Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours
Cardano (ADA) is currently testing the $0.74 support zone while aiming for a move toward $0.90. The cryptocurrency has gained over 68% since April, indicating a recovery, but must defend current levels for continuation. On-chain data shows whales have accumulated over 80 million ADA in the past 48 hours, suggesting increased confidence among large investors and potential for a breakout. The $0.90 level serves as near-term resistance, and reclaiming it is crucial for higher targets. ADA remains 43% below its December 2024 highs of $1.32, reflecting cautious optimism amid market fear and macroeconomic uncertainty. Consolidation above $0.74 may precede a sharp price move, with whale activity potentially catalyzing further upside. Market observers are watching for signs of continuation as ADA approaches critical support and resistance levels.
