Cardano whales buy 240M ADA – Is it enough to fuel a $0.20 breakout?

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Cardano whales accumulated over 240 million ADA tokens over the past five days, fueling a 22% rally in the token. ADA climbed 8.74% in 24 hours, breaking above key resistance at $0.1812 and trading around $0.1860 at press time. The Altcoin Season Index rose to 55, indicating that capital is rotating from Bitcoin to high-beta altcoins. Futures trading volume jumped 61.06% to $639.62 million, while Open Interest climbed 13.91% to $485.58 million, confirming genuine buying interest. Holding the $0.1812 support level would be critical for ADA to target the $0.2000 resistance.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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