Cardano's $43M Unlock: Implications for ADA Amidst Altcoin Competition

Cardano (ADA) is set to unlock $43.5 million worth of tokens, potentially impacting its price. Currently consolidating between $1.12 and $1.24, ADA could surge by 50% to $1.90 if it breaks above $1.25, or fall to $0.92 if it drops below $1.12. Significant outflows from exchanges suggest a bullish trend, with ADA trading at $1.15 after a 4.10% drop in 24 hours. Increased trading volume indicates strong market interest.