Cardano's price has seen a significant surge, with a 7% increase in the last 24 hours and a 17% gain over the past week. Trading volume has also risen by 25% in the past day. As the number of Cardano whales, or large holders, continues to grow, the market is closely watching whether the uptrend will strengthen or if a correction may be on the horizon. The Cardano Average Directional Index (ADX), which measures trend strength, has shown a gradual strengthening of the trend, indicating the potential for sustained upward price movement. The recent increase in whale numbers suggests renewed interest and accumulation by influential market participants, potentially shaping ADA's price. The bullish setup of Cardano's Exponential Moving Average (EMA) lines further reinforces the upward momentum. If the current uptrend persists, Cardano's price could test its first resistance level at $1.119, with $1.15 as the next target. However, the support at $1.03 is critical to maintaining the uptrend, as a break below this level could signal a reversal and a potential 17.9% correction.



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