Cardano ($ADA ) just made a strong rebound from the $0.84 support, and traders are buzzing about whether this sets the stage for a fresh push to $1.
After pulling back from the $1 zone, ADA perfectly bounced at a key level, showing signs that buyers are stepping back in. Whatโs even more impressive? This marks the third higher low in its uptrend โ a classic bullish signal traders love to see.
โจ Technical Setup: Bulls Still in Control
The chart is telling a clear story. As long as ADA holds above $0.84, the uptrend remains intact. A breakout above $1 could trigger serious momentum. But if support fails, ADA could slide back toward $0.68.
For now, the bullish structure is alive and well โ and thatโs exactly why smart money is paying attention.
โจ Whales Load Up: 100M ADA Bought
While retail traders worried about the pullback, whales were busy stacking. Reports suggest theyโve scooped up nearly 100 million ADA tokens around the $0.84 level.
Thatโs a huge bet on the upside โ and whale accumulation like this is often a strong bullish signal. Big players donโt usually throw money around without a calculated plan. Buying near strong support gives them a clear entry and an easy stop-loss level.
โจ Retail Traders Join the Bullish Wave
Itโs not just whales. Data from Hyperliquid shows 79% of traders are long on ADA, with only 20% betting against it. When retail and institutional money line up in the same direction, it can create the perfect setup for a breakout.
With whale confidence, strong support, and bullish sentiment all aligning, Cardano ($ADA ) may be gearing up for another run to $1.
๐ Keep your eyes on the $0.84 support. If it holds, the bulls could have a fun ride ahead.
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