Will Cardano Price Hit $1 by March 2025 as 12.54B ADA Whales Accumulate?

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Will Cardano Price Hit $1 by March 2025 as 12.54B ADA Whales Accumulate?

Highlights

  • Whale accumulation could drive ADA price toward $1 target.
  • Market sentiment remains optimistic despite ADA's resistance challenges.
  • Technical indicators show mixed signals amid ADA's price fluctuation.

Cardano price has experienced a slight recovery following a week of market bearishness. Currently, ADA is holding above its support level, showing potential for a bullish trend in the near future. The recent upward movement has sparked discussions about whether Cardano could reach $1 by March 2025, especially with 12.54 billion ADA tokens being accumulated by whales in the past 24 hours.

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How Whale Accumulation Could Push Cardano Price to $1 by March 2025

The recent accumulation of 12.54 billion ADA tokens by large holders has sparked interest in the potential price movement of Cardano. 

Over the past month, data shows an increase in whale activity, with significant buys pushing the price upward. 

As ADA whales continue to accumulate, the overall market sentiment remains optimistic, creating a potential for the price to hit $1 by March 2025.

Large whale movements have had a strong influence on the price of ADA, driving its volatility. The ongoing accumulation could create upward momentum as these whales take positions ahead of anticipated market trends. 

If the buying pressure continues and broader market conditions align, ADA might see a price surge that reaches or exceeds the $1 mark in the coming weeks. 

Will Cardano Price Hit $1 by March 2025 as 12.54B ADA Whales Accumulate?
Source: Santiment
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ADA Technical Analysis

The ADA price is trading at $0.6349 as of March 1, 2025. The Cardano price market is seeing fluctuations, with the price remaining within a narrow range of $0.6349 to $0.50. This follows the crypto market recovery, with BTC seeing a slight surge.

This ADA follows a period of consolidation, with some bullish movements pushing it higher earlier in the month. ADA is facing challenges breaking above $0.700, a resistance level that has been difficult to surpass.

The Relative Strength Index (RSI) is at 41, showing that the market is in a neutral state but could potentially shift toward a bullish direction. 

The Moving Average Convergence Divergence (MACD) indicator suggests mixed signals. The current MACD histogram reading at 0.0043 indicates that there is some bullish momentum, although the histogram’s width is narrowing. 

The MACD line at -0.0167 signals slight bearish pressure, with the moving averages not diverging sharply. If the price fails to hold above $0.60, the downside risk may grow. Resistance levels are identified at $0.70 and $0.80, while support is holding firm at $0.60 and $0.50. 

 A break above the $0.70 resistance could see the Cardano price prediction test at higher levels. Conversely, failure to hold above $0.60 could lead to a retest of $0.50.

Will Cardano Price Hit $1 by March 2025 as 12.54B ADA Whales Accumulate?
Source: TradingView

To sum up, the Cardano price could hit $1 by March 2025, driven by whale accumulation and strong buying momentum. However, resistance at $0.70 remains a significant challenge for ADA’s upward movement.

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Frequently Asked Questions (FAQs)

1. Why are whales accumulating Cardano (ADA)?

Whales are accumulating Cardano (ADA) due to strong market interest and the potential for a price surge. Increased whale activity typically signals confidence in future price movement.

2. Could Cardano reach $1 by March 2025?

While it’s difficult to predict, the recent whale accumulation and the market's optimistic sentiment suggest that Cardano could potentially reach $1 by March 2025.

3. What are the resistance levels for Cardano?

The key resistance levels for Cardano are $0.70 and $0.80. Breaking these levels could open the door for higher price movements.
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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.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.

About Author
About Author
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.
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.