Cardano (ADA) surged 13% over the past week, reaching a monthly peak around $0.19. Whales accumulated over 240 million tokens in just five days, fueling this rebound. One analyst targets $2.90, representing a potential 1,300% gain from current levels. The breakout above a long-term descending trendline and a 9% rise in TVL to nearly $68 million support this positive momentum. The RSI at 65 remains close to overbought territory, signaling a potential short-term correction risk.
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