Highlights
- Cardano price could rise as trading volume has reached new heights, surpassing its previous record from 2021, indicating increased market participation.
- Whales have acquired over 420 million ADA tokens in the past 24 hours, signaling strong confidence in ADA’s upside potential.
- Currently trading at $0.8702, ADA price has a market cap of $30.60 Billion, with technical indicators suggesting a bullish outlook.
Cardano price (ADA) sentiment is on rise, as trading volume has recently reached new heights. This surge in activity hasn’t been seen since the ADA crypto hit its all-time high of $3.10.
On-chain activity has also spiked significantly, with whales rapidly accumulating larger amounts of ADA crypto. This is fueling market predictions of a potential price surge for Cardano.
Adding to the bullish sentiment, U.S. President Donald Trump recently announced plans for a Strategic Crypto Reserve that will include ADA crypto.
This ADA news triggered an immediate 70% price spike for Cardano, although the Cardano did experience a pullback shortly after.
However, despite ADA crypto’s inclusion in Trump’s crypto reserve, founder Charles Hoskinson was reportedly excluded from the White House’s crypto summit scheduled for Friday. This exclusion has raised concerns about ADA crypto’s role in future regulatory discussions.
Trading Volume in Cardano Price Surpassed Previous Record Set in 2021
On-chain analytics platform Coinglass has reported that ADA crypto has reached its highest trading volume, surpassing the previous record set in 2021.
Typically, sustained high trading volumes indicate increased market participation and liquidity depth, often before a Cardano price rise.
However, despite this surge in activity, the Cardano price remains below the $1 mark. This disconnect between trading volume and ADA price has prompted analysts to speculate that accumulation may be taking place in anticipation of a broader market movement.
Analyst Shows Whale Buys Hinting for a Cardano Price Rally on the Horizon?
Crypto analyst Al Martinez has pointed out that large investors are aggressively accumulating ADA crypto.
In just the past 24 hours, whales have acquired over 420 million ADA tokens, bolstering bullish sentiment in the market.
Whales are often seen as “smart money,” typically accumulating assets ahead of broader market rallies.
Their buying activity indicates a strong confidence in Cardano price upside potential, with some analysts forecasting a significant price surge in the near future.
Martinez also noted that ADA price is currently consolidating within a right-angled descending broadening wedge.
A breakout above $1.14 could trigger a powerful move toward $2.00, which aligns with Fibonacci extension analysis suggesting a potential run to $2.20 in the coming weeks.
In line with this bullish momentum, both investors and long-term holders have been accumulating tokens, as reported by the on-chain analytics firm CoinGlass, too. Their data shows that exchanges have experienced an outflow of $46 Million worth of ADA tokens.
This is signaling potential accumulation going on that could lead to increased buying pressure and an upward rally could be on horizon for ADA price.
Where Could Cardano Price Reach In 2025?
Market sentiment surrounding Cardano price remains robust, with some traders optimistic about a potential return to its 2021 highs above $3.00 later this year.
In the short term, ADA crypto has successfully retested its bullish flag and pole price action pattern on the daily timeframe, showing signs of upward movement. The token has found support at the short-term 20-day and 50-day EMA bands.
Given the recent price momentum and historical patterns, if ADA price can maintain its position above these EMAs.
Then there is a strong likelihood it could surge by 40% to reach the $1.25 level in the coming days, which would set the stage for its long-term price trajectory.
At the time of writing, ADA price is trading at $0.8702, reflecting a 4% intraday decline, with a market capitalization of $30.60 Billion.
Moreover, technical indicators provide further insight into the market dynamics. The AO and MACD indicators are showing growing histograms, suggesting an increase in momentum.
Meanwhile, the Chaikin Money Flow and RSI indicate a decrease in strength, as inflows are declining.
However, despite this decrease, the overall strength remains bullish, with the CMF above the zero line and the RSI at 52.67, indicating a healthy market outlook.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
