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Cardano Price Forecast: ADA extends gains toward $0.80 as bullish bets and whale accumulation increase

Santiment’s Supply Distribution data projects a bullish outlook for Cardano as whales bought ADA tokens during the recent price dip.

Santiment’s Supply Distribution metric indicates that the whales holding between 100,000 to 1 million, 1 million to 10 million, and 10 million to 100 million ADA tokens have surged from 5.69 billion to 5.89 billion, 5.65 billion to 5.73 billion, and 12.67 billion to 12.87 billion, respectively, from April 14 to Wednesday.

This development indicates that these whales have seized the opportunity to accumulate Cardano at a discount during the recent price dip, thereby bolstering investors’ confidence in ADA.

Cardano Price Forecast: ADA extends gains toward $0.80 as bullish bets and whale accumulation increase

Santiment’s Supply Distribution data projects a bullish outlook for Cardano as whales bought ADA tokens during the recent price dip.

Santiment’s Supply Distribution metric indicates that the whales holding between 100,000 to 1 million, 1 million to 10 million, and 10 million to 100 million ADA tokens have surged from 5.69 billion to 5.89 billion, 5.65 billion to 5.73 billion, and 12.67 billion to 12.87 billion, respectively, from April 14 to Wednesday.

This development indicates that these whales have seized the opportunity to accumulate Cardano at a discount during the recent price dip, thereby bolstering investors’ confidence in ADA.

https://www.fxstreet.com/cryptocurrencies/news/cardano-price-forecast-ada-extends-gains-toward-080-as-bullish-bets-and-whale-accumulation-increase-202504230725