There is significant buying activity around ADA by whales and major investors, potentially signaling an upcoming rally.
Increase in ADA Accumulation
Today, February 13, 2025, a prominent crypto expert shared on X about whales moving over 70 million ADA off exchanges in the past four days. TradingView data shows a 20% surge in ADA, likely due to active buying. On-chain analytics firm Coinglass confirmed an outflow of $11.75 million worth of ADA over the last 48 hours.
Major ADA Liquidation Levels
Intraday traders remain bullish, with major liquidation levels at $0.76 and $0.796, depending on long and short positions. This balance of liquidations greatly impacts price movements.
Cardano (ADA) Technical Analysis
According to technical analysis, ADA is in a bullish trend but faces resistance at $0.85. If this level is surpassed, a further increase to $1.13 is projected. ADA is currently trading around $0.789.
The active buying of ADA, along with favorable technical analysis, indicates a continued positive trajectory for this cryptocurrency.
