Cardano (ADA) Price Faces Critical Levels After 193% Surge | Airdrop Alert Pro

Cardano (ADA) price has increased by 193.65% in the past 30 days and by 37.82% in the past week. Despite the impressive rally, indicators suggest that ADA’s uptrend may be losing steam. The ADX, which measures trend strength, has fallen from over 60 points to nearly 45 points, indicating that although the uptrend remains intact, momentum is waning.

With whale accumulation stabilizing and price approaching key EMA levels, ADA faces a critical moment that could lead to a test of its highest prices since 2021, or a possible 48% retracement if bearish pressure builds.

The ADA uptrend appears to be losing steam

Cardano ADX is currently near 45, down from over 60 a few days ago. ADX, or Average Directional Index, measures the strength of a trend, with values ​​above 25 indicating a significant trend and values ​​above 40 indicating a very strong trend.

While an ADX of 45 still reflects strong momentum, a decline from 60 indicates a weakening of trend strength, even if the direction remains unchanged.

Now, ADA is in an uptrend, supported by its directional indicators. The decline in ADX suggests that while the uptrend remains strong, the bullish momentum is starting to lose some strength. If the ADX continues to fall, it could be a sign that the current uptrend could flatten or reverse if selling pressure increases.

However, with ADX still well above 25, the trend is still meaningful, and cardano price Barring further weakness, the bullish bias is likely to remain in the short term.

Cardano Whale Stops Accumulation

Whales begin to gather Cardano Starting on November 10th, the number of wallets holding 10,000,000 to 100,000,000 ADA increased from 398 to 408 on November 15th. Tracking whale activity is crucial as these large holders often have the power to significantly influence market trends.

Their purchases could signal growing confidence in the asset and could cause fuel prices to spike, while their sales could trigger downward pressure.

The number of whale wallets has stabilized since November 15, hovering between 407 and 409. This continued accumulation suggests whales are holding on to their positions, reflecting neutral to bullish sentiment.

If whales maintain their holdings without significant increases or decreases, ADA price May experience less volatilitythe market is waiting for new catalysts for the next move.

ADA Price Forecast: Highest Price Since 2021 or Strong Correction?

Cardano EMA lines continue to reflect a bullish pattern, with the short-term line above the long-term one. However, the current price is no longer significantly above the short-term moving average, indicating that the bullish momentum has weakened.

This approach indicates that the uptrend is losing strength, and ADA price A tipping point is being approached that could see a bounce or fall below these lines, signaling a potential trend shift.

If the uptrend resumes strong, ADA price A test of levels above $1.155 is likely, with the possibility of reaching $1.16, the highest price since March 2021. However, as the ADX decline indicates, the current uptrend is losing strength, increasing the likelihood of a reversal.

If the trend turns bearish, ADA’s nearest support is $0.519, which would see a massive correction of 48% from current levels.