Cardano ($ADA ) Eyes Breakout as Whales Accumulate 📈🐋🔥

📊 ADA trades at $0.7283, up 0.37%, with volume at $866M. Price is holding above the 200-day EMA and consolidating between the 20- and 50-day EMAs—hinting at a pre-breakout setup.

📉 A 7-month falling wedge broke out in July. The recent pullback looks like a reload phase, with bulls likely preparing for the next parabolic move.

📈 Since April, ADA has formed an ascending channel. July’s $0.92 peak hit resistance; the current pullback to the lower channel may offer a strong reaccumulation zone. Reclaiming momentum could target $1+ next.

🐳 On-chain data shows whales holding 100M–1B ADA are accumulating, even as mid-sized holders sell. Retail activity is also rising across 1H, 24H, and 7D metrics—supporting long-term bullish momentum.