Cardano (ADA) is located in the spotlight with an increase in the activity of the whale in the past two days. According to the encryption analyst onThe whales were swept away by more than 40 million ADA in the past 48 hours, indicating a potential upward feeling.
Accumulation comes in an important moment for Cardano in both price movement and network development. In the recently public publication, Cardano Charles Hoskinson shared his ideas about project growth, challenges, and what awaits them for the network.
May 10 tweet, Hoskinson addressed the Ada community, saying: “We are at a very exciting turning point regarding Cardano engineering and diversity of ideas and difference.” Cardano founder acknowledged that although Cardano’s initial philosophy has provided security and effectiveness, it also slowed the development and secluded shareholders due to its strict structure.
Looking at the future, Cardano founder stated, “Now in 2025, we open the enhanced ecosystem with small, graceful teams such as Aiken and Midgard, while maintaining knowledge, experience and accuracy with input and output research (IOR) and our official methods using AGDA.”
You may also like
Kardano’s work
On May 8, Cardano bounced from SMA for 50 days ($ 0.67) and completed a reverse pattern of head and openings against the backdrop of a wider encryption market. The increase lasted, as ADA SMA daily exceeded 200 at $ 0.79, which had previously crowned the price of the price in late March.
After climbing for three days starting from May 8, ADA reached levels higher than $ 0.846 in the early Sunday session before facing the resistance. At the time of writing this report, ADA has ranted its gains marginally, an increase of 0.56 % in the past 24 hours to $ 0.801, but it is still 16 % per week.
You may also like
RSI remains in a positive area, indicating an advantage for buyers. If the price remains higher than the daily moving averages, ADA may rise to $ 1. If the bears want to stop the upward step, it must pay the ADA price to less than 50 days of SMA at $ 0.676. This may cause the ADA price to $ 0.60 and then to $ 0.50.
