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ADA, the native token of the Cardano blockchain, appears bullish as whales and institutions have begun accumulating the token, potentially hinting at an upcoming rally. Today, February 13, 2025, a prominent crypto expert shared a post on X (previously Twitter), stating that crypto whales have moved over 70 million ADA tokens from exchanges in the past four trading days.
These liquidation levels will be triggered if the price moves in either direction.
Cardano (ADA) Technical Analysis and Upcoming Levels
According to expert technical analysis, ADA appears bullish but is currently facing mild resistance, creating a hurdle for the asset to soar. Based on recent price action and historical patterns, if ADA successfully breaches the resistance level and closes a daily candle above $0.85, there is a strong possibility it could surge by 33% to reach $1.13 in the future.
ADA is currently trading near $0.789 and has experienced a modest price surge of over 2.35% in the past 24 hours. However, during the same period, its trading volume dropped by 40%, indicating lower participation from traders and investors compared to the previous day.