Cardano whales, holding between 100 million and 1 billion ADA, have accumulated 190 million ADA recently, indicating heightened confidence in the asset. This increase in holdings decreases market supply, potentially elevating ADA’s price if demand remains stable.

Currently trading at 0.72 USD, ADA is seeing positive trends in buying pressure. Indicators like the Chaikin Money Flow suggest a move towards increased buying momentum, with possible targets of 0.82 USD if this trend continues.