ADA Bulls Fight Back: Whale Accumulation Supports Cardano’s Breakout Attempt
- ADA gains 14% weekly and holds above the 50-day EMA near $0.180.
- Large holders accumulated 110 million ADA, supporting the ongoing recovery.
- Clearing $0.236 could strengthen momentum toward $0.30, while $0.138 remains downside risk.
Cardano — ADA, has regained attention after delivering strong gains over recent sessions. ADA now trades near $0.196 after rising about 14% weekly. Buyers have also pushed the token above a key 50-day EMA. Whale accumulation adds another positive signal for the current recovery. However, ADA still faces several resistance levels before confirming a larger breakout. The coming sessions could show whether bulls can maintain control and extend the latest rally.
Whales Accumulate ADA as Bulls Push Higher
ADA remains far below the previous record near $3.10. The token currently sits around 94% below that peak. However, short-term momentum has improved significantly during the latest recovery. ADA trades above the 50-day EMA near $0.180. Holding this level could strengthen the current bullish structure. One analyst believes ADA has broken above a long-term descending channel. The breakout initially delivered a gain of roughly 13%.
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