According to analyst Ali, Cardano (ADA) SuperTrend indicator turned bearish, with a similar signal on May 22 preceding a 46% decline. Whales holding 100 million to 1 billion ADA have maintained relatively stable positions over the past 10 days, with no clear directional bias. Key support level 0.21 USD marks the lower boundary of ADA's ascending channel.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.