Smart Money Index (SMI)
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Whales and Retail Back Cardano (ADA) Price Rebound Despite Bearish Signals
Yahoo Finance· 2025-10-11 19:38
Core Viewpoint - Cardano (ADA) has experienced a significant decline, dropping nearly 20% in the past 24 hours and 26.2% over the last 30 days, but is attempting a recovery with support from both whales and retail traders [1][2]. Group 1: Whale Activity - Cardano whales have increased their holdings from 13.06 billion ADA to 13.20 billion ADA, a gain of 0.14 billion ADA valued at approximately $89.6 million at the current price of $0.64 [2]. - This accumulation by whales began before the recent crash and has continued, indicating their expectation of stability or a rebound [3]. Group 2: Retail Trader Involvement - Retail traders are joining whales in purchasing ADA, contributing to the buying strength that may support a gradual price recovery [4]. Group 3: Technical Analysis and Risks - Despite the accumulation, three technical risks persist: the Smart Money Index (SMI) has sharply declined and remains weak, indicating a lack of professional trader confidence [5]. - The Relative Strength Index (RSI) shows no bullish divergence, with ADA's price making lower lows alongside the RSI, suggesting that momentum has not reversed [6]. - ADA is currently oversold at an RSI of 30, but the absence of divergence indicates a potentially slower rebound compared to other altcoins [7]. Group 4: Price Levels and Projections - Cardano is trading near $0.64, with a daily close above $0.68 potentially leading to a short-term recovery towards $0.76 and $0.89, while a drop below $0.61 could push the price down to $0.55 [8].
Aster Breaks Away From Market Gloom as Smart Money Piles In
Yahoo Finance· 2025-09-24 08:30
Core Insights - ASTER, the native coin of the Binance-backed decentralized exchange Aster, has gained 20% in the past 24 hours despite overall market sell-side pressure, indicating strong demand from investors [1] - The Smart Money Index (SMI) for ASTER has shown a steady increase since its launch on September 17, suggesting strong backing from key holders [2][3] - The Elder-Ray Index for ASTER is currently at 0.53, indicating more buying pressure than selling, which supports the bullish outlook for the altcoin [4][5] Market Analysis - ASTER is currently trading at $2.2011, just below a resistance level of $2.2194, with potential for breaking this barrier to reach new all-time highs [6] - If profit-taking occurs, there is a risk of the price falling towards $1.8601, which could invalidate the current bullish sentiment [7]