Crypto: Cardano is Set to Surge - Here’s Why!

With the strong return of Bitcoin, Cardano (ADA) also seems to be waking up. The price of ADA could well be starting to rise, supported by increased activity from “whales” and upcoming events. These elements promise a bright future for this cryptocurrency. In this article, we’ll explore how these factors influence the price of ADA and what prospects they open up for investors.

Crypto: Whales in action, ADA waiting

While Bitcoin is stabilizing, ADA remains firm at $0.44, ready to leap. The activity of “whales,” these heavyweight investors, is a promising sign.

Indeed, according to data from IntoTheBlock, a notable increase in accumulation by these major players often precedes a price increase.

As highlighted by Santiment analysts: “Cardano is experiencing the most bearish trend in over a year. Betting against the majority can be lucrative.“

The increased participation of whales could well push the price of ADA to new heights.

• Current ADA price (at the time of writing): $0.42;
• Short-term target: $0.49.

At the same time, investor sentiment is approaching neutral territory, which could trigger an upward movement. Technically, the Awesome Oscillator (AO) shows a momentum shift in favor of buyers, reinforcing the idea of an upcoming rise.

Upcoming events: A springboard for Cardano

The prospects of ADA are also supported by key events. The Chang update, scheduled for late July, could boost the market.

Furthermore, developments such as the introduction of the Ethereum ETF and a Trump conference on Bitcoin could strengthen overall market sentiment.

The liquidity flow, as measured by the Chaikin Money Flow (CMF), is positive for ADA, indicating support to reach the $0.49 target.

ADA thus seems to have the wind at its back, especially as market conditions improve. However, in the event of a downturn, a fallback to $0.42 is possible, offering a buying opportunity for savvy investors.