Here’s Why Cardano (ADA) Might Be Ready to Bounce Back

Cardano (ADA) has seen a sharp recovery since plunging below $0.50 earlier this week. After touching lows near $0.48 on November 5, ADA surged more than 20% to reach around $0.60 by November 10th.

While it has slipped about 2% in the past 24 hours to around $0.58, a bullish turnaround may be brewing as top ADA investors accumulated nearly 1% of the total supply this week.