Recent data show significant withdrawals of the Cardano (ADA) token from centralized exchanges, indicating possible new positive trends for its price.
Volume of ADA Withdrawals from Exchanges
Since the beginning of 2025, nearly $1 billion worth of ADA ($932 million) has been withdrawn from centralized exchanges. Such outflows last occurred in 2021, after which the token's price surged.
Current Price Dynamics of Cardano
Currently, the ADA price is trying to hold around the $0.72 mark. After a recent dip, the price has started rising, forming a series of higher highs and lows, indicating a bullish trend. However, the token is still in a descending channel, and breaking above this channel is key for further growth.
Impact on Future ADA Price
With the positive signals and on-chain activity, strong support and bullish price motion can potentially lead to a new rally. However, a breakout above resistance is necessary to confirm a true return of bulls to the market.
The upcoming weeks will be crucial for ADA. If a breakout occurs, it may trigger new purchases and price increases. We will closely monitor developments.
