$ADA – BULLISH MOMENTUM BUILDING AS WHALES ACCUMULATE AHEAD OF BREAKOUT
Cardano is showing strong signs of accumulation as whales continue buying dips between $0.61 and $0.66, indicating growing confidence in a potential upward breakout. After facing rejection near the $0.70 zone, which aligns with the 61.8% Fibonacci retracement, $ADA is now stabilizing with reduced selling pressure and improving momentum indicators. A decisive close above $0.70 would confirm a bullish breakout, potentially driving the price toward $0.78 and $0.84. On-chain data from Santiment and CryptoQuant highlight large inflows from whale wallets and growing dominance in spot and futures markets, reinforcing the bullish outlook.
Targets:
TP1: 0.72
TP2: 0.78
TP3: 0.84
Stop Loss:
0.61
