Whale Activity Boosts ADA, Eyes $0.70 Breakout!A significant increase in whale activity with transactions worth $1.5 billion in the last 24 hours has led to a 15% surge in ADA's price.
Crossing the $0.60 Barrier: ADA's uptrend continues to strengthen as it crosses the $0.60 mark.
Potential to Reach $1: If the bullish trend crosses $0.70, Cardano could reclaim the important psychological level of $1.
Mimicking Bitcoin's Rise: ADA's price jump follows a positive trend in Bitcoin, with a 3.45% rise recently.
17-Month High Achievement: Cardano achieves a 17-month high with a notable 72.61% increase over the last 14 days.
Market Cap Nearing $23 Billion: Cardano's market cap is approaching $23 billion, indicating a robust recovery mode.
Golden Crossover Possibility in Weekly Chart: The ongoing bull run may lead to a golden crossover in the weekly chart.
Current Trading Price: ADA is trading around $0.60, with the potential to break higher levels.
Technical Indicator - MACD: The MACD shows a positive trajectory, indicating growing underlying demand.
On-Chain Data Insights: Intotheblock’s analysis reveals a spike in large transactions, highlighting increased interest from whales.
In/Out of the Money Indicator: The Global In/Out Of The Money (GIOM) indicator suggests ADA is entering a crucial zone between $0.64 and $0.84.
Wallet Addresses Profitability: Approximately 58% of ADA wallet addresses are currently profitable following the price surge.
