Cardano (ADA) is showing signs of regaining bullish momentum after a recent correction, with potential targets pointing towards the $1 mark and beyond.
Analyst Arman Shaban's technical analysis on TradingView indicates that ADA's price structure looks bullish, with potential upside targets at $0.75, $0.81, $0.93, and ultimately $1.05.
Whales have been accumulating ADA tokens amidst the recent price decline, with over 410 million ADA tokens purchased in April alone, signaling strong investor conviction in Cardano's long-term prospects.
Despite current market trends and volatility, technical indicators suggest increasing investor optimism for Cardano, with a focus on key support levels at $0.65 and $0.75 for potential continued upward momentum.