Cardano Whales Make Record Transactions Amid ADA Rally
• ADA whale activity has reached its highest level since the year began.
• Key indicators on the daily chart confirm the strength of the ongoing rally.
The daily Cardano count [ADA] Whale transactions exceeding $1 million have reached their highest level so far this year amid the current rally.
On November 9, the number of ADA transactions over $1 million rose to 2,192. Likewise, ADA recorded its highest daily transaction count in the last six months for transactions over $100,000.
On-chain analysis company data. feeling shows that the number of high-value ADA transfers has been steadily increasing in recent weeks, coinciding with a 50% increase in the token’s price over the past month.
Bulls hold on tight
Readings of the currency’s Average Directional Index (ADX) evaluated on a daily chart place the value of the indicator at 57.46 at the time of this publication.
An ADX value above 50 with corresponding growth in the price of an asset indicates that the current bullish trend in the market is strong.
Read More: https://cryptosaurus.tech/cardano-whales-make-record-transactions-amid-ada-rally/
• ADA whale activity has reached its highest level since the year began.
• Key indicators on the daily chart confirm the strength of the ongoing rally.
The daily Cardano count [ADA] Whale transactions exceeding $1 million have reached their highest level so far this year amid the current rally.
On November 9, the number of ADA transactions over $1 million rose to 2,192. Likewise, ADA recorded its highest daily transaction count in the last six months for transactions over $100,000.
On-chain analysis company data. feeling shows that the number of high-value ADA transfers has been steadily increasing in recent weeks, coinciding with a 50% increase in the token’s price over the past month.
Bulls hold on tight
Readings of the currency’s Average Directional Index (ADX) evaluated on a daily chart place the value of the indicator at 57.46 at the time of this publication.
An ADX value above 50 with corresponding growth in the price of an asset indicates that the current bullish trend in the market is strong.
Read More: https://cryptosaurus.tech/cardano-whales-make-record-transactions-amid-ada-rally/
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