Cardano (ADA) is in a critical phase as it attempts to maintain the $0.74 support level and pursue a move towards $0.90.
Whales have accumulated over 80 million ADA in the past 48 hours, indicating growing confidence among large players and potentially signaling a breakout.
ADA faces the $0.90 level as a near-term resistance, which needs to be overcome to reach higher targets and reignite broader altcoin enthusiasm.
The current consolidation phase near crucial support combined with increased whale activity suggests that Cardano might be on the cusp of a significant move that could lead to a potential rally across the altcoin sector.