Cardano Whales Accumulate 180M ADA—Is a Major Rally Ahead?
Cardano (ADA) has seen a surge in whale accumulation, with large investors purchasing 180 million ADA in recent days.
Despite recent market volatility, this buying activity suggests strong confidence in ADA’s long-term potential.
At press time, ADA is trading at $0.7320, up 1.77%, bouncing off key support at $0.6695. The rebound from this level aligns with previous accumulation patterns that have historically led to significant price movements.
Analysts See Historical Parallels to Past Rallies
Crypto analysts highlight that ADA’s price structure mirrors previous bull market cycles. In the past, significant retracements led to strong rallies:
https://twitter.com/angrycryptoshow/status/1899246818191360192
In a previous cycle, ADA retraced 52% before surging 4,000%.
Currently, ADA has retraced 47%, consolidating for five weeks.
A breakout above $0.7734 could confirm a bullish reversal.
Traders are watching the $0.7926 resistance closely, as a break above this level could set the stage for further upside toward $0.9101.
Will Cardano’s Price Surge Again?
Market sentiment remains cautiously optimistic, with several factors influencing ADA’s next move:
https://twitter.com/thabit187/status/1899336020383920504
Institutional Buying: Large ADA purchases reflect confidence in its long-term growth.
Technical Levels: Holding above $0.6695 could support a continued uptrend.
Resistance Ahead: A break above $0.7926 could trigger a rally toward $0.9101.
With whale accumulation at its highest in months, all eyes are on whether ADA can maintain momentum and confirm a breakout.
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