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ZyCrypto 2025-05-21 20:36:54

The $3 Cardano Prophecy: Why Whales Are Accumulating Millions While ADA Battles to Reclaim All-Time High

The $3 Cardano Prophecy: Why Whales Are Accumulating Millions While ADA Battles to Reclaim All-Time High

Cardano (ADA) is in a tight corner after dropping below the psychological price of $0.75, as lower highs and lower lows increase bearish pressure. In technical analysis, lower highs and lower lows depict a downtrend since buyers are not strong enough to push the price as high as before. Therefore, sellers are usually in control in such a situation because they keep pushing the price down further. This explains why , according to CoinGecko data, Cardano has lost 7.1% of its value in the past week and is currently trading at $0.735 . Despite this drop, whales are not relenting in their quest to accumulate more Cardano. They recently purchased more than 80 million ADA, worth a whopping $57 million. Thanks to this development, all hope is not lost for Cardano because whales expect a price increase in the near future. Market analyst Jimmy X recently opined that Cardano was eyeing a bullish reversal that could see the ninth-largest cryptocurrency surge to the $1 price zone based on market capitalization. Source: Jimmy X Crypto analyst Arab Crypta recently shared similar sentiments, stating that ADA had set its eyes on the psychological price of $3 since buyers were continuously defending the neckline. Famed for its peer-reviewed and scientific approach, Cardano is a third-generation blockchain that intends to solve sustainability, interoperability, and scalability issues in earlier networks, such as Ethereum (ETH) and Bitcoin (BTC).

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