🔵 Cardano’s $1M+ Transactions Surge: Is a Major Breakout Looming?

Cardano ($ADA ), the 10th-largest cryptocurrency by market cap, is seeing a dramatic spike in high-value transactions, with whales making bold moves.

Crypto analyst Ali reports over 137 transactions exceeding $1M in the last 24 hours, a clear sign that big players are ramping up activity.

This whale frenzy aligns with $ADA’s bullish surge. From a June low of $0.50, the price has soared 75%, hitting a 20-week peak of $0.896 before a slight 2.7% dip to $0.816 amid profit-taking. Still, $ADA is up 15% weekly, showing strong momentum.

🔹 Breakout on the Horizon?

Analysts note $ADA has broken out of a bull flag pattern on the weekly chart, now holding above the 50-day and 200-day SMAs, which have flipped to support. The pattern’s target? A staggering $2.70, implying over 200% upside from current levels.

While whale activity often signals accumulation, it can also hint at distribution. Either way, this surge in million-dollar transactions suggests ada could be gearing up for a massive move.

Stay sharp—something big may be coming for Cardano!

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