🐋 Whales Fuel $ADA Comeback — Cardano Rebounds with Strength
After testing key support, Cardano (ADA) is back in the green — and whales are making big moves. 🚀
🔎 Santiment data reveals:
• Whales holding 10M–100M ADA scooped up 130M tokens between Tuesday and Thursday.
• Meanwhile, mid-tier wallets trimmed holdings, signaling a shift in supply power.
📊 Derivatives backing the rally:
• Funding rates flipped positive ➝ more traders betting on upside.
• Longs now paying shorts (0.0072%) — sentiment leaning bullish.
📌 Price action:
• ADA reclaimed support at $0.84 after Monday’s dip.
• Trading around $0.88 Thursday, eyeing the big $1 psychological level.
• Support remains at $0.84 if another retest comes.
✨ Takeaway:
With whales loading up and derivatives tilting bullish, ADA’s comeback narrative is gaining momentum. Could $1 be the next stop? 👀