The price of the digital currency Cardano (ADA) has fluctuated between $0.63 to $0.65 in the past 24 hours. Despite the price stability, analysts suggest a major move is imminent. Reports indicate that whales have sold 100 million ADA in the past week, causing concerns in the market. With a 0.73% increase in the last 24 hours, Cardano’s price reached $0.6449. In the weekly chart, the price has grown by approximately 11.5%, but in the last 30 days, it has experienced a 12% decline. Recently, Cardano has regained investors’ attention, especially after Charles Hoskinson, the project’s founder, announced potential collaborations and developments that could boost Cardano’s acceptance. Analyst Ali Martinez revealed that whales have sold over 100 million ADA, seen by some as a profit-taking strategy after the price surge from $0.51 on April 7. Currently, analysts have mixed opinions on the future price, with some predicting a drop to $0.54 if the $0.63 support breaks, while Trader Tardigrade forecasts the next price target at $0.73 if the current resistance is surpassed. Investors are eagerly awaiting Cardano’s definitive direction.
