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What’s Next For Cardano Price As Whales Scoop 180M ADA

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1 day ago

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Over the past week, Cardano (ADA) has seen an influx of whale accumulation, with large investors purchasing over 180 million ADA tokens. This activity suggests renewed interest from institutional and high-net-worth investors, indicating confidence in the long-term trajectory of the Cardano price. Such accumulation phases have historically been linked to price stabilization and upward momentum.

Whale Accumulation Signals Confidence In Cardano

According to data from Santiment, wallets holding between 1,000,000 and 10,000,000 ADA have increased their holdings significantly. Crypto analyst Ali Martinez noted that these investors have accumulated over 180 million ADA within a short period, reflecting sustained interest despite market fluctuations.

Whale accumulation is often linked to price movements, as large-scale purchases reduce circulating supply. This trend has previously preceded bullish phases in Cardano price, especially when buying pressure remains steady. 

Meanwhile, recent analysis shows that ADA price may rally as high as $36, aligning with the speculation fueled by the Simpsons’ prediction. Despite ADA’s current bearish trend, analysts point to key support at $0.70, growing market interest, and ETF discussions as potential catalysts for a strong recovery.

Despite the strong accumulation, Cardano price has experienced fluctuations in recent weeks. Market analysts emphasize the importance of key support and resistance levels in determining whether the price will consolidate or break out into a new uptrend. Retail traders remain cautious, as past whale movements have not always resulted in immediate price gains.

Analyst Eilert’s Take On Price Patterns

Additionally, Crypto analyst Eilert observed that Cardano price is following a structure similar to its previous market cycle. In the last cycle, ADA retraced 52% from its high before entering an 11-week consolidation phase. This period of sideways movement allowed for accumulation before a significant breakout. Historical patterns suggest that similar price behavior has often led to strong bullish moves, especially when support levels hold.

Currently, ADA has retraced 47% from its recent cycle high and is now in its fifth week of consolidation. This mirrors the past cycle, indicating that Cardano whale activity may be reinforcing a new accumulation phase. If the pattern continues, ADA could be positioned for a major price move, provided market conditions remain favorable.

Cardano priceCardano price
Source: X

In the previous market cycle, the top altcoin rallied 4,000% from a similar support zone after a prolonged consolidation. While past trends do not guarantee future performance, historical data suggests that prolonged accumulation often precedes a price surge.

At press time, Cardano price is trading at $0.6924, reflecting an 11.82% decline in the last 7 days. During this period, ADA dropped from a high of $0.7849, with its market cap shrinking by 7.37% to $24.39 billion.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Brushes $83K, XRP Jumps 7%, & KAS Adds 16%

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2 hours ago

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March 12, 2025

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Crypto Market Today (March 12): Bitcoin (BTC) price regained an upward trajectory after a bloodbath, briefly touching $83K as of early Asian hours on Wednesday. Major-league altcoins such as XRP, Solana (SOL), and Ethereum (ETH) have followed, surging 1%-7% intraday. Notably, Kaspa (KAS) has led the broader market gains, soaring 16%.

Crypto Market Today: BTC & Altcoins Bounce Back After Dip

The crypto market added 3.5% value intraday, as indicated by a global market cap of $2.67 trillion. Further liquidations from yesterday declined by over 58% and reached $389.61 million (Coinglass data), offering relief to prices.

Intriguingly, the digital asset sector appears to be digesting trade war tensions post-Trump’s new tariffs as well as rising fears of a U.S. recession.

BTC Price Touches $83K High Intraday

After crashing to a multi-month low of $76K, BTC price regained a rising trajectory today, exchanging hands at $82,120. The flagship crypto rose over 3% intraday, hitting a low and a peak of $79,059.43 and $83,737.45, respectively.

Bitcoin’s market dominance saw a 0.22% upswing to 61.27%, undermining altcoins’ gains. Market watchers anticipate whether it is finally the time for a rally in light of the recent U.S. strategic Bitcoin reserve announcement.

ETH Price Jumps 1%

ETH price managed to gain only 1% in the past 24 hours, closing in at $1,863. The crypto hit an intraday bottom and peak of $1,842.15 and $1,961.80 in the past 24 hours. Ethereum’s market dominance slipped to 8.5%, a considerable decline from previous levels of above 9%.

XRP Price Soars 7%

XRP price witnessed a remarkable 7% uptick in value intraday and exchanged hands at $2.15. The coin bottomed and peaked at $2.05 and $2.24, respectively. Ripple’s native coin surged in tandem with Franklin Templeton’s S-1 filing for an XRP ETF recently.

SOL Price Gains 2%

SOL price witnessed gains worth 2% in the past 24 hours and exchanged hands at $122. The crypto’s 24-hour low and high were $118.87 and $128.15, respectively. Solana’s price rose alongside the broader market trend this Wednesday.

Meme Crypto Market Today

Meme coins’ prices have also mirrored an uptrend in sync with other coins’ prices today. Dogecoin (DOGE) price witnessed a 4% uptick and traded at $0.1610. Shiba Inu (SHIB) price followed, gaining 3% to $0.00001190. Pepe Coin (PEPE) was up by a remarkable 7% and rested at $0.000006204.

Top Crypto Market Gainers Today

Meanwhile, some coins have led the broader market gains today, capturing noteworthy investor attention as they signal a potential recovery-trend brewing.

Kaspa (KAS)

Price: $0.06836
24-Hour Gains: +16%

Celestia (TIA)

Price: $3.21
24-Hour Gains: +14%

Bittensor (TAO)

Price: $256.5
24-Hour Gains: +12%

Top Crypto Market Losers Today

Ethena (ENA)

Price: $0.3722
24-Hour Loss: -7%

Maker (MKR)

Price: $1,078.61
24-Hour Loss: -4%

TRON (TRX)

Price: $0.2229
24-Hour Loss: -3%

Overall, the broader market’s rising action has sparked considerable hope among traders and investors about a potential price recovery cooking. Nevertheless, it’s worth considering the highly volatile nature of digital assets could soon bring riveting movements back into action.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Will Ethereum Price Crash Below $1,500 Before Market Rebound

Published

5 hours ago

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March 12, 2025

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Ethereum price action is currently at a critical juncture, with MVRV pricing bands signaling key support at $1,440 amid growing bearish pressure. Market indicators suggest weakening strength, while large whale transactions to exchanges raise concerns about increased selling pressure. Therefore, the coming days will be crucial in determining whether ETH can recover or extend its downtrend below $1500.

Ethereum Price Testing Key Levels

Notably, the Market Value to Realized Value (MVRV) pricing bands indicate Ethereum has reached essential price thresholds. Analyst Ali Martinez has determined the Realized Price to be $2,060 at present. The next significant support point for Ethereum price exists at $1,440 when its price fails to stay above the Realized Value threshold of $2,060.

ETH PRICEETH PRICE
Source: X

According to MVRV pricing bands, Ethereum price shows reduced market strength while existing closer to its lower boundary deviation point. These bands indicate the price levels the top altcoin must surpass to trigger a market recovery or extend its downward trend.

More so, recent analysis suggests that the upcoming Blood Moon Lunar Eclipse could play a role in Ethereum’s price action, potentially triggering heightened volatility. While some analysts predict a bullish reversal due to historical lunar cycle trends, others warn of another wave of panic selling. With Ethereum already in oversold territory, the market’s reaction to this event could be a decisive moment

Amber Group’s ETH Transfers

Additionally, in recent hours, the crypto trading platform Amber Group moved a substantial amount of 20,000 ETH worth $37.34 million to Binance, OKX and Gate.io. Such large Ethereum moves have sparked doubts about the companies’ intentions for moving ETH to exchanges during market decline. Such whale transactions into top exchanges normally attract attention and could increase selling pressure.

Market activity shows strong signals from the large movement of ETH. The rising availability of ETH on exchanges during trading periods causes market prices to decrease.  

Ethereum Price Action And Predictions

However, despite the bearish outlook, the top altcoin has formed a bullish diamond pattern that signals a potential breakout. This technical setup suggests that the asset is approaching a pivotal moment, where a surge could follow if resistance levels are breached. If buyers gain control, Ethereum may see accelerated upward momentum in the coming sessions.

Similarly, a recent ETH price prediction projected that the altcoin would fall further below $1,500, possibly reaching $1,250 if key support levels continue to break. Crypto analyst Ali Martinez noted that Ethereum is slipping out of a parallel channel, a technical pattern often associated with bearish price action.

Despite the bearish sentiments, ETH price has shown resilience, rising from $1,814.5 to $1,915.13 in the last 24 hours. This 6% increase reflects renewed buying pressure, despite a significant drop in trading volume.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Top Analyst Names 3 Conditions For Cardano To Flip Solana

Published

8 hours ago

on

March 11, 2025

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Amid growing uncertainty, a top analyst has named three scenarios that could cause Cardano (ADA) to outperform Solana (SOL). The projection from the analyst AM_Panic comes as the broader cryptocurrency sector witnesses a massive downturn spearheaded by Bitcoin (BTC). 

3 Scenarios Favoring Cardano Over Solana 

The analyst began by acknowledging Cardano’s accelerated growth, including plans to enhance its scalability. He noted on X that a potential ADA price surge largely depends on Cardano’s capacity to implement its scalability plans. 

Should the network achieve this feat, it may attract more Decentralized Applications (dApps), which will benefit the blockchain and help it outrank Solana.

In the second scenario, the analyst expects that any setback or regulatory challenge to the Solana network will negatively impact its price. If it records a 20% price dip, this would affect its market cap, which is currently at $50.11 billion. A 20% fall can raise the market cap to $50.11 billion, making it easier for Cardano to meet continued growth.

The last scenario is tied to favorable market conditions. Once there are either bullish crypto trends or more regulatory clarity, especially with Donald Trump as President, Cardano may benefit more. The market analyst believes the Layer-1 blockchain is even better if positioned as a stable, research-driven alternative.

The Solana Memecoin Woes

In recent weeks, Solana has faced several woes, ranging from a slowdown in token growth within its network to its price drawdown. 

Solana Powerhouse Pump.Fun, known as the source of the ecosystem boom over the past few months, has recorded a slowdown in adoption. From abuse by creators to a shift from risk-on assets amid the global stock market meltdown, Solana’s price has experienced more drawbacks.

Most critics also warn that Solana is sacrificing decentralization for speed, fueling boycott concerns in the long term.

Price Outlook for Cardano and Solana

The ADA price is $0.7302 after recording a 24-hour price gain of 6.52%. SOL trades at $127.62, corresponding to a 7.31% increase within the last 24 hours. 

Notably, several analysts are optimistic that the coin will see better days. Market analyst Crypto Jobs, in SOL price analysis, shows how the coin fluctuated between $153 and $138, suggesting a season of indecision in the crypto market. 

While analysts have predicted that the coin’s price may hit $200 soon and even reach higher levels, there are at least three reasons why it may not attain this level in March. Similarly, Cardano’s price faces selling pressure in a descending triangle and recently tested support at $0.76.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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