Cardano long-term holders’ unwavering trust bolsters ADA’s ability to withstand market fluctuations.
Analysts anticipate a bullish breakout for Cardano, with key resistance at $0.54 to $0.56. Overcoming this hurdle could propel ADA towards $0.68.
Cardano’s native cryptocurrency ADA has been making strong moves over the last two days while clocking 13% gains on the weekly chart. At press time, the Cardano (ADA) price is up 4% in the last 24 hours trading at $0.5586 with clear signals of accumulation by long-term holders.
Based on on-chain insights, a substantial portion of Cardano holders have retained their tokens for over a year, underscoring their confidence in the project’s enduring viability and growth potential.
These steadfast investors popularly referred to as “HODLers” within the cryptocurrency community, maintain an unwavering belief in the future value of ADA despite market fluctuations. This hints at a steadfast and committed base of support for the Cardano
