• Cardano broke key resistance levels and shows bullish momentum on daily and 4-hour charts.

  • $932M ADA outflows suggest reduced sell pressure and mirror the 2021 pre-rally trend.

  • Pending fraud audit could sway investor sentiment and significantly impact ADA’s short-term price.

Cardano's ADA is stretching, gearing up, and looking ready to run again. Bulls reclaimed the $0.75 support level with confidence. Large investors started grabbing ADA like it’s a limited edition drop. Whales moved fast. Retail traders followed. With strong technicals and a massive $932 million exchange outflow this year, eyes are back on ADA. Can this be the spark before another breakout? Let’s break it down and see what’s brewing beneath the surface.

https://twitter.com/tradingdiff/status/1925552725598580789 Chart Signals Flash Bullish Momentum

Technical indicators paint a strong recovery story. ADA flipped the $0.756 level into support. This area marked a key swing high from March. Reclaiming it changed the tone from cautious to bullish. The On-Balance Volume (OBV) indicator climbed sharply. The Relative Strength Index (RSI) bounced off the neutral 50 line. That signals momentum swinging back into bullish hands. On the 4-hour chart, ADA broke a stubborn descending trendline. That move, paired with rising OBV and RSI, gives the bulls solid footing.

The $0.68–$0.74 range now serves as the new battlefield. If that holds, $0.84 becomes the next target. From there, $1 sits on the horizon like a magnet pulling price forward. That psychological level always attracts volume. If momentum holds steady, the $1.32 level could come next. Analysts marked it as a key price to watch. But if support breaks, ADA might fall back to $0.55. That’s where bulls will need to regroup.

Whales Move First, Traders Follow

Whale wallets recently scooped up over 40 million ADA in just two days. That kind of aggressive accumulation doesn’t go unnoticed. These aren’t casual buyers—they know something or believe something big is coming. Exchange outflows reached $932 million this year alone. That pattern echoes 2021, right before ADA soared to $3.10. Reduced supply on centralized platforms often hints at bullish sentiment. Fewer coins to sell means more pressure on buyers.

Binance traders back that up. Coinglass reports 74% of ADA trades are buy orders. The long/short ratio stands close to even, but the majority lean long. Open interest in futures now sits at $859 million. Still, one wild card could change everything. An audit is underway, investigating fraud allegations against Cardano’s founder, Charles Hoskinson. A third-party firm is handling the report. Hoskinson plans to exit the public spotlight once it’s released.

For now, Cardano is building steam and showing strength across charts and sentiment. Whale accumulation and exchange outflows suggest belief in a rally. Traders lean bullish, and technicals favor upside potential. The audit report remains a wild card—but if cleared, ADA could explode.