Cardano is trading at the lower end of its range, while ADA whales are accumulating below $0.35.
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According to CoinWorld, after Cardano broke below the January range, it is now testing a key support level near $0.32. If this support is breached, it may further decline to $0.30. Despite a 7% drop and weak technicals, on-chain data shows that whales are accumulating funds and there have been outflows from exchanges, indicating long-term buying interest in the market. $0.35 remains the first significant resistance level for any rebound attempt.
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