2023-12-01 07:14:27

#HotColumn Cardano Bulls Gather Strength: $1.85 Billion ADA Stashed for 21% Price Surge

Cardano currently sits at a key demand zone between $0.37 and $0.38, with over 160,000 wallets having acquired close to five billion ADA at this level.

If ADA stays above this rate, it could be on its way to new highs as it closes out the year, but losing this support could set the token up for a dip down to $0.34.

Cardano (ADA) is sitting on a key demand zone and remaining above this zone could pave the way for the Ethereum rival to set new yearly highs as we approach the close of 2023, one analyst says, citing data from blockchain analytics platform IntoTheBlock.
At press time, ADA is trading at $0.3732, shedding 2.4 percent in the past day and maintaining the same price level over the past week. Its trading volume has increased marginally to hit $287 million, and with a market cap of $13.2 billion, it remains firmly perched in the top 10 cryptocurrencies in the market.

ADA1,51%

TOKEN-8,86%

ETH0,53%

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