Cardano (Island) price has recently experienced great fluctuations. With Trump’s inclusion in the crypto strategic reserve, the island declined again due to whale sales and the uncertainty of investors. So, can Cardano exceed $ 1?
How do the sales of whales affect the market?
In the last 24 hours, whales, which hold 100 million to 1 billion islands, sold about 160 million islands. These sales represent a total output of $ 147 million in total. This movement of the whales reflects the uncertainties in the market.
Whales, Trump’s statements last week, the island of $ 404 million was purchased. However, recent sales show that big investors’ confidence in Cardano in the short term has decreased. If the sales pressure continues, the rise momentum of the island may be lost.
Cardano: Activity in the market declined
The active addresses of the island owners have reached 70,000 at the weekend, and now decreased to 33,000. This decrease shows that investors are cautious and withdrawn from the market.
The decrease in active addresses usually reflects the falling market confidence. Since investors do not want to take risks in an uncertain environment, process volumes are reduced. This may make it difficult for Cardano to recover.
Island price at critical level
Cardano is currently trading for $ 0.92. Although it increased by 8 %in the last 24 hours, it could not break the critical resistance level of $ 0.99. If it cannot be above this level, the rise trend may be interrupted.
If the sales pressure continues, the island may decrease to $ 0.85, then to 0.77 and even $ 0.70. However, if sales stops and investors maintain their positions, the island can turn the rise acceleration by turning the $ 1.01 into support level. The future of Cardano will depend on the decisions of whales and investors.
Critical decision moment for Cardano!
In the coming days for the island investors are of great importance. If whales stop sales and market confidence are re -provided, Cardano may initiate a strong rise movement. However, if investors’ cautious approach continues, the price may test lower levels. While the uncertainty in the market continues, the interest of investor seems to increase in order to exceed the island to exceed $ 1.
