![Will Cardano Price Surge to $1.5 Amid Whale Accumulation of 140M ADA?](http://bravenewcoin.com/wp-content/uploads/2025/01/BNC-Jan-24-31-300x167.jpg)
2025-1-26 15:00 |
The current trends, combined with increasing network activity and technical indicators, suggest the possibility of a breakout. Could this be the turning point for ADA to reach $1.5?
Whales Accumulate ADA in BulkBetween December 15, 2024, and January 22, 2025, large investors added 140 million ADA to their portfolios. Such significant accumulation is often seen as a bullish signal, reflecting confidence in the asset’s long-term potential. Whale movements have historically influenced market trends, and this instance is no exception. With major holders bolstering their positions, the possibility of upward Cardano price movement gains traction.
Cardano (ADA) price could potentially hit $1.5 following the current momentum. Source: Ali Martinex via X
Ali Martinez, a prominent cryptocurrency analyst, remarked, “Cardano will reach $1.50 once the $1.10 resistance breaks,” reinforcing optimism among investors. This sentiment aligns with broader market developments, including increased network activity.
Network Activity SurgesCardano’s blockchain activity has risen significantly, with daily active addresses surpassing 50,000. This surge highlights growing investor engagement at current price levels. On-chain data reveals heightened interest, suggesting that market participants are positioning themselves for potential gains.
The recent Plomin hard fork further strengthens Cardano’s ecosystem by enabling enhanced governance features and technical improvements. This includes new Plutus primitives for better smart contract functionality, making the platform more appealing to developers and users alike. Such advancements contribute to the network’s robust activity and long-term appeal.
Price Consolidation Below $1ADA has faced volatility, hovering just under the $1 mark. After rallying to $1.15 earlier this month, the price has retraced by approximately 4% over the past week. As of January 23, 2025, ADA is trading around $0.98, reflecting a minor 1% increase in the last 24 hours.
Cardano (ADA) was trading at $0.97 at the press time. Source:Brave New Coin
Meanwhile, Bitcoin’s stability above $105,000 has sustained the wider crypto market, although many altcoins, ADA among them, are yet to recover previous highs. The swearing-in of Donald Trump as the 47th U.S. president injected an element of uncertainty into the financial markets and made for fragile sentiment across asset classes.
Bullish technical indicationsThe technical setup for Cardano presents a classic bullish reversal flag: the inverse head-and-shoulders pattern. Provided ADA manages to breach the $1.15 resistance, this chart pattern would point toward a breakout. If successful, the target could extend to $1.50, marking a 27% gain from current levels.
A bullish breakout above the $1.15 resistance could lead the price to $1.50. Source: Ali Martinez via X
Key support at $0.97 provides a safety net for traders, while indicators such as the Relative Strength Index (RSI) at 47 suggest a neutral market trend. Analysts recommend closely monitoring these levels for signs of a decisive move.
Market Sentiment and OutlookMarket sentiment remains cautiously optimistic. While ADA’s price action has been subdued, the underlying factors—whale accumulation, increasing network activity, and bullish technical patterns—paint a promising picture.
Bullish momentum builds for Cardano (ADA) as whales drive market excitement. Source: BeastofKong/TradingView
Dave, a prominent Cardano advocate, recently emphasized the importance of monitoring the $1.10 resistance level. “If ADA holds this level, it could ignite bullish momentum,” he noted, advising traders to manage risks through stop-losses.
Cardano’s path to $1.5 hinges on breaking critical resistance levels and sustaining its momentum. Whale activity and rising network engagement signal strong investor interest, while technical indicators provide additional support for a bullish outlook. As traders await confirmation of a breakout, the coming days could be pivotal in shaping ADA’s trajectory. For now, all eyes remain on Cardano as it navigates its next moves in the ever-dynamic crypto market.
origin »Cardano (ADA) на Currencies.ru
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