Cardano (ADA) is about to break through! Whales are entering the market in droves, and a major explosion is imminent in 2025!
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Cardano (ADA) has been actively traded recently, especially in the past 48 hours, with whales buying over 20 million ADA, creating a bullish market sentiment. Although the specific reasons are not yet clear, the project's decentralized governance framework, particularly the progress of CIP-1694, may be a key factor driving this wave of purchases.
On December 21, the Intersect, part of the Cardano ecosystem, announced that the Plomin hard fork governance action has been submitted for approval, marking the initiation of on-chain governance. If approved, this progress will officially take effect between January 4 and January 29, 2025, further enhancing investors' confidence in ADA's long-term prospects.
As 2024 draws to a close, the price trend of ADA is warming up, recently rising by 1.75% to $0.887. At this time, ADA's price is still below $1, and some whales may see this as a “discount price” accumulation opportunity. If ADA breaks through the key resistance levels of $0.91 and $0.949, the target price could challenge $1, further triggering short covering and pushing the price up to $1.20. However, if it falls below $0.76, ADA may face a pullback, dropping as low as $0.50.
As the market's attention on ADA gradually heats up, 2025 could be the year of its explosion!
Tap the avatar to live stream and catch the bull market!