Cardano (ADA) is showing signs of a potential breakout. Whales accumulated more than 410 million ADA tokens in April, which many see as a strong indicator of Cardano’s future price action.
Backed by robust technical setups and historical comparisons, analysts are setting ambitious targets for ADA, including a possible rise to $9 in the next bull cycle.
Cardano’s price is currently around $0.70, showing slight daily gains of 0.20%. While this may seem modest, underlying signals suggest that much bigger moves could occur over the coming months.
Whales Accumulate 410 Million ADA in April
According to crypto analyst Ali, large wallet investors added over 410 million ADA in April alone. This accumulation spree reflects growing confidence among whales who invest with longer-term horizons and deeper market insight.
Ali’s chart shows a steady increase in ADA holdings among wallets holding 10 million to 100 million tokens. Traders closely watch such whale activity because it often signals the early stages of major market shifts. With whales positioning heavily, retail traders are speculating whether ADA is preparing for a significant upward move.
Analyst Sees Path to $1.40, $3.20, and Beyond
Crypto analyst Crypto NL added to the bullish narrative by highlighting ADA’s current technical pattern, which he compares to its 2018–2021 accumulation phase.
After breaking out of this accumulation range, Cardano’s price surged by 1,300% in the previous bull cycle.
Currently, ADA has retested the top of this range. Crypto NL believes only a 90% price move is needed to reach $1.40, a key level that could ignite the next wave of bullish momentum. From there, a 140% move could take ADA back to its all-time high of $3.20.
Perhaps the most eye-catching prediction from Crypto NL is that $9 is within reach once ADA surpasses its previous high. He emphasizes that this is a “mild prediction,” suggesting the potential for even bigger gains in a strong market environment.
Cardano Price Action: Quiet Strength Beneath the Surface
Cardano’s recent performance reveals steady, if not flashy, gains. ADA has climbed 9.38% in the last month, backed by a solid 109.49% rise over the past six months.
Year-to-date, ADA remains down 17%, but on a 12-month basis, it has gained 52.88%. These figures indicate that while ADA has faced challenges, it has demonstrated resilience and has outperformed many other altcoins over a longer timeframe.
Currently, Cardano (ADA) sits about 57.71% below its all-time high, suggesting that there is still significant room for growth if bullish catalysts continue to build.
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