Overview
- Cardano’s ADA is hovering around $0.24 to $0.25 at a level traders describe as a make-or-break pivot for the next move.
- Whale wallets holding at least 10 million ADA have risen to a four-month high of 424, signaling steady accumulation by large holders.
- Network use has spiked, with active addresses reported near 12,000 per day and daily transactions approaching 120,000 after sharp jumps.
- Technical signals are mixed as the relative strength index shows a bullish divergence while price struggles under the 21- and 50-day moving averages.
- Analysts say holding above $0.24 could open a path toward the upper $0.20s and beyond, while a close below that level risks a slide toward about $0.22 with some warning of deeper losses if momentum turns.