Cardano Price Predictions: Whale data shows large purchases of the currency

- Whales (large investors) are focusing on Cardano, could their sudden movements indicate a major price shift? You will find out the details through our latest Cardano price predictions.

The price of Cardano (Cardano-ADA) has dropped by about 6% in the last 24 hours, under the influence of a profit-taking decision that has dominated the market after the price saw strong increases for several weeks. On the other hand, Cardano's trading volumes have increased by nearly 43% and are approaching $1 billion, confirming that the selling wave may gain momentum again.

Additionally, the market was spooked by the passage of a new law already within the House of Representatives, known as the 'One Big Beautiful Bill Act', which imposes high taxes on American investments held by foreigners and arms the capital markets in the country according to analysts. Consequently, foreign investor participation in U.S. markets will become more expensive if it is approved.

But despite this negative news, it seems that Cardano whales are taking advantage of the recent price drop to buy large quantities of the currency.

In this regard, the famous crypto trader Ali Martinez recently reported on platform X that whales purchased over 180 million Cardano coins worth approximately $13 million during the past week.

This indicates that large investors are buying the currency in large quantities and supporting the bullish price expectations for Cardano.

Cardano Price Predictions: Late buyers can benefit from the upcoming price drop

The daily chart shows that the price of Cardano recently broke below its support level due to a series of losses that lasted for 4 days. However, it is likely that the price will retest this line from below - as a resistance level - which means it could recover soon to at least $0.7500.

If the price fails to rise above the trend line and bounces back again from this line, it could lead to a decline towards the $0.50 area.

Typically, whale activities support bullish Cardano expectations. Therefore, this decline could represent a good opportunity to buy Cardano at a low price, as such pullbacks allow late buyers to benefit from the upward wave by investing at a very low price.

Thus, with new funds and ready liquidity entering the arena, the next rise could push the ADA price towards higher peaks, indicating a possibility of reaching $1.

Look at the ADA price:

#ADA #CryptoTrading. #تحليل_العملات_الرقمية #BTC走势分析 #ADABullish