Increased capital inflows into Cardano show a resurgence in investor interest. The top 100 ADA addresses are driving this trend, as they accumulated approximately 66 million USD recently.
The market indicates a bullish trend for ADA, with 52.34 billion ADA traded in the last 24 hours. The total value locked in Cardano protocols has reached 352 million USD, underlining a long-term investor confidence.
For ADA to reach 1.00 USD, it must breach key resistance levels at 0.8365 USD and 0.9373 USD. Continued accumulation suggests a positive outlook, keeping the price target achievable.
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