Cardano is gaining bullish momentum, eyeing a potential breakout towards $1 after a notable rebound from a critical support level.
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Cardano price prediction turns bullish as ADA jumps 13% after a clean retest of the $0.7125 support level.
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Whale wallets began accumulating long positions, anticipating a breakout toward the $1.15 liquidity zone.
Cardano [ADA] shows remarkable potential for growth as whales accumulate positions, setting the stage for a test of the $1 resistance level.
Liquidity at $1.15 Drives Market Sentiment
ADA’s recent price surge may signify a larger objective—the equal highs liquidity pool around the $1.15 level. This area has previously faced several rejections, leaving behind significant untouched liquidity.
Price movements often gravitate towards these crucial zones, especially when momentum builds. Thus, a successful break above $1 could trigger substantial gains.
Reaching $1.15 not only indicates the clearing of liquidity layers but also confirms bullish control across higher time frames.
Interestingly, this positioning aligns with classical breakout patterns.
The pennant formation commonly leads to a continuation of the earlier trend—in this case, suggesting that ADA’s bullish trajectory may persist.
Whale Accumulation Confirms Bullish Sentiment
The bullish Cardano price prediction receives added credence from robust whale activity.
Analysis from COINOTAG using CryptoQuant’s on-chain data indicates that high-net-worth addresses are increasingly opening long positions, signaling optimism for a short-term ADA rally.
Such activity by whales often precedes significant trends, implying that smart money is preparing for a potential breakout above $1.
With liquidity aspirations aligning with heightened bullish sentiments, ADA appears poised for another upward movement. A decisive breakout above $1, accompanied by strong follow-through, would further validate this bullish outlook.
Source: CryptoQuant
Cardano Price Prediction: Testing the $1 Barrier
With encouraging technical factors and a surge in whale demand, ADA is on the brink of testing the $1 barrier.
A successful breakthrough at this level would pave the way toward $1.15—a pivotal liquidity threshold that could trigger the next bullish phase.
Conclusion
The current momentum surrounding Cardano points toward an exciting period ahead. As ADA seeks to overcome the $1 mark, traders and investors should watch for potential bullish signals. Should the price break above $1 convincingly, this might signal a stronger uptrend, reinforcing the confidence in ADA’s future performance.
