Cardano’s native token (ADA) has risen by 8% over the past week, trading around $0.17. Whales have accumulated 25.6 billion tokens, representing nearly 70% of the circulating supply, the highest level since February 2023. The RSI indicator currently stands at around 28, signaling oversold conditions favorable for a technical rebound. However, exchange inflows have surpassed outflows, increasing short-term selling pressure. Analysts project price targets ranging from $0.219 to $5 depending on bullish scenarios.
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