ADA: SecondFi Recovery Fund Flow Visualized
ADA recovery fund addr1qyvvn9e9ulvzw2nvgkwraxwrla4a28l7gmduk7jru2rw9kdxkls8aczwgg8u44nj87uaq50rgcjulcxtzv9q8j0g2lss9kv2ss tracks 16M ADA from SecondFi drains with EMURGO backing.
SourceAnalysis
ADA fund flow visualization from @ItsDave_ADA maps the SecondFi recovery address addr1qyvvn9e9ulvzw2nvgkwraxwrla4a28l7gmduk7jru2rw9kdxkls8aczwgg8u44nj87uaq50rgcjulcxtzv9q8j0g2lss9kv2ss set up by EMURGO to return assets lost in four wallet drains totaling ~16M ADA.
With price at $0.19 testing upper Bollinger resistance at $0.2 while RSI flashes overbought at 71.32 and MACD shows a death cross, a healthy retracement to the 50-EMA support at $0.17 seems probable before further continuation amid the ongoing ADA price prediction debate and broader crypto market crash concerns that also touch AI industry impact narratives.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.