Cardano Whales Scoop 120M ADA in One Week: Further Rally Expected?

Whales grabbed over 120M ADA tokens in the first week of December. Cardano’s strong fundamentals supported a bullish outlook for the altcoin’s value. Cardano whales bought 120 million ADA , worth $144M, in the past three days, a clear conviction that the altcoin could rally in the future. According to Santiment data, whale wallets holding 100M-1B ADA tokens increased their positions from 3.15 billion to 3.27 billion tokens between December 3 and 6. Photo: Santiment Crypto analyst Ali Martinez highlighted that a big chunk of the whale bid, 100M ADA,…

Cardano Bags Big TVL Record amid Analysts’ Bullish Forecast

Cardano has registered a new ATH in DeFi Total Value Locked. Along the broader market, ADA price fell but in recovery mode per capital influx from Bitcoin. Top market analysts have issued bullish price targets for Cardano. Cardano has been on an impressive bullish trend since November, riding on the victory of a pro-crypto leader in the United States. The cryptocurrency has recently begun to retest the upper border of a megaphone weekly chart pattern. Notably, the megaphone pattern is usually characterized by a series of higher highs and lower…