Whales participation: Large investors have purchased over 130 million ADA tokens during the recent price dip. This not only reduces the circulating supply but also brings about scarcity in the market.

Price increase predictions: There are many predictions that ADA’s price could surpass 1.05 USD, with optimistic analysts projecting that ADA may target 5.0 USD or even 10.0 USD.

On-chain metrics improvement: On-chain metrics show positive development with a daily increase of 0.33% and a 7% rise in trading volume over the last 24 hours, resulting in profits for 66% of ADA holders.