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Cardano stuck in a range—When will ADA’s next big move happen?
Whales accumulated over 180 million ADA, signaling potential upward pressure on Cardano’s price.
As of March 12, 2025, the cryptocurrency market is currently facing uncertainty with regards to Cardano’s future movement. While whales have taken notice of this digital asset and accumulated over 180 million ADA, it remains unclear whether these large-scale buying activities will lead to a significant move or if ADA’s price action will continue to be limited by liquidation levels and market sentiment.
The recent rebound from a key support zone at $0.65 suggests that this level provides stability for Cardano. The price has since risen towards the $0.72 region, which may signal potential recovery. As of press time, ADA was trading at $0.7217, marking a 2.93% decline over the past 24 hours.
The Relative Strength Index (RSI) currently sits at 47.34, indicating neutral market conditions without any clear signs of being overbought or oversold. While this rebound from support is encouraging, Cardano remains within a range and may not have enough steam to break through resistance levels without additional significant buying pressure.
Furthermore, the liquidation heatmap highlights key price zones that could result in increased volatility. The $0.72 to $0.75 region has witnessed substantial liquidation activity, indicating ADA’s price is still vulnerable to sudden movements. While whales are steadily accumulating this cryptocurrency, such a high-pressure zone might either halt upward momentum or prompt a wave of liquidations, driving prices lower.
However, if Cardano manages to break above this range, it could initiate a rally supported by the accumulation of large positions.
Additionally, Cardano’s daily active addresses displayed steady but moderate user engagement. There were 31,005 active addresses recorded at the time of writing, which indicates consistent participation but does not suggest a sharp increase often associated with a bullish trend. The cautionary sentiment reflected in this data suggests ADA will continue to consolidate rather than experience sudden price swings.
Lastly, Cardano’s Open Interest decreased by 11.52% to $738.11 million, indicating a loss of confidence among traders. This decline signifies that many market participants are stepping back, possibly due to uncertainty surrounding ADA’s price action. As fewer traders take on leveraged positions, it is unlikely that Cardano will experience significant movements in the short term.
In conclusion, while whale activities have certainly increased buying pressure on Cardano, the short-term outlook for this cryptocurrency remains uncertain. A neutral RSI and decreasing Open Interest suggest limited momentum, and the influence of liquidation levels may prevent a significant surge.
Source: https://ambcrypto.com/cardano-stuck-in-a-range-when-will-adas-next-big-move-happen/
