$ADA becoming fundamentally stronger as on-chain data flashes green
is also showing bullish signs. The futures market is an essential barometer for gauging the overall sentiment surrounding a particular asset, as it reflects the expectations of traders regarding future price movements. With the current momentum leaning toward the bullish side, it is evident that traders have a positive outlook on ADA's future performance, which could, in turn, contribute to the asset's continued growth.
Additionally, larger holders, or"whales," have been accumulating ADA, with the number of coins in whale addresses climbing higher. This trend of accumulation is typically viewed as a bullish signal, as it demonstrates that the big players in the market have confidence in the asset's potential for growth. As these whales accumulate more ADA, it is likely that the asset's price will experience upward pressure, further reinforcing the uptrend.
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