Cardano Price Forecast – Whale activity may not boost ADA’s value immediately

Cardano’s price recently reached $0.694 before pulling back 4%. Despite whale holdings increasing, market sentiment is still weak, leading traders to be cautious about entering positions around the critical supply zone of $0.74.

Technical analysis shows that without a strong momentum shift, ADA’s rally may be limited. The current whale accumulation does not assure a price increase in the near term, particularly with indecision across the market.