In just the past week, the value of Cardano (ADA) has skyrocketed by around 30%, and it’s also seen a 5% increase over the last day. The trading volume for ADA has now hit $1.5 billion, while its market capitalization is nearing an impressive $40 billion.
right now, the ADX stands at 53.8, indicating a robust upward trend. Two golden crosses that occurred between January 2 and January 3 have added weight to this bullish outlook. As ADA nears crucial resistance points, its capacity to preserve this momentum becomes vital for continued growth.
Cardano ADX Shows a Strong Uptrend
The Current Average Directional Index (ADX) of Cardano is 53.8, suggesting an extremely robust trend direction. The ADX scale ranges from 0 to 100, with values exceeding 25 indicating a strong trend and those less than 20 hinting at weak or non-existent momentum.
As an analyst, I’ve observed that the ADX of ADA has consistently remained above 50 since January 4, indicating a sustained bullish momentum. This is a notable rise from the initial ADX value of 11.8 on January 1, suggesting a marked increase in the intensity of the trend as ADA began its current upward trajectory.
As a researcher, I find myself intrigued by the ADX value at 53.8 for ADA, indicating that its upward trend is robustly backed by substantial market confidence. The recent surge from initially low levels this month underscores growing momentum, suggesting potential for further price increases if this trend persists.
Keep an eye out for indications of a possible trend fatigue since extremely high ADX values (above 50) might signal that the trend’s power could be peaking. For Cardano to maintain its upward trajectory, persistent purchasing enthusiasm and market involvement are essential.
ADA Whales Started 2025 Accumulation
Since the beginning of 2025, there’s been a growth in the number of ‘ADA whales,’ or accounts holding between 10 million and 100 million ADA. Initially starting at 404 on January 1st, this figure rose to 407 by January 5th, suggesting that large-scale holders are once again acquiring more ADA.
Right now, there’s been a slight decrease to 406, indicating small variations, yet suggesting overall consistency in whale behavioral patterns.
Monitoring whale behavior is important as these significant players can impact financial markets. When they amass assets, it often indicates rising conviction in the value of that asset, which may lead to price growth due to a decrease in available assets for trading and an increase in demand.
Regarding ADA’s price, the increase in the number of ‘large investors’ (whales) indicates a favorable forecast, hinting at the potential prolongation of the ongoing upward trajectory if these whales continue to accumulate ADA. However, a change in this pattern could be an indicator of shifting sentiments, which might affect ADA’s momentum negatively.
Cardano Price Prediction: Will the Rally Continue?
Over the span of January 2nd to 3rd, the Exponential Moving Average (EMA) lines for Cardano’s price displayed two golden crossings, which typically indicates robust bullish strength. These golden crossings played a crucial role in triggering a substantial 30% increase in ADA’s value over the past week.
Right now, the quick EMA (Exponential Moving Average) lines are sitting higher than the slow ones, signaling a robust bullish trend that’s been consistently moving upwards.
If the ongoing upward trend remains strong, it’s possible that the Cardano price might challenge the significant resistance point at around $1.18. Should this level be breached, it could open up possibilities for additional growth, with potential targets at $1.24 and $1.32. This is especially likely if the ADX continues to support the robustness of the uptrend.
Should an uptrend show signs of softening, I would anticipate ADA dipping towards the support level at around $1.03. If this support were breached, a substantial correction could ensue, potentially driving the price down to test the levels of $0.91 and even $0.82.
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2025-01-07 22:38