Cardano News: ADA Price Eyes $2 Breakout, Trading Volume Hits All-Time High

Cardano news: Cardano’s (ADA) trading volume achieved new peak levels, reaching numbers not observed since the token hit its all-time high of $3.10.

The on-chain activity has increased significantly as whales continue to rapidly acquire larger amounts of ADA, fueling market predictions for a future Cardano price surge.

ADA Trading Volume Hits Record Highs

On-chain analytics platform TapTools showcased that Cardano achieved its maximum trading volume, surpassing its previous record set in 2021. When high trading volumes continue, market participation combined with increased liquidity depth normally occurs before prices rise.

“Historically, volume precedes major price movements as capital rotation accelerates within an asset class,” TapTools stated in a post on X.

Despite the heightened activity, ADA’s price remains below the $1 mark. It is currently trading at $0.9446, down 0.63% in the last 24 hours. The discrepancy between volume and price has led analysts to speculate on whether accumulation is underway before a broader market move.

Cardano Whale Accumulation Signals Confidence

Crypto analyst Al Martinez highlighted that large investors have been aggressively accumulating ADA. In the past 24 hours alone, whales acquired over 420 million ADA tokens, reinforcing bullish sentiment.

“Cardano is consolidating within a right-angled descending broadening wedge. A breakout above $1.14 could trigger a strong upward move toward $2,” Ali posted on X.

Whales are often regarded as “smart money,” accumulating assets before broader market rallies. Their buying activity suggests confidence in ADA’s upside potential, with some analysts predicting a major price surge in the near term.

Ali noted that ADA is consolidating within a right-angled descending broadening wedge. A breakout above $1.14 could trigger a strong move toward $2.00, aligning with Fibonacci extension analysis that points to a potential run to $2.20 in the coming weeks.

Trump’s Crypto Reserve Sparks Speculation

Adding to the bullish narrative, U.S. President Donald Trump recently announced plans for a Crypto Strategic Reserve that will include ADA. The revelation caused an immediate 70% price spike for Cardano before a pullback.

“My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump posted on Truth Social.

Despite the token’s inclusion in Trump’s reserve, Cardano founder Charles Hoskinson has reportedly been left out of the White House’s crypto summit on Friday. The exclusion has raised questions about the project’s role in upcoming regulatory discussions.

ADA Eyes Multi-Year Highs Amid Bullish Momentum

Market sentiment around Cardano remains strong, with some traders eyeing a return to its 2021 highs above $3.00.

Crypto commentator Lucky emphasized Cardano’s global attention, predicting it could break into the top five cryptocurrencies by market capitalization this year.

“$ADA has big eyes around the globe; reaching the top 5 this year is not a big deal, IMO,” he stated.

If bullish catalysts align, ADA could emerge as one of the top-performing assets in the next market cycle. For now, traders are watching whether Cardano price can break the critical $1.14 resistance and sustain its current momentum.