ADA Price Soars 30%, Nears $40 Billion Market Cap Milestone | Airdrop Alert Pro

Cardano (ADA) price has soared 30% in the past seven days and more than 5% in the past 24 hours, with its trading volume reaching $1.5 billion and its market capitalization approaching $40 billion.

ADX is currently at 53.8, highlighting a strong uptrend, while two golden crosses formed between January 2 and January 3 further solidified the bullish momentum. As ADA approaches key resistance, its ability to maintain this momentum will be key to sustaining further gains.

Cardano ADX shows strong uptrend

Average Directional Index (ADX) Cardano It is currently at 53.8, indicating a very strong trend. ADX measures trend strength on a scale of 0 to 100, with values ​​above 25 indicating a strong trend and values ​​below 20 indicating a weak or lack thereof.

ADA’s ADX has remained above 50 since January 4, reflecting continued bullish strength. This level has risen significantly from 11.8 on January 1, indicating a sharp increase in trend strength ADA Enter the current uptrend.

ADX is at 53.8, indicating that ADA’s uptrend is firmly established and supported by strong market confidence. The rise from the lows earlier this month highlights growing momentum that, if sustained, could lead to further price gains.

However, traders should be on the lookout for signs of potential exhaustion of the trend, as ADX readings above 50 may also indicate that the trend is approaching its peak strength. for Cardano To sustain its upward trend, continued buying pressure and market interest will be crucial.

ADA Whales Start Accumulating in 2025

The number of ADA whales (defined as addresses holding 10 million to 100 million ADA) has been growing since early 2025. The increase from 404 on January 1 to 407 on January 5 indicates renewed accumulation by large holders.

Currently, the number of whales has dropped slightly to 406, indicating slight fluctuations in whale activity, but overall stability.

Tracking whale activity is critical because these large investors have the potential to influence markets. Their accumulation often signals growing confidence in the asset, which can drive price appreciation due to reduced circulating supply and increased demand.

for ADA priceThe recent increase in whale numbers points to an optimistic outlook, reflecting that if the accumulation of whales continues, the current upward trend may continue. Conversely, any reversal in this trend could signal a shift in sentiment that could impact ADA’s momentum.

Cardano Price Prediction: Will the Rise Continue?

The EMA line is cardano price Two golden crosses formed between January 2 and January 3, signaling strong bullish momentum. These golden crosses have resulted in significant price gains, with ADA up 30% in the past seven days.

Currently, the short-term moving average is well above the long-term moving average, indicating a strong bullish pattern and continued upward momentum.

If the current upward trend continues, ADA price A test of key resistance at $1.18 is likely. A break above this level could pave the way for further gains, with potential targets at $1.24 and $1.32, especially if ADX continues to confirm the strength of the uptrend.

However, if the uptrend begins to weaken, ADA A test of the support at $1.03 is likely. A break below this support could lead to a sharp correction, with the price possibly falling below $1 and testing $0.91 and $0.82.