TLDR
- Cardano (ADA) price jumped 10% as retail investors started buying again after whales sold off 4 million tokens
- ADA currently trades above $0.55 with key support at $0.50 and potential resistance targets at $0.70, $0.80, and $1.00
- Whales holding 1-10 million and 10-100 million ADA tokens accumulated 160 million tokens during the recent price dips
- Social dominance for Cardano rose from 0.18% to 1.29%, the highest level since late September, showing growing community interest
- Technical indicators including MACD and RSI show early bullish momentum with ADA rebounding from support at $0.49
Cardano price climbed 10% this week as retail investors returned to the market. ADA currently trades above $0.55 after defending the crucial $0.50 support level.
The rally comes after whales sold approximately 4 million ADA tokens earlier in the week. Despite this selling pressure, smaller investors stepped in to…
