๐๐๐๐ซ๐๐๐ง๐จ (๐๐๐) ๐๐จ๐ข๐ฌ๐๐ ๐๐จ๐ซ ๐๐ซ๐๐๐ค๐จ๐ฎ๐ญ ๐๐ฆ๐ข๐๐ฌ๐ญ ๐๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐๐ก๐๐ฅ๐ ๐๐๐๐ฎ๐ฆ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐ฅ๐ฅ๐ฅ
Recent blockchain data highlights a surge in whale activity around Cardano (#ADA ), signaling renewed confidence in the token's potential. Over the past 48 hours, prominent investors have acquired nearly 100 million ADA, coinciding with a broader market rebound. This strategic buying pushed ADAโs price from $0.998 to $1.11, fueling optimism for a sustained rally.
Technical analysis reveals ADA is currently trading within a bullish pennant pattern on the 4-hour chart, suggesting a potential breakout toward the $1.50 mark if momentum persists. The tokenโs resilience was evident in its recovery from a recent low of $0.87, which now serves as a strong support level. Meanwhile, the #ChaikinMoney Flow (CMF) index remains near the neutral zone, indicating a balanced interplay of buying and selling pressures, further supporting ADAโs steady upward trajectory.
Transaction activity within the Cardano network has seen fluctuations, with large-scale transactions peaking at 5.62k in early December before dropping to 4.17k recently. While this decline reflects a cooling period, the ongoing whale accumulation underscores a calculated approach to increasing positions. The $1.10 resistance level remains a key hurdle, and a decisive breach could pave the way for ADA to target $1.50.
Overall, #Cardano โs price action appears stable, supported by robust liquidity and strategic accumulation by major holders. As the market consolidates, the next 24-48 hours will be critical in determining whether ADA can capitalize on its bullish formation and achieve higher milestones.