Cardano price prediction – Are whales and traders fueling ADA’s breakout?
The post Cardano price prediction – Are whales and traders fueling ADA’s breakout? appeared on BitcoinEthereumNews.com.
Key Takeaways Whales adding 150M ADA is a sign of confidence, while a stock-to-flow surge could allude to tightening supply. However, with 77% of traders long, ADA must reclaim $0.93 to avoid a squeeze. Over the last two weeks, Cardano [ADA] whales have accumulated nearly 150 million ADA – A sign of growing confidence in the altcoin’s future. The timing here is crucial, especially since this surge in demand coincided with retail traders becoming cautious. At the time of writing, the crypto was valued at $0.85, with ADA consolidating near its critical support zones. Such whale activity often precedes significant market shifts. Hence, many traders may now be anticipating a stronger bullish push on the price charts. However, the key question now is whether these large inflows can offset broader market uncertainty and fuel a breakout above crucial resistance levels. Can Cardano sustain momentum within its rising channel? Cardano has been consolidating inside a steady ascending channel, establishing $0.78 as a major support while $0.93 emerged as the next test. In fact, the Fibonacci retracement zones revealed $0.95 and $1.02 as critical upside targets. On the contrary, the MACD indicator hinted at fading bullish momentum and the risk of short-term pullbacks. And yet, ADA’s ability to maintain higher lows within the channel could be a sign of resilience too. Traders are closely watching if Cardano can hold this structure. Especially since losing the channel could trigger a deeper retracement towards the $0.70 support level. Source: TradingView Does the stock-to-flow surge signal growing scarcity? Cardano’s stock-to-flow ratio spiked sharply too, with the same recently climbing above 400 – Its highest level in months. Here, it’s worth pointing out that this ratio measures circulating supply relative to issuance, and rising values often signal tightening supply. Such conditions historically support higher valuations when demand…
Filed under: News - @ August 23, 2025 12:26 am