Sky Victor

08/23 09:26

Cardano price prediction – Are whales and traders

Cardano price prediction – Are whales and traders fueling ADA’s breakout?

Whales adding 150M ADA is a sign of confidence, while a stock-to-flow surge could allude to tightening supply. However, with 77% of traders long, ADA must reclaim $0.93 to avoid a squeeze.

Over the last two weeks, Cardano [ADA] whales have accumulated nearly 150 million ADA – A sign of growing confidence in the altcoin’s future. The timing here is crucial, especially since this surge in demand coincided with retail traders becoming cautious. 

At the time of writing, the crypto was valued at $0.85, with ADA consolidating near its critical support zones. Such whale activity often precedes significant market shifts. Hence, many traders may now be anticipating a stronger bullish push on the price charts. 

However, the key question now is whether these large inflows can offset broader market uncertainty and fuel a breakout above crucial resistance levels.

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