Cardano (ADA) has witnessed a rollercoaster ride, experiencing a price surge and subsequent decline driven by major announcements and economic concerns.
Large investors accumulated 420 million ADA in 24 hours, indicating confidence despite market uncertainty.
ADA broke out of a falling wedge pattern, suggesting the possibility of a bullish reversal.
If support holds, potential price targets for ADA are $1.24 and $1.54.