The price of Cardano (ADA) has been range-bound between $0.96 and $1.02. However, on-chain data shows that large investors have become interested in buying ADA, as the coin's Market Value to Realized Value (MVRV) ratio suggests that it may be undervalued. ADA whales have accumulated $140 million worth of the coin in the past seven days, indicating increased confidence in its prospects. If this accumulation trend continues, ADA's price could rally above $1.02 and potentially reach $1.08. However, if whales reduce their accumulation and selling increases, ADA could fall below its support level at $0.96 to trade at $0.94.



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