虽然短期投资者活动增加，但整体市场仍保持乐观，平衡了潜在的抛售风险。然而，短期主导地位的增强凸显了一种需要密切关注的脆弱局面，因为这可能预示着市场已经见顶。The price of Cardano (ADA) has recently surged significantly, pushing its altcoin to a seven-month high.
However, maintaining these gains may be challenging due to market conditions indicating a possible shift in investor sentiment.
Cardano investors pose a threat.
In the past two weeks, short-term investors have dominated Cardano's market activities. These holders typically hold assets for less than a month and are more likely to sell during volatile periods. Their ADA holdings have increased from 14% to 18%, suggesting that selling pressure may arise soon. The increase in short-term activity may challenge ADA's ability to maintain current levels, especially with rising profit-taking momentum.
Although short-term investor activity has increased, the overall market remains optimistic, balancing the potential risks of selling. However, the enhanced dominance of short-term investors highlights a fragile situation that needs close monitoring, as this may indicate that the market has peaked.
Cardano is currently experiencing a macro-level shift, with its EMA forming a gold cross—a bullish indicator. The 50-day EMA crossing above the 200-day EMA marks the end of a six-month death cross. This is the first gold cross for Cardano in 12 months, signaling the potential for a long-term upward trend in the cryptocurrency.
Historically, this 'gold cross' is often associated with significant price increases. However, whether ADA can capitalize on this momentum will depend on broader market conditions and whether the recent surge can withstand changes in investor behavior.
ADA price prediction: gaining support
Cardano's price faces mixed signals, and at the time of writing, the trading price is $0.59. Although broader market signals remain bullish, short-term investor activity has raised concerns over potential selling pressure.
If the bullish momentum continues, ADA may rise to $0.62. A breakthrough at this level could pave the way for Cardano to reach a target of $0.66, further consolidating its position in the market.
Conversely, if it fails to hold above $0.59, ADA could fall to $0.54. A further drop below this level would invalidate the bullish outlook and could potentially drop the altcoin to $0.51, posing significant risks to its recovery.
