Cardano Whale Activity Increases with 80 Million ADA Accumulated
- Cardano (ADA) is holding the $0.74 support zone as bulls aim for a move toward $0.90.
- ADA has risen over 68% since its April lows, indicating signs of recovery.
- Whales have accumulated over 80 million ADA in the past 48 hours, suggesting increased confidence among large investors.
- The $0.90 level serves as near-term resistance, crucial for unlocking higher targets.
- ADA remains 43% below its December highs of $1.32, reflecting cautious optimism in the market.
Cardano’s current trading around $0.74 marks a critical support zone, with recent whale accumulation of over 80 million ADA indicating potential for a breakout if bulls can surpass the $0.90 resistance level.
Source (2.6)https://www.newsbtc.com/news/cardano/cardano-whale-activity-spikes-80-million-ada-added-in-48-hours/?rand=52377