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Home»Altcoins»Cardano: As whale accumulation rises, will ADA see a potential surge?
Altcoins

Cardano: As whale accumulation rises, will ADA see a potential surge?

May 13, 2025No Comments4 Mins Read
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Cardano [ADA] recently made a significant move by breaking out of a descending channel that had been in place for some time. This breakout was quite aggressive, with $880k worth of short liquidations occurring in under 24 hours to fuel the move. The price action reclaimed the range formation that was established back in February, signaling a potential shift in momentum for the cryptocurrency.

A recent report also highlighted whale accumulation in Cardano, emphasizing the importance of the $0.75 support level. This accumulation was seen primarily in certain cohorts of holders, with the 10 million-100 million ADA holder cohort adding 1% of the circulating supply of Cardano over the past month. This translates to a significant amount of tokens, worth $296 million based on the current price.

However, not all on-chain metrics are showing positive signs. Network activity has slowed down in recent days, with daily active addresses and transaction volume experiencing a sharp drop on Friday, May 9th. While this drop in activity is common for daily active addresses over the weekend, it is unusual for transaction volume. Despite this, daily active addresses are still higher than they were for most of April.

On the price chart, Cardano has shown resilience by holding onto the $0.8 support zone after retesting the $0.68 range lows. The 20 and 50-period moving averages indicate bullish momentum, with the next price target set at the mid-range resistance of $0.91. The rising On-Balance Volume (OBV) suggests steady buying pressure, which could help ADA rally higher in the near future.

Overall, Cardano’s recent breakout and whale accumulation signal positive momentum for the cryptocurrency. While on-chain activity has slowed down, the price action and key support levels indicate potential for further upside. Traders and investors will be closely watching how Cardano performs in the coming days, with the next target set at the $0.91 resistance level. The Benefits of Regular Exercise for Mental Health

See also  Time To Sell XRP? Whale Dump $27.2 Million Worth of Tokens

Exercise is not only essential for physical health, but it also plays a crucial role in maintaining and improving mental health. Regular physical activity has been shown to have numerous benefits for mental well-being, including reducing symptoms of anxiety and depression, improving cognitive function, and boosting self-esteem.

One of the most well-known benefits of exercise for mental health is its ability to reduce symptoms of anxiety and depression. Studies have found that engaging in regular physical activity can help alleviate feelings of anxiety and depression by releasing endorphins, which are chemicals in the brain that act as natural painkillers and mood elevators. Exercise also helps to reduce levels of cortisol, a stress hormone that can contribute to feelings of anxiety and depression.

In addition to reducing symptoms of anxiety and depression, exercise has been shown to improve cognitive function. Regular physical activity can help improve memory, attention, and concentration, as well as reduce the risk of cognitive decline as we age. Exercise has also been found to increase the production of neurotrophic factors, which are proteins that promote the growth and development of neurons in the brain.

Furthermore, regular exercise can boost self-esteem and improve body image. Engaging in physical activity can help individuals feel more confident and empowered, as they see improvements in their physical fitness and overall health. Exercise can also provide a sense of accomplishment and mastery, as individuals set and achieve fitness goals.

Overall, the benefits of regular exercise for mental health are vast and significant. By incorporating physical activity into our daily routines, we can improve our mental well-being, reduce symptoms of anxiety and depression, enhance cognitive function, and boost self-esteem. Whether it’s going for a walk, taking a yoga class, or hitting the gym, finding ways to stay active can have a positive impact on our mental health.

See also  Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking?
accumulation ADA Cardano Potential rises surge Whale
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