investors constitutes a trust element despite the market volatility. According to Martinez, such moves are often part of long -term investment strategies. In particular, the decrease in circulatory supply plays a critical role in supporting prices.
The data shared by Santimement shows that the increase in the interest of big investors to the island is also compatible with technical indicators. In the past, after similar accumulations, increases of exceeding 50 %of the island were recorded. This indicates that the current purchases have the potential to have a similar effect.
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Historical data and price estimates
Analyst Eilert said that the current price movements of the island are similar to previous market cycles. According to Eiler, consolidation processes are usually seen before harsh price movements. For example, the long consolidation period in 2021 had prepared the ground for reaching the historical summit of the Island.
Although the current price levels test the support of $ 0.45 in the short term, the purchases of large investors contribute to the protection of this level. Market participants foresee that the island can start a new wave of rise in the coming months with international ETF discussions and technical indicators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
