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Cardano Whales Re-Enter at $0.91 – Can ADA Target $1.30 Next?
Whale activity has played a crucial role in shaping the market dynamics of Cardano (ADA) recently, and it appears that these entities have once again re-entered the market at $0.91. This sudden accumulation could be a strong indication that whales believe the cryptocurrency is undervalued and are looking to take advantage of the current price levels.
Historically, such buying behavior by “smart money” has preceded significant price recoveries in ADA. The fact that Cardano whales have re-entered at this level suggests that they see immense potential for growth moving forward.
Cardano’s ability to maintain momentum above $1 will be crucial in determining its trajectory. A decisive close above this threshold could pave the way for a rally towards $1.30-$1.35, driven by both whale accumulation and growing bullish sentiment.
If ADA fails to break above $1.20, it may result in a pullback to around $0.90 or lower, especially if broader market sentiment weakens.
Source: ambcrypto.com
