$BNB

Cardano Price Eyes New Heights Amid Whale Activity, Chain Development Push

Whales purchased 40 million ADA coins in 48 hours, indicating strong accumulation during the recent price surge of Cardano.

The price of ADA jumped by 17% in one week, maintaining the golden cross since April 20 on strong technical momentum.

Open interest in ADA surpassed one billion dollars with rising short liquidations, confirming an increase in bullish market activity.

Crypto bulls have been active recently. Many altcoins have seen radical gains, including Cardano's ADA. The price of Cardano (ADA) has shown strong bullish signs, attracting the attention of investors across the market.

The price of ADA has risen over 17% in a week, while whales accumulated over 40 million ADA tokens within 48 hours.

At the same time, several technical indicators suggest the continuation of the upward movement. Furthermore, a new wave of development on the chain could drive further momentum in the coming days.

Rising Prices of Cardano (ADA) with Liquidations and Technical Signals

In April, there was a significant surge in long liquidations, with over 9.6 million dollars wiped out in just 12 hours. This marked a sharp decline in the price of ADA, causing losses for bullish traders.

Short liquidations also increased, albeit on a smaller scale. After this event,