Cardano recently retraced 8% but whale activity shows growing long-term optimism for ADA's prospects.
Market analysts suggest ADA could experience another bullish trend, with a short-term price target of $1.5.
ADA's large transactions surged by 297%, indicating heightened investor interest and growing market strength.
Despite the pullback, wallets holding over $10 million worth of ADA have increased their holdings by 145.72%, suggesting strong long-term confidence in the asset.