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Whale Accumulation Signals Potential Cardano Recovery Despite Price Struggles

  • Cardano's recovery potential is signaled by whale addresses accumulating 240 million ADA worth over $175 million in the past week.
  • Long-term holders of Cardano are showing conviction by refusing to sell their tokens despite market pressure.
  • For a confirmed recovery, Cardano's price needs to break the $0.77 resistance and target $0.85.
  • If the $0.77 resistance is not overcome, Cardano may consolidate above $0.70 support and face potential retests of lower support at $0.62.

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