🐳Cardano whales are on the move: Is ADA price ready to pump further?

Key points: ADA Whale has been buying crazily recently, indicating that the price may pump in the short term.
The rise of the network and the increase in large transactions support the pump of ADA, and currently 66% of investors have achieved profits, while a few months ago this ratio was 87.6%.

🔝How high can ADA go?
Cardano's ADA has pumped 180% in the past month, breaking through $1 at one point and currently hovering around $1. According to some analysts and developments, the asset may experience even more impressive pumps in the near future.
One factor driving this pump trend is Whale activity. Popular user Ali Martinez claimed that during the recent price drop, large investors bought over 130 million Tokens (worth about 130 million US dollars).

This measure reduces the available currency on the open market, creating currency scarcity and potentially pushing up valuations (assuming demand remains unchanged or rises).
In addition, the behavior of Whales may be interpreted by smaller participants as a sign of confidence, prompting them to join the ecosystem.

✨User X Sssebi speculates that ADA may "form a head and shoulders pattern," with the price possibly rising to above 1.05 dollars as early as this week.
Jake Gagain and Dan Gambardello are more optimistic. The former promises that if ADA fails to break $5 during this Bull Market cycle, he will delete his X account.
Gambardello describes the current $1 price as a 'consolidation and redistribution' zone. He predicts, 'After this phase, Cardano can focus on $5 and $10.'

📈bullish indicator
Some important on-chain indicators also indicate an upcoming Rebound. According to data from IntoTheBlock, the net on-chain rise (a momentum signal that can reflect the real rise situation of the underlying Token network) pumps 0.33% daily.
Large transactions (transactions exceeding $100,000) are also increasing, rising nearly 7% in the past 24 hours.

Meanwhile, the recent price increase of ADA has benefited many investors. Currently, about 66% of holders have realized certain paper profits, and only 27% of holders are still at a loss.
In early August this year, the situation worsened and almost no ADA holders were profitable. At the same time, 87.6% of people are in a loss state.
(tv-CryptoPotato)