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Coin Edition 2025-05-29 21:30:00

Cardano Eyes Breakout as Whales Buy 180M ADA, SEC ETF Verdict Looms

Whale accumulation of 180M ADA signals strong investor confidence in Cardano’s future. ADA faces resistance at $0.82 as community backing and whale activity intensify. SEC ruling on spot ADA ETF could determine next major price move for Cardano. Cardano (ADA) has grabbed the spotlight following an impressive surge in whale accumulation, paired with renewed community backing and an approaching regulatory decision. Over the past week, large-scale investors commonly referred to as whales have amassed over 180 million ADA, signaling increased confidence in the asset’s future trajectory. Whales Signal Confidence with Strategic Accumulation Crypto analyst Ali Martinez reported that whales holding between 10 million and 100 million ADA significantly increased their holdings over the past seven days. This surge in accumulation occurred as ADA’s price climbed from around $0.67 to $0.75, reflecting growing optimism among large holders. The influx of whale activity is seen as a strong bullish indicator, especially since similar trends have historically coincided with price uptrends. Martinez highlighted that the $0.82 level poses a significant resistance, while… The post Cardano Eyes Breakout as Whales Buy 180M ADA, SEC ETF Verdict Looms appeared first on Coin Edition .

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