Cardano whales start buying again as ADA price remains
ADA
0.7122
+2.43%
In a narrow range, Cardano rose by 15% in a week, maintaining the bullish structure despite decreased volume and early signs of consolidation near key price levels.
A slight increase in whale accumulation, indicating renewed interest from
Major holders and potential support for the ongoing bullish trend of ADA.
ADA is trading between $0.668 and $0.709; a breakout could drive it towards $0.77, while the risk of a collapse lies in a drop to $0.59. Cardano (ADA) has risen more than 15% in the past week, continuing to climb despite a 27% drop in trading volume over the past 24 hours. While momentum indicators and whale activity still lean bullish, signs of consolidation are appearing as ADA trades near key support and resistance levels.
Whether ADA breaks upward or retreats may depend on how it interacts with the critical range of $0.668–$0.709 in the coming days.
Has Cardano's rally lost 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
