Key Insights
- Whale accumulation and rising CMF show strong money inflows, factors that could positively impact the Cardano price.
- Fresh buy signals, including a golden cross and TD Sequential, support bullish momentum.
- A breakout above $1 could unlock a 35% rally toward $1.35, while $0.85 acts as key support.
Cardano price is once again testing an important level. After weeks of slow moves, ADA now trades just under the $1 mark.
This level has been hard to cross in the past, but signs are building that a breakout may finally be close.
From whale buying to fresh trading signals and a bullish chart setup, ADA price could be preparing for a larger rally.
Whale Accumulation and Retail Buying Back Cardano Price
One of the strongest signs comes from whale activity. On-chain data shows that large holders have added more than 40 million ADA in the past 24 hours.
The latest whale buying indicates that the Cardano price may surge from current levels.
The Chaikin Money Flow (CMF), which tracks whether money is entering or leaving the market, has also been climbing.
A rising CMF means more money is flowing into ADA, adding more credibility to the whale buying story. However, the CMF needs to peak higher for the breakout narrative to hold.
Retail traders are also playing a role. The On-Balance Volume (OBV), a tool that tracks trading volume alongside price, has been moving up, despite flatlining for a small period now.
This means that even smaller buyers are stepping in, helping to support the case for higher prices. It is worth noting that even though OBV dipped for a while, buyers have again started to make their presence felt.
Fresh Buy Signals Emerge for Cardano Price
The charts are also showing buy signals. Cardano price has recently confirmed a golden cross, which happens when the 50-day moving average moves above the 200-day moving average.
Traders see this as a classic sign that a new uptrend may continue.
Another signal comes from the TD Sequential, a tool that often marks turning points. It has now shown a clear buy setup, suggesting that Cardano may have finished its recent down moves and could be ready for a push higher.
This finding lines up with the pattern breakout narrative.
These signals are simple but important. They tell us that both short-term and long-term trends are lining up in favor of buyers.
Technical Setup and Why $1 Matters for Cardano Price
The technical chart is now showing a cup and handle pattern. This is a bullish setup that often points to higher prices once the handle breaks out.
In Cardano price case, the neckline of this pattern sits right around the $0.95 to $1.00 zone.
A strong breakout above this zone could set up a ADA price target near $1.31, which would mean a gain of over 40% from current levels.
That kind of move would bring back confidence after months of sideways action.
But there are risks too. If the price fails to hold above $0.85, the bullish setup could weaken. Traders should also keep an eye on global events, such as central bank rate decisions.
If a “sell the news” reaction happens, ADA could face short-term pressure before continuing higher.
Adding to the bullish case, Cardano also ranks near the top in terms of staked value. More than 21 billion ADA is currently staked, worth over $18 billion.
If this amount were counted as total locked value (TVL), Cardano would be second only to Ethereum. This shows strong network support, which may help limit downside risk.
The Cardano price is once again at a critical point. Whale buying, fresh signals on the chart, and a bullish technical setup are all moving together.
If the ADA price can finally clear the $1 barrier with strength, the door could open to a much larger rally. Until then, traders will have to wait.