$ADA
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According to U.Today, Cardano (ADA), currently the ninth-largest cryptocurrency by market capitalization, has experienced a significant increase in Net Inflows from Large Holders this week. Data from IntoTheBlock indicates that these net inflows have surged by 393%, indicating potential accumulation by large holders, commonly known as whales. This accumulation coincides with ADA’s seven-day rally, during which it hit a multi-month high, benefiting from the broader positive momentum in the cryptocurrency market. On Sunday, ADA hit a high of $0.659, a level last seen in March of this year.
This trend reflects investors’ optimism about Cardano’s future prospects. Despite a slight drop of 2.06% in the last 24 hours, bringing the price to $0.581, ADA is still up 74% over the past week. The cryptocurrency market has experienced a pause in its recent rally, with Cardano hitting a low of $0.556 after peaking at $0.654 on Tuesday. Cardano’s recent seven-day rally began after finding support at $0.32 on November 4, leading to a fresh upside move. However, the rally appears to be facing resistance near $0.66, as ADA tested highs of $0.659 and $0.654 on November 10 and 12, respectively. Despite this resistance, bulls have maintained their positions without incurring any significant losses. If a pullback occurs, support levels are expected at $0.53 and $0.49.$XRP $ARB