Cardano's native token, ADA, is showing signs of notable upside momentum as whales and investors show strong interest in the altcoin. Expert technical analysis suggests that if ADA breaks out of its recent consolidation and closes above the $1.25 level, it could potentially soar by 30% to reach $1.65 in the coming days. Additionally, on-chain analytics firm Coinglass reports a significant outflow of $121 million in ADA from exchanges to wallet addresses, indicating strong confidence and a potential buying opportunity. However, ADA's Relative Strength Index (RSI) suggests a potential price correction in the near future. Currently, ADA is trading around $1.18 with a 3.5% price decline in the last 24 hours.



Other News from Today