Cardano price has seen a notable increase recently, forming a bullish reversal pattern which suggests a possible long-term uptrend. Analysts attribute most of these gains to the renewed activity of whales on the Cardano network. This surge in whale activity has raised questions about whether Cardano can maintain this bullish momentum.
With whales buying 19.5 billion ADA, there is a significant interest in the cryptocurrency, indicating confidence among large stakeholders. The ultimate question remains: can Cardano keep up this bullish price action and reach the $0.5 mark again?
