Cardano (ADA) has demonstrated impressive resilience, holding firmly above the critical $1.15 level since Monday despite an aggressive market shakeout triggered by Bitcoin’s volatility. While many cryptocurrencies struggled under selling pressure, ADA’s ability to maintain this support showcases its strength amid uncertain market conditions.
Top analyst Ali Martinez highlighted bullish signs for Cardano, sharing data that points to a significant increase in whale activity. This uptick in large transactions indicates growing interest from institutional investors and high-net-worth individuals, often a precursor to substantial price movements.
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As Bitcoin’s shakeout ripples across the market, ADA’s stability above $1.15 becomes a focal point for traders and investors. If Cardano can sustain this level, it could pave the way for a bullish continuation, potentially targeting new highs. Conversely, losing this support would signal increased downside risk and likely lead to a broader consolidation phase.
With ADA showing relative strength against broader market turbulence, all eyes are on its next move. Will increased whale activity and bullish sentiment drive Cardano to new heights, or will market uncertainty prevail? The coming days will be crucial in determining ADA’s direction and potential to outperform in a challenging market environment.
Big Players Keep Buying Cardano
Cardano has consistently set new highs and retraced to hold previous highs as support. This bullish behavior signals strong market confidence in ADA’s potential to deliver significant gains in the current cycle. Whale activity has been a key driver of this momentum, with large-scale holders of ADA significantly increasing their positions.
Analyst Ali Martinez shared data on X revealing that Cardano whales have accumulated over 100 million ADA in the last 24 hours alone, valued at approximately $115 million. This surge in accumulation is a highly bullish indicator, suggesting that influential investors are positioning themselves for further upside.
This activity coincides with increasing chatter about the arrival of an “alt-season,” a period when altcoins typically outperform Bitcoin and experience massive price rallies. Cardano’s solid fundamentals and growing…
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