Whales have shown significant accumulation with 240 million ADA purchased at current prices, reflecting strong confidence in Cardano’s long-term value. This support from long-term holders can drive ADA towards breaking resistance levels.

Despite a 6% rise, ADA faces difficulty breaking the 0.77 USD resistance level. Continued support from investors is crucial for ADA to reach its next target of 0.85 USD, which is key for establishing a recovery rally.