Price Analysis

Cardano Price Prediction as Whale Activity Surges to $13 Billion; Will ADA Rebound?

Cardano price shows signs of a potential uptrend with a bullish outlook, as ADA aims to hit $1 soon amid a recent downtrend.
Published by
Cardano Price Prediction as Whale Activity Surges to $13 Billion; Will ADA Rebound?

Cardano price prediction: ADA experienced a promising upturn on January 8, suggesting a potential reversal in its recent downtrend. However, this initial gain failed to sustain, and the asset did not achieve a significant breakout. Since reaching its yearly high on December 14, 2023, Cardano has been trapped within a corrective pattern. 

This trend continued with an unsuccessful attempt to break through this barrier on January 11, 2024, leading to a further decline. The last month has seen a growing dominance of bearish momentum, overshadowing brief recovery periods.

Despite these short-term setbacks, Cardano’s performance over the past year has been uplifting with a bullish momentum. The asset has witnessed a substantial increase of over 50% compared to the previous year. This remarkable growth has fostered a sense of optimism among investors and market analysts. 

They remain positive about the future, anticipating potential bullish trends. Their confidence is bolstered by Cardano’s resilience amidst the recent market volatility, underlining a strong belief in its long-term potential.

Today’s market update reveals a downward trend in the value of Cardano, mirroring a general dip across the cryptocurrency sector. Cardano price is valued at $0.5111, marking a 2.93% decline in the last day. This decrease reflects the broader bearish sentiment dominating the market at this moment.

Cardano price chart | Tradingview

With a market capitalization of $18 billion, this Altcoin maintains its position within the top ten cryptocurrencies. Over the past 24 hours, the trading volume has increased by 4%, reaching $319 million. This suggests that investor activity is still robust despite the current price challenges. ADA’s trading range in the past week has been relatively narrow, fluctuating between $0.58 and $0.51. Recently, bearish trends have led to breaking below key support levels.

Advertisement

Whale Activity in Cardano Signals Potential Bullish Momentum

In the recent post by IntoTheBlock, a surge in activity among Cardano’s top-tier investors was spotlighted. The study emphasized that these prominent entities consistently engage in substantial trades, averaging around $13 billion in daily transactions. Each of these transactions notably surpasses the $100,000 mark.

Comparatively, IntoTheBlock’s report places Cardano’s transactional volume in stark contrast with Ethereum, the crypto market’s runner-up. Ethereum’s significant transactional activity maintains a 7-day average of nearly $5 billion, markedly less than Cardano’s daily volumes, highlighting the intense and affluent activity within the Cardano network.

Advertisement

Technical Analysis of Cardano Reveals Contrasting Market Trends

The surge of whale activity could propel ADA towards a bullish trend. If the bulls regain control, the first target for the coin could be the resistance level of $0.65. A sustained bullish momentum might push the price of ADA to approach $1 in the near future. Conversely, if the bearish trend persists, ADA may test the support level at $0.5. A further drop to the $0.3 mark could be on the horizon in a more bearish scenario.

Cardano price chart | Tradingview

The daily technical indicators present a mixed market outlook. The Moving Average Convergence Divergence (MACD) demonstrates a bearish trend, with its MACD line and signal line trending below zero. Simultaneously, the Chaikin Money Flow (CMF) indicator resides in negative territory, marked at $-0.08, reinforcing the bearish sentiment. However, several oscillators show a neutral position, hinting at the possibility of a bullish breakout in the near term.

 

Related Articles

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?

Floki price has drawn strong attention after recording a bullish daily surge of over 30%.…

October 4, 2025
  • Price Analysis

BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?

BNB Coin price has entered a powerful phase after breaking through a major resistance level…

October 4, 2025
  • Price Analysis

Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B

Aster price has recently shown strong signals on the chart, with a breakout from its…

October 3, 2025
  • Price Analysis

Will XRP Price Hit $5 if the SEC Approves ETFs This Month?

XRP price could be on the cusp of a big move in the coming weeks…

October 3, 2025
  • Price Analysis

Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?

Bitcoin price has recently surged to the $120K mark, reclaiming momentum and sparking fresh optimism…

October 3, 2025
  • Price Analysis

Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying

Pi Network price has crashed by over 90% from its highest level since its mainnet…

October 2, 2025