Cardano (ADA) is facing resistance near the $0.85 level, hindering its ability to break through and achieve a sustained upward movement despite bullish signals in technical indicators. While recent trading volume has seen a surge of 30-40%, daily active addresses have declined, potentially indicating that whales are accumulating, leading to reduced price volatility. Despite holding above the 200-day moving average as support, ADA’s gains haven’t been solidified, resulting in a pause after a short-term downtrend break. 30-40% volume increase is notable but a drop in daily active addresses suggest whales are accumulating and reducing volatility. Trading within a downward parallel channel formation suggests some weakness among the bullish momentum despite above support of the 200-day moving average. The RSI has reached an overbought zone, potentially signaling a correction after a break from the parallel channel. A