Cardano (ADA) has achieved a significant milestone by surpassing 110 million total transactions. This development highlights a major surge in network activity and usage, despite the current market challenges. Technically, the network growth has been attributed to recent collaborations, network modifications, and the growing usage of Smart Contracts.

Alongside partnerships with leading firms, a few days ago, Cardano announced the release of Node v.10.4.1, which included Unspent Transaction Output – High Density (UTXO-HD), which is designed to improve the speed and scalability of blockchains.

According to ADA coin’s recent market data, the asset has fallen below a key support level of $0.70, trading at $0.68 at press time. On the weekly and monthly price charts, ADA coin fell by 9% and 1%, respectively. Meanwhile, ADA coin is attempting to reverse its current bearish trend on its daily price chart with a 2.2% increase.

Looking at the Relative Strength Index (RSI), ADA coin looks to have entered bearish territory with a value of 42. This is consistent with the MACD chart, indicating that traders remain concerned. In contrast, the asset’s 24-hour trading volume increased by 9% to $614 million.

Despite these challenges, ADA whales appear to have taken advantage of the recent downturn by acquiring a huge amount of the token, signaling a bullish Cardano price prediction. This type of setback allows late buyers to join the rise at a significantly cheaper price.

As whales join the market, Cardano price predictions turn bullish, forecasting the next leg up for ADA might propel the ADA coin to new highs, with a potential push above $1.