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Cardano millionaires increase holdings amid price resistance near $0.20, eyeing a strong comeback or pullback.

Market News
31 Aug 2026
Dailycoin
View Source
Bullish
pluang ai news

Cardano's price remains just below the $0.20 resistance level despite a major throughput milestone on its Leios testnet. Millionaire holders have recently bought around 160 million ADA tokens, signaling potential for a significant price move. The market faces two scenarios: a strong bullish comeback from a 93% drop since its all-time high or a pullback to the $0.14-$0.15 demand zone. Whale activity shows mixed signals with some selling on short time frames but consistent buying over ten days, indicating cautious optimism. The next key resistance is the 200-day EMA at $0.246, which could determine the token's near-term direction.

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