Cardano Shows Signs of Gradual Accumulation Near Key Support Amid Rising Whale Activity
Main Idea
Cardano (ADA) is showing signs of gradual accumulation near key support levels, with technical and on-chain indicators suggesting potential for a long-term rally toward $6.25, mirroring its 2019–2020 cycle.
Key Points
1. Cardano's current price behavior resembles its 2019–2020 cycle, with slow accumulation near the 0.382 Fibonacci retracement level at approximately $0.623.
2. Technical analysis indicates that maintaining support above $0.62 and breaking the $0.90 resistance could trigger a rally toward $1.15 and $1.74, with long-term potential reaching $6.25.
3. On-chain data shows rising whale wallet accumulation during ADA's consolidation phase, with the token resting on its 1-day 200EMA, a critical level for sustaining momentum.
4. The Cardano Foundation approved all 39 governance proposals, unlocking 275 million ADA for community and ecosystem development.
5. Historical patterns suggest Cardano's extended base-building phase may precede significant upward momentum, with whale activity and governance developments supporting bullish sentiment.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Cardano (ADA) is
Latest News
- Bitcoin Holds $115K Support Zone as Liquidity Builds Near $120K Resistance, Downside Risk Remains2025-08-03 03:50:30
- Bitcoin Surges Beyond $100,000 for 40 Days and Stays Above $110,000 for 24 Days Straight2025-08-03 03:28:32
- Ethereum Consolidates Near $3,500 After 60% Rally, Approaching Potential $4,000 Resistance Breakout2025-08-03 03:28:13
- Whale 0xab15 Opens Massive 40x Leveraged Long on BTC Worth $45M Targeting $125,0002025-08-03 03:16:34
- Cardano Shows Signs of Gradual Accumulation Near Key Support Amid Rising Whale Activity2025-08-03 03:16:19