Cardano (ADA) Rebounds 2.2% to $0.70 as Whales Accumulate 200M Tokens Ahead of Berlin Summit

Cardano (ADA) edged higher to $0.70 (+2.2%) on Wednesday as on-chain data showed large holders buying the ￰0￱ Reading: Why This Resistance Could Trigger Another XRP Price Crash Soon Whale and mid-tier wallets snapped up roughly 200 million ADA over 48 hours, about $140 million at recent prices, after last week’s volatility knocked the market ￰1￱ build-up comes as the project readies the Cardano Summit in Berlin (Nov. 12–13), adding a fresh narrative tailwind into Q4. ADA's price trends to the downside on the daily chart.). Above that, chart watchers flag $0.86 as a major resistance repeatedly capping rallies; a breakout there exposes $1.01 and $1.12 as subsequent targets, aligning with an ascending-channel upper bound on higher time ￰2￱ Reading: Bitcoin Price Crash Below $100,000 Coming?

Factors That Highlight Another Decline On the downside, $0.61 remains the must-hold support; a daily close below would risk a deeper revisit toward $0.50–$0.60 and delay any trend resumption. A decisive push through $0.73, and especially $0.86, would strengthen the case for a broader recovery leg, while failure to hold $0.61 puts ADA back in ￰3￱ image from ChatGPT, ADAUSD chart from Tradingview