{"id":54914,"date":"2025-03-27T13:51:41","date_gmt":"2025-03-27T13:51:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54914"},"modified":"2025-03-27T13:51:41","modified_gmt":"2025-03-27T13:51:41","slug":"ada-investors-brace-yourselves-cardano-could-be-in-for-wild-price-action-heres-why","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54914","title":{"rendered":"ADA Investors, Brace Yourselves: Cardano Could Be in for Wild Price Action \u2013 Here\u2019s Why"},"content":{"rendered":"

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

ADA\u2019s price has consolidated at around $0.73 for a while now, but tightening Bollinger Bands suggest incoming volatility.<\/span>
\nWhales have accumulated 240 million ADA last week, reducing the circulating supply and potentially signaling a bullish move.<\/p>\n

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

Buckle up for Potential Turbulence<\/h2>\n

Cardano\u2019s ADA has hovered between $0.69 and $0.77 in the past week, currently trading at approximately $0.73 (per CoinGecko\u2019s data). According to one essential metric, the price volatility may increase substantially <\/span>in the near future<\/span>.\u00a0<\/span><\/p>\n

The indicator <\/span>in question<\/span> is the Bollinger Bands, which has <\/span>squeezed<\/span><\/a> on the 12-hour chart (according to the popular X user Ali Martinez). The technical analysis tool,\u00a0developed by John Bollinger in the early 1980s, assists traders in detecting when an asset may be overbought or oversold and spot potential price breakouts or reversals.<\/span><\/p>\n

Typically, tightening its bands suggests that the token has experienced relatively low volatility as of late, which could be followed by a <\/span>huge<\/span> resurgence or an intense pullback in the short term.\u00a0<\/span><\/p>\n

Earlier this week, the market observer using the X moniker Lucky <\/span>told<\/span><\/a> their more than two million followers that ADA might witness \u201canother big move\u201d in the following months.\u00a0<\/span><\/p>\n

\u201cStrong fundamentals and increasing adoption make Cardano a reliable choice. The ecosystem continues to expand, solidifying its market position,\u201d the analyst stated.<\/span><\/p>\n

The Whales Activity<\/span><\/h2>\n

An important element suggesting that ADA\u2019s price may soon rally is the recent buying spree from large investors. <\/span>Martinez <\/span>revealed<\/span><\/a> that whales purchased 240 million tokens last week, which equals <\/span>more than<\/span> $175 million (calculated at current rates).\u00a0<\/span><\/p>\n

Such accumulations <\/span>generally<\/span> suggest that a price pump <\/span>could be<\/span> on the horizon.<\/span> After all, they decrease the circulating supply of ADA on the open market, which could <\/span>be followed<\/span> by a resurgence (assuming demand remains the same or heads north).\u00a0<\/span><\/p>\n

In November 2024, large investors <\/span>scooped up<\/span><\/a> millions of ADA when the token\u2019s price <\/span>stood at<\/span> around $0.90. Just a few days later, the valuation briefly jumped beyond $1.30.<\/span><\/p>\n

Massive sell-offs, on the other hand, can have the opposite effect. At the start of February, whales <\/span>offloaded<\/span><\/a> more than 330 million ADA (worth almost $250 million <\/span>at the time<\/span>). While Cardano\u2019s native token was hovering above $0.80 at the moment of the selling spree, it gradually declined to as low as $0.70 in the following days.<\/span><\/p>\n

The post ADA Investors, Brace Yourselves: Cardano Could Be in for Wild Price Action \u2013 Here\u2019s Why<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR ADA\u2019s price has consolidated at around $0.73 for a while now, but tightening Bollinger Bands suggest incoming volatility. Whales have accumulated 240 million ADA last week, reducing the circulating supply and potentially signaling a bullish move. Buckle up for Potential Turbulence Cardano\u2019s ADA has hovered between $0.69 and $0.77 in the past week, currently […]<\/p>\n","protected":false},"author":0,"featured_media":54915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54914","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\/54914"}],"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=54914"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54915"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}