Exchange Outflows Reach $932M as Bulls Target $1.32

TLDR

• Cardano saw $932M in ADA outflows from exchanges in 2025, similar to patterns before its 2021 rally to $3.10
• ADA currently trades at $0.74, with 74% of Binance traders holding long positions
• An audit report addressing fraud allegations against Charles Hoskinson is expected to impact price
• Bulls have reclaimed the $0.75 level as support, creating a bullish structure on daily and 4-hour charts
• Multiple technical indicators suggest a potential rally toward $0.9 or even $1.32

Cardano (ADA) has been gaining momentum in recent weeks, with bulls reclaiming key price levels and exchange outflows reaching $932 million in 2025. These outflows mirror patterns seen before Cardano’s historic rally to $3.10 in 2021, sparking renewed investor interest.

The cryptocurrency currently trades at $0.74, showing intraday gains as bulls defend this support zone. Technical data reveals that for the upward trend to continue, ADA must maintain trading above the $0.68-$0.74 range.

If Cardano price holds this level, analysts point to a resistance zone at $0.84 as the next target. Breaking above this level could push the asset toward the psychologically important $1 mark, with further increases potentially reaching $1.32.

However, losing the current support zone could see ADA price retreat to $0.55.

Bullish Signals Emerge

The breach of the $0.756 level marks a key development, as this represented a swing high from mid-March during ADA’s drop from $1.15 to $0.55. Reclaiming this level as support signals strength among buyers.

On the technical front, the On-Balance Volume (OBV) indicator has been trending higher, showing substantial demand for ADA in recent weeks. The Relative Strength Index (RSI) has tested the neutral 50 level as support and appears to be climbing higher.

The 4-hour chart also shows a bullish structure, with ADA breaking through a descending trendline resistance. This technical breakout, coupled with the OBV’s upward movement, suggests momentum has turned positive.

Trading data from Binance offers additional confirmation of market sentiment, with 74% of ADA-related trades on the platform being buy orders. This indicates traders expect prices to rise after weeks of consolidation.

Audit Report Looms

An important factor that could influence Cardano’s price trajectory is an ongoing audit into fraud allegations involving founder Charles Hoskinson. The allegations claim Hoskinson altered information in the ADA ledger to improperly transfer funds.

To address these concerns, Input Output Global has commissioned an independent audit firm and legal team to prepare a report clarifying the situation. Hoskinson has stated he will step back from public appearances once the report is released, letting a media team handle his social media interactions.

The outcome of this audit could serve as a catalyst for ADA’s price, either boosting or undermining investor confidence depending on the findings.

Futures contract data shows $859 million in active ADA contracts, suggesting traders are positioning for a potential move toward the $1.32 target. The high leverage and buyer confidence indicate that any positive catalyst could accelerate this upward movement.

Recent analysis also shows that whales have accumulated over 40 million ADA within a two-day period, signaling rising confidence among large investors. This accumulation, combined with the price breaking past key resistance at $0.70, confirms a bullish breakout pattern.

For the rally to gain further momentum, sustained demand will be crucial. Traders should watch for increased trading volume to confirm the breakout, while also monitoring Bitcoin’s performance, which could provide additional market-wide momentum if it breaks beyond its $108.7k all-time high.

The long-term range low at $0.69 has been reclaimed as support in early May, with bulls maintaining recovery momentum since then. If this trend continues, Cardano appears positioned to test higher resistance levels in the coming weeks.

With the current price structure and increasing demand indicators, the path toward $0.9 and potentially $1.32 remains a reasonable target for ADA, provided market conditions remain favorable.