Crypto
Cardano Price Jumps 22% as Whales Add Over 240M ADA
Cardano's ADA price surged by 22% after whales accumulated more than 240 million tokens over five days, according to Santiment data.
The whale-led move coincided with a roughly 22% price increase and follows Cardano's July 18 protocol upgrade and the network's transition toward its next development phase.
A bullish reversal pattern on the 4-hour chart shows an inverse head-and-shoulders formation, which carries a potential $0.208 price target if ADA remains above the neckline at $0.1808.