Cardano Surges 8.74% as Whales Accumulate Over 240M ADA

Cardano's price has been on an upward trajectory over the past 24 hours, climbing 8.74% to trade around $0.1860.

This impressive rally comes after Cardano broke out of its multi-week consolidation phase, establishing a firm base near $0.1531.

Buyers reclaimed the mid-range level at $0.1750 before pushing through the key resistance level at $0.1812, with a breakout candle printing 3.49 million ADA in volume.

This improving structure has strengthened bullish momentum, but the rapid gains may create opportunities for short-term pullbacks after the breakout.

If Cardano can maintain support at $0.1812, the next leg up is likely to be towards $0.2000 resistance.