🔥 Cardano Whales Increase $ADA by $204M, Will $0.70 Be the Next Target?

With the accumulation of major holders, $ADA is strengthening again. Whales and sharks have acquired 348M ADA (worth $204.3M) in only four days, indicating a fresh sense of optimism over Cardano's comeback.

As of this writing, ADA is trading at around $0.5788, staying above the important support level of $0.55. This week, the price has already increased 7%, and bulls are now targeting the $0.60–$0.70 level.

This action is taken as market optimism grows amid conjecture that the U.S. government shutdown may soon come to an end. Altcoins like Cardano may rise when Bitcoin approaches $105,000 due to increased liquidity and rekindled confidence.

Important Levels to Monitor:

Resistance: $0.60, $0.65, and $0.70
Support: $0.55 and $0.50
(Neutral, space to increase) - RSI: 56.8
The MACD is showing a bullish crossing.

Nowadays, whales account for over 1% of the whole supply, and their consistent growth indicates long-term conviction. A robust purchasing wave might support a long-term advance toward $0.70 and higher if ADA breaks over $0.60.