Cardano: Implications of increased whale outflows for ADA’s upcoming performance

The rise in ADA’s whale outflows hints at growing investor confidence, supported by the recent significant transfer of 37.5 million ADA. This movement reflects a strategic accumulation phase among major holders.

ADA’s current trading range between $0.60 and $0.62 signals strong buying interest. This trend, coupled with reduced circulating supply, indicates potential upward movement toward resistance levels at $0.70.

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