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.