Cardano whales increase holdings amid steady price, hinting at possible breakout above $0.30

Cardano (ADA) has seen a nearly 2% drop over the past week but remains range-bound with steady market liquidity. Despite muted price changes, large investors known as whales have accumulated over 10 million ADA in 72 hours, signaling growing confidence. The number of wallets holding at least 10 million ADA reached a four-month high, indicating sustained accumulation rather than isolated buying. Trading volume also rose by about 28%, raising speculation that Cardano might be preparing for a breakout above the key $0.30 level, which could trigger renewed bullish momentum. Currently, ADA trades around $0.2484, showing resilience amid broader market uncertainty.