Cardano (ADA) is trading near $0.99 after an impressive 12% gain over the past week, even as the broader market shows signs of cooling. In a notable move, a whale withdrew $20 million worth of ADA from exchanges on April 24—historically a bullish signal that often precedes major price rallies. Whale Withdrawal: $20 million ADA moved off exchanges Current Market Cap: ~$24.68 billion 24-Hour Trading Volume: $540.9 million JUST IN: More than 20 million $ADA has been pulled from exchanges in the last 7 days—pointing to rising accumulation and long-term confidence in Cardano. pic.twitter.com/5Kow3irQs6 — TapTools (@TapTools) April 24, 2025 ADA remains supported above its key 50-day EMA ($0.6867), and the Relative Strength Index (RSI) at 38 suggests there’s still room for buyers to push higher. These technicals, combined with shrinking exchange supply, point to a setup where a sustained move above $1 could finally be within reach. Hydra Upgrade and DeFi Expansion Boost Fundamentals; Cardano Supported Beyond whale movements, Cardano’s ongoing protocol upgrades are enhancing its long-term strength. Hydra, the layer-2 scaling solution, successfully executed its first mainnet transaction batch, dramatically improving transaction speed and positioning Cardano as a serious player in high-frequency decentralized applications (dApps). Meanwhile, Mithril—a lightweight data certification protocol—is improving the wallet user experience by reducing sync times, making onboarding smoother for new users. Lend and earn yield directly from your wallet up to 20% APY, Powered by @liqwidfinance Track your rewards and liquidity in real time all from your wallet. pic.twitter.com/GQfzLdxpyA — Begin Wallet – The Cardano Wallet (@BeginWallet) April 24, 2025 Cardano’s DeFi presence is also gaining traction. Begin Wallet’s partnership with Liqwid Labs now enables stablecoin lending with returns up to 21% APY, providing passive income opportunities and attracting broader market interest. Hydra Rollout: Sub-second transaction settlements achieved Mithril Upgrade: Faster, lighter wallet syncs DeFi Boost: 21% APY on stablecoin lending via Begin Wallet This layered growth story strengthens Cardano’s appeal beyond just price speculation, supporting a foundation for a potential $1+ breakout. Cardano Faces Make-or-Break Resistance at $1 Despite bullish developments, ADA faces a critical technical barrier. The $0.99–$1.00 resistance zone aligns with a major descending trendline from February highs. Although ADA reclaimed its 50-day EMA, the MACD momentum is flattening, suggesting a cautious approach is still necessary. For traders, this is a textbook “breakout or fakeout” moment. A confirmed move above $1 with strong volume could open the door toward $1.05–$1.12. However, failure to clear this zone risks a pullback toward $0.6620 or even $0.5950. Trade Plan: Buy breakout: Above $1.00 Upside targets: $1.05 and $1.12 Sell on breakdown: Below $0.6860 Downside targets: $0.6620 and $0.5950 Stop-loss: Below $0.6860 for longs, above $1.00 for shorts Patience remains key—confirmation is essential before taking positions at major psychological levels like $1. BTC Bull Token Crosses $5M Milestone as 81% Yield Boosts Staking Demand Investor momentum behind BTC Bull Token ($BTCBULL) remains strong, with the Ethereum-based project officially surpassing the $5 million mark in its ongoing presale. As of today, $5.05 million has been raised out of a $5.74 million target, signaling rising urgency among buyers as the next price jump approaches. The current token price stands at $0.00248, offering a limited window before another repricing. High-Yield Staking with Flexible Access BTCBULL continues to set itself apart from typical meme assets by focusing on sustainable utility. The project’s staking program offers an estimated 81% annual yield, complemented by Bitcoin-backed distribution rewards. Crucially, users retain full liquidity with the ability to unstake anytime—no mandatory lockup periods or penalties. Latest Staking Snapshot: Total Tokens Staked: 1,293,025,857 BTCBULL Estimated Annual Yield: 81% APY Unstaking: Available at any time This flexible structure appeals to both yield hunters and investors seeking upside potential without giving up liquidity. Presale Snapshot: Final Stretch Before Repricing With less than $683,000 left before the next price adjustment, BTCBULL’s presale is rapidly entering its final stages at the current rate. Investors are securing positions before the project’s valuation steps higher. Presale Metrics (Updated): Token Price: $0.00248 USDT Raised: $5,058,002.58 out of $5,741,234 target BTCBULL combines an aggressive yield model with meme-token upside, carving out a niche for investors looking for more than just speculative trading. As the remaining funding gap narrows, the next price increase could arrive imminently—rewarding early movers in the process. The post Cardano Price Approaches $0.99: Will ADA Finally Break $1 Resistance in May 2025 appeared first on Cryptonews .
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