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#Crypto Market Rebounds #ADAUSD
The local low was updated again, the price dropped to $0.512, after which it reversed and confidently rose to $0.746. The doji did not let it go higher, but a pennant with a hammer is forming next. We are waiting for movement to $0.8 and above.
The average directional index (ADX) is at 30.17. This is slightly higher than yesterday (32.76), but higher than two days ago (14.90). Despite the slight decrease in ADX, ADA remains in a steady upward trend. The number of addresses of large Cardano holders — wallets holding from 1 million to 10 million ADA — has slightly increased to 2,408. Whales continue to accumulate Ada.
There was a previous release, Cardano introduced Reeve, an initiative that will be launched in the second quarter of 2025, by June 30. The Cardano Foundation is partnering with PUC-RIO, one of the leading research and developing universities in Brazil. There was also participation in a couple of conferences, in Paris and Mountain View.