Cardano whale transactions reach year high as ADA eyes breakout above $0.32

Cardano is drawing renewed attention, driven by a surge in large-holder activity and rising price volatility across the crypto market. ADA is trading near $0.25, with technical analysts highlighting a decisive price region between $0.31 and $0.32 as critical for confirming a sustained recovery. For now, buyers are focusing on defending support levels in the $0.22 to $0.25 range to keep upside targets intact. ADA has rebounded sharply from lows around $0.14-$0.15 and has re-entered a trend channel that acted as resistance until November 2024. However, Cardano does not yet show clear bullish dominance.

Source: CoinTurk News