Cardano

bullish

Bounce

TOLY’S DOG

Sanctum

<p>Cardano (ADA) has seen a sharp recovery since plunging below $0.50 earlier this week. After touching lows near $0.48 on November 5, ADA surged more than 20% to reach around $0.60 by November 10th.</p>
<p>While it has slipped about 2% in the past 24 hours to around $0.58, a bullish turnaround may be brewing as top ADA investors accumulated nearly 1% of the total supply this week.</p>
<h2 id="loading-up-on-ada">Loading Up on ADA</h2>
<p>According to on-chain analytics firm Santiment, Cardano’s large holders have significantly increased their positions following last week’s price dip below $0.50. In the past four days, whales and sharks, wallets holding between 100,000 and 10 million ADA, have collectively accumulated 348 million ADA. This stash is worth approximately $204.3 million, and the&nbsp;accumulation represents about 0.94% of Cardano’s total circulating supply.</p>
<p>The surge in buying activity points to renewed confidence among major investors despite recent market volatility, and previous instances have <a href="https://x.com/santimentfeed/status/1987946119364550716" rel="noopener noreferrer nofollow">shown</a> that such accumulation phases often lead to price recoveries if broader market sentiment stabilizes.</p>
<p>Crypto trader Trend Rider <a href="https://x.com/TrendRidersTR/status/1988063459091886226" rel="noopener noreferrer nofollow">noted</a> in a recent post on X that ADA is currently testing the lower limit of its trend band. He stated that ADA must reclaim the $0.70 level to confirm a reversal back into bullish territory. At present, ADA is showing signs of consolidation after a strong recovery from its early-November lows. The trader’s analysis reveals that while short-term momentum has improved, the broader trend <a href="https://cryptopotato.com/4000000-ada-dumped-in-a-week-more-trouble-ahead-for-cardanos-price/" rel="noopener noreferrer nofollow">remains</a> neutral to bearish unless the price can break and hold above the $0.70 zone.</p>
<h2 id="cardano-ecosystem-in-q3">Cardano Ecosystem in Q3</h2>
<p>Beyond price action, Cardano’s network fundamentals also showed notable strength last quarter. Messari found that its DeFi’s total value locked (TVL) climbed 28.7% in Q3 to $423.5 million, its highest level since early 2022. Additionally, NFT trading volume on the network surged 561.7% during the quarter and reached $262,450.</p>
<p>The report also noted that Midnight, Cardano’s privacy-focused sidechain, partnered with Google Cloud to integrate its privacy layer with enterprise-grade infrastructure and Mandiant’s threat analysis tools. In governance, Cardano transitioned from an interim Constitutional Committee to a fully elected body, reinforcing its move toward community-led decision-making.</p>
<p>The post <a href="https://cryptopotato.com/heres-why-cardano-ada-might-be-ready-to-bounce-back/" rel="noopener noreferrer nofollow">Here’s Why Cardano (ADA) Might Be Ready to Bounce Back</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Here’s Why Cardano (ADA) Might Be Ready to Bounce Back

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