Cardano Whales Accumulated 410 Million ADA in April
Cardano is trading just below $0.75, consolidating after recent gains. The market sentiment is shifting as bulls regain control. Key points include:
- Whales accumulated over 410 million ADA in April, indicating strong confidence from large holders.
- Price action shows strength with increased volume and reduced selling pressure.
- A breakout above the $0.75–$0.80 range could target levels around $1.00 if market conditions remain favorable.
Currently, Cardano has gained over 40% since early April but faces resistance at $0.75. Support remains at $0.66, crucial for maintaining a bullish structure. A break above the 200-day moving average around $0.77 is needed to ignite further momentum.
Traders are monitoring the price and volume near the resistance zone for confirmation of the next move.
