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Cardano’s (ADA) bulls have entered a critical moment, as they fight to keep the support level of $0.74 and create momentum towards $0.90. ADA, which has gained over 68% in the past four months, is showing signs of recovery. But it still needs to hold its current price levels if they want to continue. The price is testing a demand zone which previously led to significant gains.
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Santiment’s on-chain data confirms the positive sentiment. Whales have accumulated 80,000,000 ADA over the past 48 hour. The surge of large-scale purchases indicates a growing level of confidence by big players. This could be the catalyst for a market breakout. The whales are often the ones who lead market movements, so their renewed interest may signal a long-term rally.
To unlock the higher levels, it is necessary to reclaim this $0.90 threshold. Coming days will be crucial for ADA price. If bulls manage to flip this level, the next leg up could bring Cardano back into the spotlight—possibly reigniting broader altcoin enthusiasm In the process.
Buyers push for Breakout after Whale Accumulation
Despite the impressive rise, ADA still remains around 43% under its highs in December 2024 of $1.32. This difference highlights the cautious confidence that is dominating the altcoin scene. Although bulls are slowly regaining the upper hand, macroeconomic insecurity and overall market fears continue to put pressure on altcoins. Many of these coins are still struggling through important resistance levels.
ADA has been consolidating at the level of $0.74, forming a foundation that may lead to a breakout. Market structure is tightening, and the next move—upward or downward- will likely be sharp. The breakout would be confirmed by a decisive move above $0.90. Retail and institutional investors will likely renew their interest.
This narrative fuels the fire of the debate fresh data Ali Martinez is a top analyst who has reported that whales purchased 80,000,000 ADA during the last 48-hours. This massive accumulation indicates a growing confidence in the big players. It could also act as an accelerator for future gains. The whales’ activity usually precedes a strong move in the price, and the current development suggests that ADA is on the cusp of a big one.
Market watchers closely monitor for any signs of continuation as ADA consolidates close to critical support, and whale interest increases. Cardano may quickly move from consolidation to full-scale rallies if the bulls keep up momentum and overcome resistance.
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Cardano Holds Crucial Support As Bulls Aim For Recovery
Cardano’s price is now around $0.74. After failing to rise above $0.80, the coin has tested a critical support zone. On the chart, ADA reached local highs of $0.90 in early May, but after that, it has retraced. The price is currently consolidating near its 200-day EMA ($0.71). This level could act as dynamic support for the next movement.
The price chart suggests that ADA is entering a crucial phase. The token may be subject to a further retracement in the direction of previous consolidation areas if it breaks down below the EMA. On the other hand, reclaiming $0.80 would invalidate the bearish scenario and signal a potential push toward $0.90 and eventually $1.00—an area that marks strong historical resistance.
The volume has decreased slightly since the pullback. This suggests that the retracement is more driven by panic than profit taking. Watch the 200 SMA at $0.80 to see if bullish momentum continues.
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If bulls defend current levels and create renewed buying momentum ADA could continue its upward trend. It would also break through the current range.
Chart from TradingView, Featured Image from Dall E
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Source: www.newsbtc.com
