Cardano's ADA token experienced a 4.7% decline over the past 24 hours, trading around $0.64. The cryptocurrency is forming a symmetrical triangle pattern, with resistance at $0.73. A breakout could see ADA targeting between $0.86 and $1.12, while a drop below $0.61 might push it down to $0.50.
In the past three days, whale investors have accumulated 140 million ADA tokens, indicating rising institutional interest. ADA's inclusion in the S&P Digital Markets 50 index and a daily trading volume surpassing $1 billion highlight its growing market presence. The network now boasts 2.5 million active addresses, although analysts caution that regulatory changes could affect the volatile crypto market.
Cardano's ADA Falls 4.7% as Whales Accumulate 140 Million Tokens
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