Cardano (ADA) has seen a 4.7% decline in the past 24 hours, but its long-term recovery is highlighted by a 41.7% increase over the past year. Santiment has reported that ADA's market capitalization has risen by 11% despite the short-term decline, attributing this to the accumulation activity of large ADA holders. These wallets have steadily accumulated 1.41 billion ADA since November 2023, reinforcing confidence among institutional investors and whales. IntoTheBlock data shows a preference for long-term holding strategies, with ADA holders increasing their positions. Analysts suggest that ADA has potential to replicate XRP's recent price action, with key Fibonacci retracement levels indicating possible support and price targets.



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