Cardano (ADA) Price: DEX Volumes Triple and Whales Buy the Dip as ADA Holds Steady
TLDR
- ADA is trading at around $0.21–$0.224, up slightly this week
- One analyst predicts ADA could reach $2.90, a potential 14x gain
- Cardano DEX volumes jumped 3x in two days, from $2M to over $7M
- Whales holding 1M–10M ADA accumulated 60 million tokens since Sunday
- Technical indicators including RSI and MACD are pointing bullish
Cardano (ADA) is trading at around $0.224 on Friday, extending gains after finding support near key moving averages earlier this week. The price is up roughly 17% this week, supported by rising network activity and increased buying from large wallet holders.
One analyst on X has laid out a bullish case for ADA, predicting a potential 14x price increase that could take Cardano from its current level to $2.92. The analyst believes the bottom may already be in and that ADA is setting up for a larger move to the upside.
Analyst Sssebi shared their view on X, stating that “$ADA is not giving up” and that “the longer it tests the resistance, the higher chance to break it.” The comment came as ADA continued pressing against overhead resistance levels.
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