In November, Cardano (ADA) experienced a significant rise, increasing by 211% over the past 30 days. This surge in price was driven by factors such as increased whale activity and positive market sentiment. Whales holding large amounts of ADA have been accumulating more positions, and the volume of large transactions on the Cardano network has exceeded $22 billion per day. The broader cryptocurrency market also experienced a bull run, which positively impacted altcoins like Cardano. However, at the time of writing, ADA had dropped 11.26% in the last 24 hours due to profit-taking. Despite the drop, ADA remains 36% higher weekly. The price level of $1 plays an important role, with ADA needing to stay above $0.80 to maintain support and potentially move back up to $1.25. If the price falls below $0.80, it may trigger a drop to $0.63.



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