Cardano (ADA) has seen significant activity in the past 48 hours, with whales buying over 20 million ADA. The reason behind these moves is unclear, but progress on Cardano's decentralized governance framework and the upcoming Plomin hard fork governance action may have boosted investor sentiment. With expectations for a price surge and ADA trading below $1, whales may see this as an opportunity to accumulate at a discount. The broader cryptocurrency market has been showing signs of recovery, and if ADA advances beyond key levels, it could aim for $1 and begin a fresh uptrend. However, if the ADA price falls below $0.76, it may signal a downward move towards $0.50.



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