Cardano (ADA) is currently in a consolidation phase following a remarkable rally, trading sideways between $0.65 and $0.85.
Recent whale activity shows over 180 million ADA bought in the last week, indicating growing confidence and potential upcoming price rallies.
ADA is consolidating near the 100-day moving average, facing resistance that could lead to a breakout, with key support at $0.70.
Staying alert to breakout signals will be key for traders looking to capitalize on the potential upside in Cardano’s price as it approaches a crucial point.