The Cardano (ADA) network has seen a surge in whale activity, with 687 transactions exceeding $1 million recorded in the past 24 hours. This indicates growing institutional or large investor interest and reflects confidence in a potential surge. The recent rebound in ADA price from $1, after a healthy retracement, suggests the possibility of a higher rally. The Bitcoin price breakout above $100k has also fueled recovery momentum in the altcoin market. However, a downsloping trendline in the 4-hour chart indicates a current correction trend until the dynamic resistance is broken.



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