Can Cardano Price Hit $0.83? Top Analyst Predicts Sparkling Optimism Amid ETF Filing
The Cardano price has recently seen a minor decline of over 1%, currently trading at $0.7897. Despite this, the Cardano ADA price has remained strong on the weekly chart, showing a 2% increase. This price movement is particularly impressive given the current volatility in the crypto market, especially after the US CPI inflation release.
Read Cardano Price Prediction 2025 for more insights
Market Trends and ADA’s Recent Performance
While Bitcoin and other altcoins have struggled in recent days, Cardano has managed to hold its ground. ADA has faced resistance at $1.10 since mid-November 2024, resulting in a short-term price correction. Recently, the price tested key support levels between $0.68 and $0.76.
However, Cardano has recently bounced above its falling logarithmic trend, suggesting the possibility of a bullish breakout. If this momentum continues, ADA price prediction suggests that it could approach its all-time highs.
Also Read: Polygon Price Prediction 2025, 2026 – 2030: Will MATIC Price Scale To $1?
Whale Activity and Institutional Confidence
One of the main factors supporting Cardano price prediction 2025 is the growing accumulation by large ADA holders. Wallets holding at least 1 million ADA have steadily increased their holdings since November 2023, adding 1.41 billion ADA, which represents 2.35% of the total supply. This indicates strong confidence among institutional investors and whales, which is a positive sign for the ADA price in the future.
Info Box: Key ADA Accumulation Statistics
Wallets holding at least 1 million ADA added 1.41 billion ADA since November 2023.
This accumulation represents 2.35% of the total supply.
Long-Term Holding Momentum
The Cardano ADA market also shows a shift toward long-term holding strategies. Data from Santiment reveals that ADA holders who have kept their assets for over a year increased their holdings by 1.81%. Mid-term holders grew their positions by 7.65%, while short-term traders saw a decline of 11.75%.
This shift in investor behavior highlights the growing confidence in the price of Cardano, suggesting that investors believe in its long-term potential.
Despite short-term declines, Cardano shows impressive resilience in a volatile market. The accumulation by large holders and the shift toward long-term investing strengthens the ADA price prediction, making Cardano price prediction 2025 more optimistic. If these trends continue, ADA price could see significant growth in the coming months.