Cardano’s Price Steady at $0.60, as Whales Fuel Accumulation

Cardano (ADA) price has stabilized around the $0.60 mark despite facing resistance levels at $0.62 and $0.66. A recent surge in activity from whales is fueling speculation about potential price reversal. 70 million ADA tokens were accumulated by large investors within a 48-hour period, marking their highest holdings in five months. This accumulation coincides with a weakening of bearish momentum as indicated by the MACD indicator.