{"id":54328,"date":"2025-03-25T15:33:10","date_gmt":"2025-03-25T15:33:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54328"},"modified":"2025-03-25T15:33:10","modified_gmt":"2025-03-25T15:33:10","slug":"cardano-whales-fill-their-bags-ada-bull-run-incoming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54328","title":{"rendered":"Cardano Whales Fill Their Bags: ADA Bull Run Incoming?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Whales bought $180 million worth of ADA in the past week, potentially setting the stage for a price rally.<\/span>
\nAnalysts see ADA poised for gains, with projections ranging from $1 to $1.50 if current support holds. However, rising RSI suggests caution as the asset nears overbought territory.<\/p>\n

<\/a><\/span><\/h2>\n

Whales on the Move Again<\/h2>\n

Cardano\u2019s native token has performed <\/span>quite<\/span> well in the past 24 hours, with its price rising to $0.76 (per CoinGecko\u2019s data). This level represents a 7% increase on a weekly scale, while some <\/span>important<\/span> factors signal that the rally might be just starting.<\/span><\/p>\n

<\/a>ADA Price, Source: CoinGecko<\/p>\n

An example of this is the whales\u2019 activity. According to the renowned analyst Ali Martinez, large investors <\/span>purchased<\/span><\/a> 240 million ADA last week. The stash equals over $180 million (calculated at current rates).<\/span><\/p>\n

Accumulation of this type can encourage retail investors and smaller players to follow suit and distribute fresh capital into the ecosystem.<\/span><\/p>\n

Additionally, buying millions of tokens from whales reduces the circulating supply of ADA, which might <\/span>be followed<\/span> by a price surge (assuming demand keeps its level or heads north).<\/span><\/p>\n

Earlier this month, large investors <\/span>scooped up<\/span><\/a> 190 million tokens in <\/span>the span of<\/span> 24 hours. At the time of the accumulation, the price hovered at around $0.72, or 4% less than its ongoing rate.\u00a0<\/span><\/p>\n

On another occasion in November last year, whales <\/span>bought<\/span><\/a> millions of ADA when the coin\u2019s valuations stood at around $0.90. Just a few days later, the price briefly climbed beyond $1.30.<\/span><\/p>\n

ADA\u2019s Next Potential Targets<\/span><\/h2>\n

Crypto X <\/span>is rammed<\/span> with analysts who believe ADA is about to chart substantial gains <\/span>in the near future<\/span>. The analyst using the moniker FOUR | Crypto Spaces <\/span>claimed<\/span><\/a> that the asset is currently \u201cat the defining moments.\u201d They said ADA has been holding strong above the $0.68-$0.70 support level, expecting a reversal towards $1.30 \u201cwith strong volume.\u201d<\/span><\/p>\n

\u201c<\/span>If<\/span> loses this support, that I think will be the worst-case scenario,\u201d the analyst added.<\/span><\/p>\n

Coin Signals also chipped in. They assumed<\/a> that ADA is heading for \u201cthe breakout\u201d after bullish consolidation around the 200-day exponential moving average (EMA). The analyst set a short-term target <\/span>in the range<\/span> of $1-$1.50.<\/span><\/p>\n

Meanwhile, traders should <\/span>keep in mind<\/span> that ADA\u2019s Relative Strength Index (RSI) has been on the rise recently. Currently, it <\/span>stands<\/span><\/a> just south of the bearish zone of 70, indicating that the asset might be overbought and headed for a possible pullback.\u00a0<\/span><\/p>\n

The post Cardano Whales Fill Their Bags: ADA Bull Run Incoming?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Whales bought $180 million worth of ADA in the past week, potentially setting the stage for a price rally. Analysts see ADA poised for gains, with projections ranging from $1 to $1.50 if current support holds. However, rising RSI suggests caution as the asset nears overbought territory. Whales on the Move Again Cardano\u2019s native […]<\/p>\n","protected":false},"author":0,"featured_media":54329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54328"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54328"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54329"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}