2 weeks ago
4
- Cardano (ADA) gained 7.8% in 24 hours as buying momentum returned.
- Van Rossem upgraded Cardano with faster smart contracts.
- Whale accumulation has put the $0.20 level back in focus.
Cardano has bounced back after a sharp sell-off, with ADA climbing nearly 8% over the past 24 hours to trade around $0.1747.
The recovery comes amid a combination of strong whale accumulation, a major network upgrade, and renewed buying interest, even as lingering security concerns persist in the broader ecosystem.
Notably, the recovery has also brought a key level back into focus.
After gaining 11% over the past seven days and reaching an intraday high of $0.1774, focus is now on whether ADA can build enough momentum to challenge the $0.20 mark in the coming sessions.
Whale accumulation and price recovery strengthen bullish sentiment
Cardano’s recent rebound comes after a period of heavy selling that pushed ADA to a 24-hour low of $0.1615 before buyers stepped in.
The token has since recovered to around $0.1747, reflecting a 7.8% daily gain and signalling that demand has returned after the decline.
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