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Cardano Price Forecast: ADA steadies as holders drive bullish momentum
Cardano (ADA) price steadies around $0.43 at the time of writing on Tuesday after rallying nearly 4% the previous day. Growing accumulation among holders and strengthening derivatives signals bullish sentiment, positioning ADA for a potential move toward the next key resistance zone. Santiment’s Supply Distribution data supports a bullish outlook for Cardano, as certain whale wallets are accumulating ADA tokens. The metric indicates that whales holding between 10 million and 100 million ADA tokens (blue line) have accumulated 160 million tokens since December 2. During the same period, wallets holding between 1 ... (full story)
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