Recent data shows major cryptocurrency holders have been accumulating significant amounts of Cardano’s ADA token while the price hovers at a critical support level. The patterns emerging on the charts suggest we could be at a pivotal moment for the cryptocurrency.
Ali, a crypto analyst, reports that whales have purchased 240 million ADA tokens in just the past week. This substantial accumulation comes at a time when the token is testing important price levels.
Whales have bought 240 million #Cardano $ADA in the past week!
— Ali (@ali_charts) March 25, 2025
Go to @SimpleFXcom via my link https://t.co/ChoFIwHYeX, claim all the cash bonuses, and buy like a whale before the pump. pic.twitter.com/VZV4iFvNOj
FOUR, another respected voice in crypto spaces, believes Cardano is currently at “defining moments” with strong support between $0.68-0.70. Their analysis suggests a potential reversal that could drive prices toward $1.30, around a 2x move from current levels.
What you'll learn 👉
Key Support and Resistance Levels for Cardano Price
Cardano is trading at approximately $0.746, slightly above the key horizontal support zone between $0.68-$0.70. This price level previously functioned as resistance in mid-2023 before flipping to support – typically considered a bullish indicator.
The weekly chart shows a descending triangle or wedge pattern formed by the current support level and a downward diagonal resistance trendline. A breakthrough above this trendline could signal a bullish trend continuation.
Should the current support fail, there’s a major support level around $0.25, which was tested in 2023. This would represent a significant bearish scenario.
Possible Scenarios for ADA Price
Bullish Outlook
If ADA bounces from the $0.70 support and breaks through the descending resistance trendline, we could see the price target the next major resistance around $1.00 before potentially reaching $1.30. Strong trading volume would confirm this movement, demonstrating both momentum and market conviction.
Bearish Possibility
Breaking below the $0.68-$0.70 support could trigger panic selling, potentially driving the price down to retest the $0.25 level – the previous macro bottom. From there, we might see a U-shaped recovery pattern form.
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Recent trading has shown a notable spike in volume, often signaling a pivot moment where trend changes or continuations are about to occur. Sustained high volume during upward price movement would support the bullish scenario.
We’re currently at a defining moment for Cardano. If ADA maintains the $0.68-$0.70 support level and breaks out of the wedge pattern with substantial volume, the bullish target of $1.30 becomes realistic. However, failure to hold this support could lead to a deeper correction back to $0.25 before any meaningful recovery can begin.
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