Cardano (ADA) has experienced a significant increase in netflows this week, indicating accumulation by large players or whales. While this surge in netflows does not guarantee an immediate price increase, it may reflect rising demand and potentially lead to higher prices if the trend continues. ADA is currently down 3.2% in the last 24 hours to $0.344. Traders are looking for signs of a breakout from ADA's prolonged consolidation phase, with key resistance levels at $0.354 and $0.40. Maintaining support levels at $0.27 and $0.3 will be crucial to prevent further declines. If ADA can break above these resistance levels, it may trigger increased buying activity.



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