The native token of the Cardano blockchain, ADA, is gaining attention from crypto giants as whale activity on the Cardano network has surged. In the past 24 hours, there were 687 transactions worth more than $1 million each, suggesting potential upside momentum and a potential price rally on the horizon. However, ADA is currently experiencing price consolidation and is trading within a tight range. Technical analysis suggests that if ADA breaks above $1.14, the bearish pattern would be invalidated, potentially leading to a 43% increase in price. Conversely, if ADA breaks below $1, the bearish pattern would be confirmed, potentially leading to a 24% price decline. ADA's current RSI level suggests there is room for upward movement, and despite a recent 2.7% price decline, trading volume has increased, indicating rising interest in the asset.



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