• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cardano and Key Support: Recovery Above $1 Expected

user avatar

by Giorgi Kostiuk

3 months ago


Cardano (ADA) has experienced a volatile week, dropping to a low of $0.91306 with a 6% decline in the past 24 hours. Despite this, trading volume surged by 25%, indicating increased market activity.

Current ADA Situation

Over the past month, ADA has declined by 7%, but a 15% rally in the past week suggests a bullish outlook. Trading volume surged, indicating growing investor interest.

Impact of Whale Accumulation

On-chain data from Santiment shows ADA whales holding between 10 million and 100 million tokens have bought 60 million ADA amounting to $58 million over seven days. This signals market confidence and potential value increase.

Such significant accumulation often signals market confidence, potentially attracting retail investors.

Future Predictions

ADA is trading near key support of $0.94. Continued whale activity could underpin recovery above $1, supported by metrics like Stock-to-Flow and positive funding rates indicating potential price rises.

Despite the recent pullback, market sentiment remains bullish towards recovery to $1.11, but sustained bearish momentum might test lower support levels around $0.80.

0

Share

Other news

Innovative Bitcoin ETFs by Grayscale: Steady Income for Investors

Grayscale launches Bitcoin Covered Call and Bitcoin Premium Income ETFs for generating stable income by adapting to market volatility.

user avatarGiorgi Kostiuk

5 minutes ago

Bitcoin Falls Amid Trump's Tariff Plans

The crypto market faced volatility as Trump announced new tariff plans.

user avatarGiorgi Kostiuk

14 minutes ago

Neuralink Starts Brain Implant Trials

Neuralink conducts initial brain implant trials, promising a revolution in neurotechnology.

user avatarGiorgi Kostiuk

14 minutes ago

Major Bitcoin Transfer Sparks Market Fluctuations: Could $103K Be Achieved by April 3?

The transfer of 1,280 BTC worth over $106M leads to market instability and discussions about possibly reaching $103,408 by April 3.

user avatarGiorgi Kostiuk

15 minutes ago

Shibarium Hits 1B Transactions as Shiba Inu Burn Rate Soars 10,000%

Shibarium hits 1B transactions, with a 10,000% SHIB burn rate increase.

user avatarGiorgi Kostiuk

15 minutes ago

Curve Finance Shows Growth and Resilience With $35 Billion in Q1 2025

Curve Finance recorded a 13% increase in trading volume to $35 billion in Q1 2025, solidifying its position in decentralized finance.

user avatarGiorgi Kostiuk

24 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.