Cardano price prediction – Whales are unlikely to drive ADA prices up sharply right now!

Cardano (ADA) was previously traded right at the important support zone at 0.61 USD. After that, it recorded an impressive increase of 11.4% over four days, rising to 0.694 USD. However, in the last 24 hours, ADA has adjusted to fall by 4% on the technical charts.

The indecisiveness of Bitcoin (BTC) at the resistance zone of 116,000 USD has put the entire cryptocurrency market under selling pressure.

Source: CoinalyzeDuring the same period, Cardano also witnessed a fall in open contract volume, while the CVD index for spot trading showed almost no significant improvement. These signals reflect the cautious sentiment of speculators, indicating that they are no longer keen on betting on ADA in the short term, especially when the spot demand for this altcoin remains weak.

In addition, the funding rate ( has also fallen in the past 24 hours, although it remains positive at the current time.

![Price Prediction for Cardano - Whales are unlikely to push ADA price up sharply right now!])https://img-cdn.gateio.im/webp-social/moments-ef41698dab846e1c31efc1bc829df08a.webp(Source: SantimentContrary to the market's short-term hesitation, large wallets continue to accumulate ADA. Evidence shows that the supply ratio held by wallets with 100,000 ADA or more is significantly increasing.

This raises the question: Will the accumulation activity of the “whales” be enough to spark a new price increase for ADA?

Analysis of the upper supply zone of Cardano

On the daily time frame, the bearish structure )yellow( stands out against the backdrop of a larger uptrend )white, weekly frame(. This indicates that the support zone of 0.61 USD plays a crucial role in ADA's recovery process and has been firmly protected so far.

![Price Prediction for Cardano – Whales are unlikely to push ADA price up sharply right now!])https://img-cdn.gateio.im/webp-social/moments-61947921e0fb5b1e6677ace640f538fc.webp(Source: TradingViewNotably, there is a strong supply zone )red box( located in the range of 0.7 USD– 0.737 USD. To activate a clear recovery trend, this resistance zone needs to be converted into support. Before this happens, trend investors should maintain a cautious and bearish outlook.

The Money Flow Index also shows a slight downward trend, reflecting that ADA has not yet gathered enough momentum and buying pressure necessary for a strong breakout.

![Price Prediction for Cardano – Whales may not be able to push ADA price up sharply right now!])https://img-cdn.gateio.im/webp-social/moments-a79bdbdbea5c3c1b1a5f1b897e83987a.webp(Source: CoinGlassThe liquidation heatmap) predicts that the price may move up to the zone of 0.745 USD in the coming days. This liquidity zone above is significantly stronger compared to the zones of 0.64 or 0.58 USD, although the distance is somewhat further due to price fluctuations in the last 24 hours.

Technical analysis highlights the supply zone at 0.74 USD, while the liquidation heat map also confirms that this is an important liquidity cluster. Therefore, even if Cardano rises to 0.75 USD in the near future, investors still need to remain vigilant against the risk of a bearish reversal.

Mr. Giao