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Cardano (ADA) Price Bounces Back: Will it Reclaim $0.35 Amid Whale Activity?

Cardano's (ADA) price hit a two-year low of $0.23 due to SEC court filings, but has since recovered by 20% to approach $0.28. On-chain data shows that ADA's price is flashing green signals for an imminent recovery, and whale investors are betting big on ADA again.

Long-term investors are holding out for more gains, with 54% of the total Cardano in circulation controlled by them. The recovery could potentially push ADA towards $0.35, but it must first clear the initial resistance at $0.30.

Cardano Cardano $1.00
+3.23%
Cardano ADA Recovery
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