Cardano (Ada) is under the pressure of large investors despite the recovery in the crypto market. In recent days, 330 million islands have changed hands, this can cause major fluctuations in the market. Artificial intelligence presented striking estimates about the Price of the Ada’s February 28th. Investors should carefully monitor the movements in the market in the light of these developments.
Whales sell Cardano! Sales pressure in the market increases
The island rose 11 %in the last 24 hours and reached $ 0.75. However, it experienced a 20 %decrease on a weekly basis. While market fluctuations continue, investors carefully follow price movements. While price fluctuations are expected to continue, market sensitivity will be a critical factor.
According to On-Chain data, whales sold 330 million islands in the last few weeks. This large wave of sales led to concern among investors. Moreover, whales have not yet purchased at low levels, which shows that the pressure on the market may continue. If sales continue, new bottom levels may be seen in the island price.
Artificial Intelligence announced February 28 estimates for Cardano!
According to artificial intelligence analyzes, the island can reach $ 0.83 on February 28. This means an increase of 9.2 %of existing levels. However, there are different scenarios. If whales maintain their sales tendency, price forecasts may vary.
Some artificial intelligence models predict that the island can rise up to $ 0.95. This estimation is based on the island’s remaining above the 200 -day moving average. More cautious models say that the island can fall to $ 0.62. The direction of the market will depend on the risk appetite and general market sensitivity of investors.
What do technical indicators say about the island?
According to technical analysis, the island is currently traded below the 50 -day moving average. However, he manages to stay above the 200 -day moving average. This shows that the long -term rise tendency continues. Technical indicators still give mixed signals. The relative power index (RSI) is at the level of 36.63 and this indicates that the island is slightly sold. In the market, investors need to monitor the range of $ 0.85 to $ 0.95 as critical support.
If these levels are not preserved, the sales pressure may be strengthened again. If the buyers are strengthened, the island price may be upward again. Cardano investors should pay attention to artificial intelligence forecasts and technical signals. How the island will move until February 28 will depend on market dynamics and investor interest. The attitude of the whales and the general course of the market will continue to be the decisive element of price movements.
