Cardano Bulls Withdraw $100M, Eyeing ADA Price Surge
Cardano (ADA) bulls are showing confidence despite its price dip below $1. On-chain data reveals that investors withdrew $100 million worth of ADA from exchanges in just two days, signaling reduced selling...
Cardano (ADA) bulls are showing confidence despite its price dip below $1. On-chain data reveals that investors withdrew $100 million worth of ADA from exchanges in just two days, signaling reduced selling intent and potential upward price pressure. Meanwhile, the recent change in Cardano’s Spot Inflow/Outflow data shows a positive trend, with outflows improving from -$63 million to -$40 million. This indicates growing confidence among investors, which often leads to upward price pressure. With its price at $0.98, investors appear optimistic about a potential rally despite recent market dips.
We'd Love to Hear Your Thoughts on This Article!
Was this writing helpful?
Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.
If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us
