Cardano whales move 120M tokens – But ADA could rally ONLY IF…

Key Points

1. Cardano (ADA) posted a 3.64% gain, continuing a 7% rise over the past week.

2. Whale wallets holding 1M–10M ADA absorbed 120 million tokens (worth ~$71 million) in two weeks, signaling accumulation.

3. Investors withdrew $8.17 million worth of ADA from centralized exchanges, moving it into private wallets.

4. ADA traded at $0.5975, nearing the key resistance level of $0.6566, with the Parabolic SAR indicating bullish momentum.

5. A confirmed breakout above the triangle pattern's upper bound ($0.6566) is required to sustain the rally.