The decentralized finance (DeFi) cryptocurrency Cardano (ADA) has seen an increase in whale activity, with large wallets accumulating over 100 million ADA in the past 24 hours. This accumulation suggests further price growth for ADA, potentially targeting the $1.50 resistance level. However, an analyst has warned of a potential ADA crash, citing a bearish reversal pattern on the chart. ADA's price movements are influenced by market sentiment, which has turned bullish due to factors such as speculation about Donald Trump's re-election. Additionally, on-chain developments, such as Cardano's layer-2 scaling solution Hydra, support ADA's momentum. While ADA's market sentiment is positive, technical indicators suggest a possible correction, with the asset being overbought and approaching a potential correction.



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