Cardano Price Soars 17%, Eyes $5 Resistance

Cardano’s price has witnessed a remarkable surge, climbing over 17% in the past week and currently trading at around $0.7093. This impressive growth is fueled by growing investor interest, evidenced by a surge in trading volume of over 65%. Onchain data from Santiment further supports this trend, showcasing increased whale accumulation. Whales holding between 100,000 and 100 million ADA have been steadily increasing their holdings since April 14th. 100,000 to 100 million ADA represents a considerable amount of investment.