Cardano is demonstrating strong market fundamentals lately. Recent data shows whale accumulation of 20.31 million ADA at the $1.21 price point. The altcoin faces technical resistance between the $1.20 and $1.24 levels. It continues to consolidate just above the $1 mark, supported by broad holder activity with 4.95 billion tokens spread across 391,000 addresses.

This trend creates bullish expectations for ADA. Investors are closely monitoring its movements.

Stay informed about Cardano’s price developments. Understanding market dynamics can aid in investment strategies.