- Whales dumped 50 million ADA in 48 hours, pushing prices near $0.80.
- ADA trades at $0.8165, down 3% this week with weaker trading volume.
- Analysts eye $0.74–$0.80 as a key accumulation zone before a breakout.
According to crypto analyst Ali Martinez, Cardano whales offloaded 50 million ADA in just 48 hours. Such large-scale sell-offs often pressure the market, and in the case of ADA, this coincided with a dip toward the $0.80 level.
In the short term, traders should remain cautious of potential downside tests near $0.80–$0.78 before recovery. At the time of writing, ADA trades at $0.8165, down nearly 3% over the past week, with daily trading volume slipping by 4.85%.
van de Poppe: ADA Building for Bigger Things
Despite the short-term weakness, analyst Michaël van de Poppe remains optimistic about Cardano’s broader outlook. He argued that while ADA is “still in a blind spot for most,” the project has been gaining traction and its fundamentals continue to strengthen.
His chart shows ADA re-entering a higher accumulation range between $0.74 and $1.24, suggesting this could be the foundation for a sustained bullish cycle. He further noted that ADA is likely in its first wave upward, and a potential new all-time high (ATH) could arrive in 2025 or 2026.
van de Poppe also flagged $0.74 as the optimal accumulation zone should the broader crypto market correct further, while upside resistance sits near $0.98 and $1.24.
ADA Price Analysis: Short-Term Pressure, Long-Term Potential
Martinez’s data shows whales offloading 50M ADA, driving a dip toward $0.80. Van de Poppe’s chart reinforces that the $0.74–$0.80 range could provide strong support, potentially setting the stage for a broader breakout.
If ADA manages to hold this base, the next key upside targets lie at $0.98 and $1.24, with the potential for a broader rally into 2025 should market sentiment improve. For now, traders are caught between whale-driven sell-offs and growing fundamental optimism, making ADA one of the most closely watched altcoins heading into the final quarter of 2025.
Related: Cardano Aims for $1.2 as Traders Hints Most Bearish Outlook in 5 Months
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