Cardano Price Jumps 6%, Whale Accumulation Sparks $0.30 Target

Cardano's price has surged by over 6% in recent days as large holders continue to accumulate ADA, pushing the tokenized real-world asset (RWA) ecosystem to $55.3 million.

The surge in whale accumulation has been accompanied by improving on-chain fundamentals, including increasing trading volume and a bullish chart structure.

Buyers have defended a critical support zone near $0.16-$0.17, with the Relative Strength Index (RSI) reclaiming the bullish territory above 50.

The next major hurdle for Cardano lies near $0.24-$0.25, where previous horizontal resistance aligns with a heavy supply zone, and a decisive breakout above that region could trigger fresh momentum buying.