Cardano whales are back! – Assessing how ADA can reach $0.91 next
2025-07-04 12:20:11
Main Idea
Cardano (ADA) shows signs of bullish momentum with whale accumulation and strong buying pressure, but faces challenges from overvaluation and the need for stronger on-chain utility to sustain a potential rally to $0.91.
Key Points
1. Cardano (ADA) has reclaimed a crucial support zone near $0.59, with bulls aiming to push it toward the $0.67 resistance level.
2. Whales have resumed accumulation, with a $2.33 million net outflow from exchanges, indicating longer-term holding behavior.
3. The NVT ratio of 273 suggests ADA may be overvalued relative to its utility, posing a risk to the rally.
4. Short-term holder activity has declined, reflecting reduced speculative trading and increased long-term holding, which may stabilize price action.
5. For ADA to reach the $0.83–$0.91 range, it must pair technical momentum with stronger on-chain utility and confirm a breakout above $0.67.
Description
ADA’s rally faces resistance as valuation concerns emerge despite strong buyer activity.
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