Bitcoin Eyes Pullback, While Whales Load Up on Cardano and Ethereum Clears Key Resistance
By: coindoo|2025/05/11 16:45:05
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Here’s a summary of the most recent insights.Bitcoin Flashing Sell Signal on 12H ChartBitcoin may be heading for a short-term pullback, according to the TD Sequential indicator on the 12-hour chart. The tool has triggered a sell signal following BTC’s impressive run-up past $103,000.Current price: ~$103,662Resistance zone: $106,000 (previously cited as key breakout level)Short-term caution advised for traders looking to enter at current levelsCardano Whales Buy 40M ADA in 48 HoursIn a clear sign of confidence, whales have accumulated over 40 million ADA in just the past 48 hours. The chart shows a sharp uptick in holdings among wallets containing 100M–1B ADA coins, correlating with ADA’s recent price breakout.Strong accumulation supports potential continuation of upward momentumSuggests bullish positioning ahead of further ecosystem developments or upgradesEthereum Clears Key Resistance, Ignites Bullish OutlookEthereum has successfully moved above its $2,380 supply barrier, a zone that previously acted as heavy resistance. As a result, analysts now see a new bull rally forming.A chart from May 8 shows this resistance zone was backed by over 12.7M addresses holding ETHClearing this level increases the likelihood of a momentum-driven run to higher targetsAli reaffirmed this breakout in a follow-up post:“#Ethereum $ETH moved past resistance. Send it! ” .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: 4 Reasons Why an Official U.S.-China Trade Deal Could Be Great for the Crypto Market ConclusionWhile Bitcoin shows potential short-term cooling signs, the broader altcoin space—especially ETH and ADA—is gaining strength, supported by both technical breakouts and whale accumulation. Traders are advised to watch for volatility near BTC’s resistance while considering altcoin setups with bullish momentum.The post Bitcoin Eyes Pullback, While Whales Load Up on Cardano and Ethereum Clears Key Resistance appeared first on Coindoo.
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