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Cardano whales shift strategies with 160 million ADA acquisitions and support levels

Whale activity reveals market sentiment change: MAJOR movements among Cardano whales show a strategic shift, with 160 million ADA tokens acquired at a low price point of 0.91 USD. Current trading at 1.03 USD highlights a 6.03% decline, yet trading volume remains strong at 1,600,000,000 USD.

Long-term holding trend emerging: Recent trends show significant ADA outflows from exchanges, indicating a growing preference for long-term holding among users. Billions of ADA are moving to external wallets, depicting increased user adoption and stable investment philosophy within the Cardano ecosystem.

Critical support levels influence future prices: Analysts emphasize the Fibonacci support level at 0.824 USD as vital for ADA’s value trajectory into 2025. Projections suggest price fluctuations between 0.83 and 1.88 USD, while optimistic estimates foresee potential highs around 2.55 USD.

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