Cardano (ADA) has rallied by more than 120% in November, reaching its highest price since May 2022 at $0.97.Cardano whale holdings have increased by over 250% in the past month, signaling a bullish sentiment.Retail traders hold a significant amount of ADA, and their volumes are crucial for supporting a price recovery.Short sellers of Cardano have witnessed a significant liquidation surge, adding more buying pressure on ADA.