ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner?
Cardano (ADA) is seeing a massive surge in trading volume and significant whale accumulation, even as its price remained relatively stable.
Data shows a dramatic 63.84% jump in ADA’s 24-hour trading volume, reaching over $1.12 billion . Large ADA holders; whales, are actively increasing their stakes, adding over 50 million ADA just in the past 48 hours.
This buying spree followed an earlier whale purchase of 190 million ADA just the day before. But even with all this activity, ADA’s price hasn’t moved much, which begs the question if all this whale activity can push ADA’s price up.
Input Output Global (IOG), the company behind the Cardano blockchain, had announced that their Lace wallet is now multi-chain . So as it stays, Bitcoin is now integrated into the Cardano blockchain for traders adopting Lace wallet.
Cardano’s price is currently in a holding pattern, primarily trading between $0.69 and 0.75.
While the increase in whale activity and Lace’s new Bitcoin support are positive, the price of ADA has remained fairly flat. If the price breaks below the $0.69 support level, analysts suggest it might fall further, to around $0.57 or 0.60.
Technical indicators provide some context. The Relative Strength Index (RSI) currently sits at 46.14, suggesting neutral momentum. The Bollinger Bands (BB) indicate the next resistance level to watch is 0.76, with stronger resistance at 0.93. At the time of this report, ADA trades at 0.71, down 1% over the last 24 hours.
Related: “Winning” PEPE Whale Buys More as Binance Wallet Sees Heavy Traffic
Despite the recent price stagnation, signals suggest Cardano might break out soon. Current data indicates relatively low selling pressure on ADA, increasing the possibility of the price testing the resistance level at 0.75.
Related: Will Altseason’s Promise Hold? Bitcoin’s Resistance and Altcoins’ Anxious Wait
Crypto analyst Ali Martinez shared the above chart pointing that if Cardano closes above 1.15 on the daily chart, it will confirm a bullish right-angled descending wedge pattern. This pattern suggests a potential significant price surge, possibly driving ADA up to the $2 mark.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Ethereum whales buy the dip, accumulate $236m ETH in 72 hours
Ethereum whales are doubling down on the top altcoin by market cap with an impressive $236 million buy wall in three days.
Ethereum ( ETH ) price continues to trade below $2,000, struggling amid recent sell-off pressure.
However, whales, or large-scale investors with substantial ETH holdings, are unfazed.
In fact, on-chain data shows that the world’s largest altcoin by market cap has attracted significant buying activity from large holders.
On March 21, crypto analyst Ali Martinez shared a chart showing a spike in whale accumulation of ETH. According to the analyst, the latest dip that saw Ethereum’s price retreat from above $2,000 allowed whales to scoop up over 120,000 Ether tokens — worth nearly $236 million — in just three days.
Whales bought over 120,000 #Ethereum $ETH in the last 72 hours! pic.twitter.com/kuZY6u9drS
According to Lookonchain, one such whale just bought 7,074 ETH worth over $13.8 million. On-chain data shows the whale withdrew 4,511 ETH worth over $8.81 million from crypto exchange OKX, and proceeded to deposit these into top decentralized finance platform Aave.
But the whale did not stop there. They borrowed 5 million USDT from the DeFi protocol and deposited it into OKX, with the funds used to buy 2,563 ETH for $5 million.
A whale bought 7,074 $ETH ($13.8M) today! The whale withdrew 4,511 $ETH ($8.81M) from #OKX 3 hours ago and deposited it into #Aave . Then he borrowed 5M $USDT from #Aave and deposited it into $OKX to buy another 2,563 $ETH ($5M). https://t.co/E2RP7YmcaA pic.twitter.com/YLNvvVH3RB
In this period, the price of Ethereum fluctuated between $1,872 and $2,060.
ETH currently trades around $1,966, continuing the sideways action after giving up gains seen when bulls rallied 7% on Wednesday.Weekly gains are now just 1.7%, and buyers have endured a 27% pullback in the past month.
Although the choppy performance has some ETH holders panic selling, whales have taken an aggressive approach. This suggests confidence in potential future price upside for Ethereum.
Recently, analysts at Standard Chartered predicted ETH could climb to $4k in 2025, although this included a revised forecast from an earlier bullish take of $10k by the end of the year.
This bullish outlook by the whales though has retail in an upbeat mood too.
Will Altseason’s Promise Hold? Bitcoin’s Resistance and Altcoins’ Anxious Wait
Analysts are currently tracking the crypto market, trying to gauge when the next “altseason” might kick off. CryptoBullet points to the typical four-year market cycle, expecting it to wrap up around October or November of 2025.
This timeline suggests altcoins could see a surge within the next eight months. However, the current market shows some hesitation, especially with Ethereum and other altcoins not exhibiting strong momentum, leading to questions about a potential delay into 2026.
Ali Martinez analyzed Bitcoin’s Altseason Indicator. He noted Bitcoin’s peak at $96,715.57 on December 10, 2024, when Bitcoin attracted $0.13 million in capital, Ethereum $0.06 million, and stablecoins $0.10 million. By March 16, 2025, Bitcoin had fallen to $82,599.04. Inflows also saw a dip, with Bitcoin receiving just $0.007 million, Ethereum $0.024 million, and stablecoins $0.020 million.
Related: Altseason Incoming? Breakout Levels for Major Altcoin Rally — Analyst
The Altseason Indicator has slid from 1 to 0.33, signaling weakening momentum. This suggests altseason might stall unless Bitcoin stages a significant recovery. Martinez cautions that if Bitcoin breaks below $80,000, it could indicate further downside. Conversely, a climb above $90,000 might reignite investor confidence.
Related: Altseason Watch: XRP, ADA, SUI Lead Price Surge Plus Five More to Watch
The total crypto market cap trended upward in mid-2024, hitting a peak above $3.6 trillion. A correction then pulled it back to $2.69 trillion. While the market is attempting a recovery, resistance levels are capping its progress.
The $2.69 trillion mark now acts as immediate support. Short-term support sits at $2.71 trillion, while a stronger demand zone lies between $2.6 trillion and $2.55 trillion. The next key resistance is at $2.74 trillion, aligning with the 50-day moving average. A more significant ceiling exists at $2.84 trillion, near the 200-day moving average.
Ethereum currently trades at $1,967.74 , down 0.86% in the last 24 hours. Avalanche is at $18.58 , a 1.22% decrease, and Solana is priced at $126.61 , having lost 3.02% over the same period. These declines reflect a broader trend of altcoins struggling for upward movement, adding to the uncertainty around a near-term altseason.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Solana Bulls Charge: $140 Next After ETF Lifts SOL Above $135?
Solana (SOL) has seen a significant surge over the last 24 hours, surging 6% to reach $135, according to data from CoinMarketCap.
This price rally comes as optimism builds around the upcoming launch of a Solana futures ETF by Volatility Shares, which is set to debut on Thursday.
As a result, investor interest has spiked, with daily trading volumes soaring by 74.71% to over $3.63 billion.
Crypto analyst Ali Martinez pointed out on X that Solana’s futures Open Interest has climbed to $2.7 billion, levels not witnessed since October 2024.
This resurgence in the derivatives market highlights increasing participation from both traders and investors.
Related: Solana at 5: Impressive Growth, But Future Hinges on Firedancer
Insights from Glassnode reveal crucial price levels where Solana’s supply is concentrated. A significant support zone lies at $112.10, where a substantial 9.7 million SOL (1.67% of the total supply) is held. Notably, this level already contained 4 million SOL back on January 19th, indicating that long-term investors have been accumulating more at this price point.
Below this, the $94, $97, and $100 levels collectively hold nearly 21 million SOL (3.5% of supply), making them critical for preventing further downside.
However, Glassnode cautions that if these levels were to break, the downside risk could increase sharply, as there’s relatively little trading volume in the range between $94 and $56.
On the upside, recent price action has led to notable accumulation at $123 (16.2 million SOL, 2.7%) and $126 (19 million SOL, 3.2%). This demand could act as a cushion against further declines.
Related: BNB Chain Now Tops Solana in DEX Trading, Price Jumps
However, Glassnode highlights significant resistance at the current $135 level, where a considerable 26.6 million SOL is concentrated, and further up at $144, which holds an even larger 27 million SOL—nearly 5% of the total supply. Interestingly, the $144 level already held 20.6 million SOL on January 19th.
Analyzing the technical indicators, the Relative Strength Index (RSI) is currently at 45, placing SOL in the neutral to bullish territory, which suggests a potential for a price rebound. The Bollinger Bands (BB) indicate that price volatility is narrowing, often a precursor to an impending breakout.
Additionally, the 20-day Exponential Moving Average (EMA) is currently at $137.37. For Solana to gain further upward momentum, it will need to reclaim this level. Until then, the 20-day EMA presents a significant resistance point for the SOL token.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.