Cardano (ADA) started the year recovering the key $1 support zone, which has propelled its price to weekly highs. The bullish momentum has attracted whales, while some crypto analysts believe that ADA’s rally is around the corner. Related Reading: Crypto Trader Makes $21 Million From AI Agent Token As Sectors Faces Backlash Cardano Whales Fill Their Bags In November, Cardano surged to the $1 mark for the first time in over two years, leading the crypto market after the post-election rally. However, the cryptocurrency faced one of its largest one-day retraces amid the December corrections, losing key support and dropping below $0.8. Cardano whales took advantage of the end-of-year pullback, acquiring 160 million ADA at a discount. Despite large investors betting on ADA, some market watchers pointed out that market sentiment surrounding the cryptocurrency had turned bearish. However, ADA has experienced the New Year rally, increasing 27% in the past week, fueled by the market’s recovery and Bitcoin’s jump to the $100,000 mark. Cardano surged from its $0.84-$0.90 price range as the new year started, reclaiming the $1 mark by Januar ..
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