Cardano whales start buying again as ADA price remains in a tight range at $0.7795929729

$0.63846345249

Cardano rose by 15% in a week, maintaining the bullish structure despite a decrease in volume and early signs of consolidation near key price levels.

A slight increase in whale accumulation indicates renewed interest from large holders and potential support for ADA's ongoing bullish trend.

ADA is trading between $0.668 and $0.709; a breakout could push towards $0.77, while the risk of a breakdown lies at a drop to $0.59. Cardano (ADA) has risen over 15% in the past week, continuing to climb despite a 27% decrease in trading volume over the last 24 hours. While momentum indicators and whale activity still lean towards the bullish side, signs of consolidation are evident as ADA trades near key support and resistance levels.

Whether ADA will break upwards or pull back may depend on how it reacts to the critical range of $0.668–$0.709 in the coming days.

Has Cardano's rally lost its momentum, or is it just catching its breath?

Cardano's Average Directional Index (ADX) is currently at 30.17, slightly down from 32.76 yesterday after a sharp rise from 14.90 two days ago.