Tech

140M ADA Sold: Is the Cardano Rally Over?

6 hours ago
Bitcoin Ethereum News

Key Notes

  • Over 140 million ADA tokens were sold by large holders in the past two weeks.
  • ADA’s bullish flag breakout hints at further upside potential.
  • Analyst forecasts a possible rally to $1.86, a 110% surge from current levels.

Cardano

ADA
$0.88



24h volatility:
1.2%


Market cap:
$32.30 B



Vol. 24h:
$1.59 B

has been on a recovery streak this week, climbing from $0.80 to around $0.88 at the time of writing.

This resurgence comes even as ADA whales have trimmed their holdings to 5.46 billion tokens.


According to crypto analyst Ali Martinez, investors holding between 1 million and 10 million ADA offloaded over 140 million tokens, roughly worth $120 million, in the past two weeks.

Despite the selling pressure, technicals suggest bullish momentum for the tenth largest cryptocurrency.

A bullish flag pattern on the 3-day chart was confirmed this week, with a successful retest confirming the breakout signal.

Popular analyst Clifton predicts that ADA could rally further in the coming days.

Meanwhile, crypto commentator Bitcoinsensus noted a repeating bullish scenario. He pointed out that Cardano’s prior uptrend saw a 360% rally from $0.511 in June 2024 to $1.33 in December 2024.

Bitcoinsensus believes that ADA is gearing up for another breakout and could potentially surge 260% from June’s lows to $1.86. If this price target is hit, it would represent a 110% price rally from current levels.

ADA Price to Surge?

On the daily ADA price chart, the RSI is suggesting room to move higher before reaching overbought conditions.

ADA price chart with RSI and Bollinger Bands. | Source: Trading View

ADA price chart with RSI and Bollinger Bands. | Source: Trading View

The Bollinger Bands show the price approaching the upper band, which can act as resistance but also indicates volatility and momentum.

If ADA fails to sustain above the lower band around $0.78, it may slide back to $0.75 or lower, signaling bearish pressure.

Meanwhile, the MACD has recently crossed above the signal line, pointing to increasing bullish momentum. If ADA holds above key support at $0.85, traders could see bullish scenarios targeting $1.05 and eventually $1.20.

ADA price chart with MACD. | Source: Trading View

ADA price chart with MACD. | Source: Trading View

Best Wallet Presale Nears $15M Mark

Cardano may be chasing $1, but Best Wallet ($BEST) is stealing the buzz with one of the top crypto presales of 2025, already raising $15.7 million.

The project is building a secure, non-custodial multi-chain wallet that makes it simple to buy, hold, swap, and sell across 50+ blockchains.

$BEST holders get more than just a wallet. They unlock exclusive access to new tokens, earn up to 84% APY through staking, and tap into an ecosystem that includes Best Wallet, Best DEX, and Best Card.

With massive demand already, this presale is shaping up to be one of the most exciting launches of the year.

Best Wallet’s Presale Overview

  • Ticker: BEST
  • Funds Raised: $15.7 million
  • Current Price: $0.025625

Interested in joining the presale? Feel free to check out our step-by-step guide on how to buy Best Wallet (BEST).

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn


Source: https://www.coinspeaker.com/140m-ada-sold-is-the-cardano-rally-over/