Cardano (ADA) price is currently consolidating near the $0.67 level, following significant accumulation by large investors. This consolidation follows substantial buying activity and a wave of liquidations impacting both long and short traders. 410 million ADA tokens worth $283 million were accumulated in April by whales, suggesting strategic positioning. Analysts suggest this quiet buying may precede a defined trend. 📈 🐳 The symmetrical triangle pattern on the 4-hour timeframe indicates potential breakout near May 8–9. While currently trading around $0.6715, a break above its 200-day EMA of $0.7113 could signal a move towards higher levels (e.g., $0.76-$0.78). The price remains under pressure from the 200 SMA at $0.7766. The combination of consolidation, whale activity, and market trend suggests Cardano is poised for a decisive move, potentially breaking out soon.