Cardano Whales Gone Wild!

by

Oh boy, Cardano (ADA) is having a whale of a time 🐳! The 10th-largest cryptocurrency by market capitalization has seen a massive surge in $1 million transactions, because who doesn’t love a good million-dollar party 🎉?

According to Ali, a cryptocurrency analyst who’s apparently not a party pooper 🎂, whale activity on the Cardano network has surged this week. Over 137 transactions of over $1 million each were recorded in the last 24 hours alone. That’s a whole lotta clinking glasses 🥂!

Whale activity on the Cardano $ADA network has surged this week. Over 137 transactions of over $1 million each were recorded in the last 24 hours!

— Ali (@ali_charts) July 19, 2025

This increase in high-value activity is like the cryptocurrency equivalent of a VIP section at a club – it’s all about the whales, baby 🐳! It indicates that these major players are getting in on the action, and we’re not just talking about your average joe blowing off some steam 🎉.

ADA’s price has been on a tear, gaining 75% between June 22 and Friday. That’s like going from zero to hero in cryptocurrency land 🚀! It potentially signals the end of a multimonth downtrend that bottomed out at $0.50 in June. Woohoo! 🎊

Following three days of consecutive gains since July 15, ADA rose to a 20-week high of $0.896 on Friday, where it encountered resistance. Because, you know, all good things must come to an end… or do they 🤔?

At the time of writing, ADA was down 2.7% in the last 24 hours to $0.816, just taking a little breather from all that partying 🤯. But it’s still up 15% weekly, so don’t count it out just yet 😉.

Is a Big Move Coming?

Cardano’s got some momentum going on, and analysts are all like “Hey, maybe it’s time to breakout” 💥! With whale activity heating up and fundamentals remaining strong, some are predicting a potential breakout. Because, you know, that’s what happens when you have a lot of whales doing the cha cha slide 💃!

According to analysts, ADA broke out of a bull flag on the weekly chart, flipping the 50-day simple moving average (SMA) and the 200-day SMA to support. The bull flag’s measured target is $2.70, representing a more than 200% gain if actualized. That’s like hitting the cryptocurrency jackpot 🎰!

As always, caution is key, because whale activity can be a sign of accumulation, but it can also signal a sell-off. So, you know, don’t go betting the farm just yet 🚜. Nonetheless, the sheer volume of million-dollar transactions in a single day makes this an event to follow intently. Stay tuned, folks 📺!

Read More

2025-07-19 19:08