Whales have accumulated 230 million ADA worth 150 million USD within 72 hours, showing optimism for Cardano’s price recovery. Current trading above 0.62 USD indicates potential for further gains.
ADA must breach the 0.70 USD level to trigger a possible short squeeze. If this level is surpassed, it could lead to upward momentum for Cardano, while failure may result in a drop to 0.58 USD.
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