Cardano

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-market-dynamics-a-struggle-between-profit-and-loss/" data-wpel-link="internal">Cardano Market Dynamics: A Struggle Between Profit and Loss</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/cardano-ada-price-hits-highest-level-in-months/" data-wpel-link="internal">Cardano</a> (<a href="https://coin-turk.com/parabolik-ralli-populer-analist-bu-altcoinde-roketleri-atesledi-yuzde-2-bin" data-wpel-link="internal">ADA</a>)</strong> market is currently witnessing a tug-of-war between holders in profit and those at a loss, which could lead to a period of stagnation in <a href="https://en.coin-turk.com/cardano-ada-a-compelling-choice-amidst-institutional-entries/" data-wpel-link="internal">ADA</a> prices. Since the beginning of March, there has been a significant decrease in the number of transactions exceeding $100,000, which may indicate a slowdown in high-value activities within the ADA ecosystem.</p> 
<h2 id="detailed-analysis-of-ada">Detailed Analysis of ADA</h2> 
<p style="text-align: justify">However, strong support levels might lay the groundwork for ADA to initiate a new phase of upward momentum. A detailed analysis report over the past three months reveals a clear correlation between ADA’s high-value transactions and its market price. We are particularly looking at transactions exceeding $100,000. However, this pattern has recently taken an interesting turn.</p> 
<p style="text-align: justify">In the last few days, as ADA’s price began to rise, the volume of whale transactions changed. It dropped from 1,192 transactions on March 6 to 953 by March 14. This indicates a significant 20% decrease in just one week. It serves as an effective measure to understand investor behavior related to ADA. A trend was evident over the last quarter. As transactions over $100,000 increased, the ADA price reflected this growth.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-328552 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ada-4.webp" alt="" width="850" height="288"></p> 
<h2 id="on-chain-data-for-ada">On-Chain Data for ADA</h2> 
<p style="text-align: justify">This model could indicate strong investor confidence linked to transaction volumes. However, this correlation faced a deviation previously in November 2023. ADA prices entered a stagnant phase for 15 days during that period. After this stagnation, a notable rise occurred. The cryptocurrency’s price surged by 41% in just five days.</p> 
<p style="text-align: justify">Examining ADA’s current state through the lens of address profitability offers a fascinating snapshot. Considering ADA’s current price, which addresses are profitable and which are at a loss can reveal interesting dynamics. Currently, the majority of ADA holders, or 54.85%, find themselves in an uptrend and enjoying profitability. Analysis of ADA’s price entry/exit graph could indicate strong support around $0.72, followed by another support at $0.70. If ADA cannot hold these support zones, it may continue to fall to as low as $0.63.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cardano-market-dynamics-a-struggle-between-profit-and-loss/" data-wpel-link="internal">Cardano Market Dynamics: A Struggle Between Profit and Loss</a></h5>

Cardano Market Dynamics: A Struggle Between Profit and Loss

Table of Contents

COINTURK NEWS

Other articles published on Mar 15, 2024

Investors flock to Bitcoin as Gold takes a backseat in portfolio strategies

ETH Prediction 2024: When Will ETH Break the $20K Barrier?

Bitcoin liquidations surge amidst market correction

Cryptocurrency OKB Falls More Than 4% In 24 hours

Binance’s $10b venture arm reportedly distances from exchange

Solana Surges to Yearly High Amid Memecoin Mania, Outshines Bitcoin in Market Shift

Join our free newsletter for daily crypto updates!