Cardano whales have made significant moves by accumulating 130 million ADA tokens during a recent dip when the price was at $0.30. This accumulation has helped the ADA price rebound to $0.99, reflecting a strong weekly gain of 18.5%.
Currently, 70% of ADA holders are realizing profits, and a notable 71% of these are long-term holders. This indicates a strong hold sentiment within the community.
Technical indicators point towards bullish momentum with the Relative Strength Index (RSI) reaching 74.66, indicating overbought conditions as the price tests a key resistance at the $1.00 level.
