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Cardano Whales Accumulated 410 Million ADA In April – Breakout Coming?

  • Cardano is trading just below the $0.75 mark, showing signs of a potential breakout with bullish sentiment and on-chain whale accumulation of over 410 million ADA in April.
  • ADA has gained over 40% since early April, consolidating below $0.75 and aiming for a sustained rally if it breaks above key resistance levels.
  • Whales' accumulation signals growing confidence in ADA, with institutional interest potentially driving its next uptrend alongside the broader crypto market.
  • ADA's current support at $0.66 is crucial for maintaining bullish momentum, with a breakout above the $0.77 200-day MA needed to spark fresh buying activity.

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