Cardano (ADA) has shown signs of recovery, with a price increase of over 4% in the past 24 hours and more than 15% for the week. This follows a 24% loss over the past 30 days. The cryptocurrency's market cap is now at $29 billion, and trading volume has surged by over 100% in the last day. Despite the rebound, whale activity remains stable, suggesting that large holders are not aggressively accumulating ADA yet. The ADX (Average Directional Index) has risen, indicating a strengthening trend and potential shift from a downtrend to an uptrend. The number of Cardano whales has remained stable, suggesting a consolidation phase. The short-term moving averages and a potential golden cross indicate potential bullish momentum, with resistance levels at $0.90 and $0.98. On the downside, ADA could retest support at $0.65 and potentially decline further to $0.50.



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