Cardano Whale Activity Increases Amid Renewed Bullish Momentum, Potential Breakout Considered

Key Points

1. Cardano recorded over 137 million-dollar whale transactions in 24 hours, signaling renewed market optimism.

2. ADA's price surged approximately 75% from June lows near $0.50 to a 20-week high of $0.896, though it faced resistance and corrected to $0.816.

3. Technical analysis indicates ADA broke out of a bull flag pattern, with moving averages suggesting a potential 200% upside to $2.70.

4. Market sentiment remains bullish, with investors watching for catalysts to sustain ADA's momentum amid cautious optimism.

5. Despite the pullback, ADA remains up 15% on a weekly basis, highlighting strong recent performance.