Cardano's (ADA) price has surged 265% over the last 30 days, making it one of the largest gainers among the top 10 cryptocurrencies. However, whale accumulation, which drove confidence in November, has now stabilized, suggesting a cautious approach by major holders. The ADX (Average Directional Index) for ADA has dropped, indicating a weakening trend, although the price remains on an upward trajectory. The number of addresses holding between 10 million and 100 million ADA saw significant growth in November but has since stabilized, indicating that whales are maintaining their positions. This stability could result in a consolidative phase for ADA price. The price could climb higher if buying pressure strengthens, but a weakening trend could lead to support levels being retested or deeper corrections.



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