ADA Price Analysis: A Potential Rebound to $0.50 as Whale Activity Boosts Sentiment

Cardano (ADA) has seen a significant price surge this week, reaching nearly 7% gains and trading around $0.43. The rise is fueled by increasing whale activity, particularly in both spot and futures markets. ADA’s current trading range between $0.62 and $0.69 remains tight, with resistance near $0.69 and support near $0.62 and $0.4219. While the token continues to struggle within this narrow band, there are signs of renewed strength.