ADA outflows surpass $932M, mirroring 2021 trend before its surge to $3.10.
Whale accumulation tops 120M ADA in days, boosting expectations of a breakout rally.
ADA futures open interest jumps 26%, with 74% of trades on Binance marked as buys.
Cardano (ADA) is showing signs of a potential breakout, following a double-bottom pattern that resembles earlier bullish setups. With Bitcoin breaking its all-time high, traders are watching ADA closely as altcoins could follow. Technical indicators and whale accumulation are now aligning, suggesting ADA may soon move higher.
Price Structure Mirrors 2021 Setup as Exchange Outflows Increase
According to data shared by TapTools, over $932 million worth of ADA has been withdrawn from centralized exchanges in 2025. This mirrors outflows seen in 2021, just before ADA surged to its all-time high of $3.10. Reduced exchange supply may indicate that holders are moving assets to cold storage rather than preparing to sell.
At the time of writing, ADA trades around $0.8002. Support is seen between $0.68 and $0.74, with resistance at $0.84. A break above that level may open the path toward $1, with $1.32 as a key technical target.
https://twitter.com/Av_Sebastian/status/1925263042293444908
Traders are watching these zones for confirmation of the current trend. According to data by CoinGlass, ADA futures open interest rose to $958.11 million, with a 26.42% daily increase. This suggests growing trader commitment toward further upside movement.
On-Chain and Technical Indicators Show Rising Momentum
Cardano has also seen strong on-chain signals, with whales accumulating more than 40 million ADA in two days. According to recent data, another 80 million ADA was acquired shortly before the current price breakout. This activity often coincides with expectations of larger price movements.
Coinglass reports show that 74% of ADA-related trades on Binance were buy orders. The Long/Short Ratio stands near 0.97, showing more long positions than short. This reflects strong sentiment among retail and institutional participants.
According to an observation by trader Lennaert, “ADA is setting up for a glorious rally.” He noted a clean bounce off liquidity levels and a bullish trend on higher time frames. A move past the all-time high could target $4.90.
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