Cardano $1,000,000 Transactions Suddenly Skyrocket, Big Move Coming?

Key Points

1. Whale activity on the Cardano network surged, with over 137 transactions exceeding $1 million each in the last 24 hours.

2. ADA's price recently neared $0.9, marking a 20-week high, though it faced resistance and saw a slight decline to $0.816 due to profit-taking.

3. Analysts note ADA broke out of a bull flag on the weekly chart, with a measured target of $2.70, indicating potential for further gains.

4. The increase in high-value transactions and bullish sentiment suggests growing interest from major investors (whales) in Cardano.

5. Despite short-term fluctuations, ADA remains up 15% over a recent period, reflecting strong market performance.