Cardano (ADA)
Cardano
0.05%
Cardano
ADA
Price
$0.1698
0.05% /24h
Volume in 24h
$461.56M
Price 7d
caught fire this week, pushing its price into fresh territory and reigniting investor intrigue.
But as always, the bigger investors—the “whales”—are making their presence known. Their activity adds a new layer of complexity, shaping perceptions and casting shadows on what comes next for ADA.
Cardano Price Surge and Realized Profits
Cardano hit $1.15 and scored $73.33 million in realized profits on January 15, underscoring the asset’s recent bullish sway.
Yet, as wallets swelled, whales began shedding their holdings, locking in gains before $ADA could find any footing.
Cardano is holding up pretty well during the speculative attack of the Trump family on crypto, all things considered
— whale (@cardano_whale) January 19, 2025
IntoTheBlock reports a staggering 90% plunge in ADA’s large-holder netflow this week, a metric that exposes the whales cashing out. The math is simple—big wallets with over 0.1% of supply are dumping faster than they’re buying, and that kind of sell-off doesn’t come without consequences.
With fewer whales propping up the price, Cardano’s recent highs may now tread dangerously close to the edge.
ADA Price: Technical Analysis Highlights Key Levels
Examining ADA’s one-day chart shows that a recent breakout retest has failed. The coin is now trading back within a symmetrical triangle pattern, indicating the uptrend may be losing steam. If the bearish trend continues, ADA’s price risks dropping to support levels around $0.94.
ADA could see resistance at $1.15 transform into a key breakout point. A successful move above this level might set the stage for a potential “cup-and-handle” pattern, often a bullish continuation signal.
- Bollinger Bands: Widening bands indicate increased market volatility. ADA pressing against the upper band is encouraging for bulls.
- Golden Cross: The 20-day SMA has crossed above the 200-day SMA, offering a bullish momentum signal.
- RSI Levels: The RSI sits close to 72, showing overbought territory.
What’s Next for Cardano in 2025?
The recent Cardano price rally suggests a market balancing act influenced by whale behavior and broader sentiment. If support holds and bullish signals persist, ADA could reclaim and push beyond $1.10, targeting $1.20 as the next major milestone.
Yet, 99Bitcoin’s analysts recommend that caution remains warranted. With whales exiting their positions, sustained buying pressure from retail and smaller institutional investors will be crucial to maintain upward momentum. Investors should watch for key resistance and support levels as the market reacts to these dynamics.
Whether this rally turns into a long-term trend or fades under selling pressure, Cardano remains a project to track closely in 2025.
EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025
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