Cardano's price has experienced a 15% rally in the past week due to increased accumulation from large investors, known as "whales." This has allowed ADA to outperform leading cryptocurrencies like BTC and ETH, which have remained range-bound. Data shows that ADA whales have collectively bought 60 million ADA, worth over $58 million, in the past week. This accumulation by whales is seen as a bullish signal, indicating strong market confidence and potentially encouraging retail investors to follow suit. On-chain data suggests that this accumulation is due to ADA's current undervaluation, as indicated by its negative Market Value to Realized Value ratio. If the whales continue accumulating, it is expected that ADA will maintain its support level and potentially surpass $1. However, if the support level is not defended, ADA's price could decline to $0.85.



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