Usman Salis
Big money is backing Cardano (ADA) again. Whales just scooped up 200 million ADA tokens in two days flat, and crypto analysts are buzzing about what comes next.
ADA Market Shows Hidden Strength Despite Mixed Signals
Cardano's trading between $0.7134 and $0.8332 with daily volume at $1.29 billion (down 3.6%). But here's the twist: open interest climbed 0.42% while futures volume dropped 10.22% to $2.25 billion. Translation? Smart money is holding tight, waiting for a breakout.
Cardano (ADA) Whales Make Their Move
On August 11th, analyst Ali Martinez dropped major news: whales grabbed over 200 million ADA in just 48 hours. That's institutional-level confidence right there.
Martinez noticed something bigger though – ADA's price chart mirrors its previous bull run cycle, just slower this time. His prediction? If buying momentum continues, we're looking at "the start of an explosive move."
When whales move this fast and big, they usually know something retail doesn't.
ADA Ecosystem Builds Real Value
The fundamentals back up the hype. Midnight Network's NIGHT token airdrop hit 30 million wallets on August 5th, with 50% reserved for ADA holders. Community response was massive – over 470 million NIGHT tokens claimed already.
Then Cardano pushed out a major Hydra protocol update on August 8th, boosting transaction speeds and network efficiency. More utility typically means more demand.
Technical Analysis Points to $0.92 Target
The charts tell a clear story. All major moving averages (10-day to 200-day) flash "buy" signals, while RSI sits at 63 – bullish but not overbought.
Price targets: Break $0.8332 resistance and we're looking at $0.88 next. Hold that level, and $0.92 becomes realistic – that's 15-20% upside from here.
Downside risk? If ADA loses $0.78, expect a retest of $0.75 support, historically a strong buying zone.
Usman Salis
