Crypto: Cardano Is About To Surge – Here’s Why!

With Bitcoin making a comeback, Cardano (ADA) also seems to be waking up. The price of ADA could well start to rise, supported by increased whale activity and upcoming events. These elements point to a promising future for this cryptocurrency. In this article, we will explore how these factors influence the price of ADA and what prospects this opens up for investors.

Crypto: Whales in action, ADA waiting

As Bitcoin stabilizes, ADA remains firm at $0.44ready to pounce. The activity of the “whales”, these heavyweight investors, is a promising sign.

Indeed, according to IntoTheBlock dataa significant increase in accumulation of these major actors often precedes a price increase.

As pointed out Santiment analysts : ” Cardano is in its most bearish trend in over a year. Betting against the majority can be lucrative. »

Increased whale participation could well push ADA price higher to new heights.

• Current ADA price (at press time): $0.42;
• Potential short-term target: $0.49.

In parallel, Investor sentiment moves closer to neutral zonewhich could trigger a bullish movement. On the technical side, the Awesome Oscillator (AO) shows a momentum reversal in favor of buyers, reinforcing the idea of ​​an upcoming rise.

Upcoming Events: A Springboard for Cardano

ADA's outlook is also supported by key events. There Chang update, scheduled for end of July, could boost the market.

Additionally, developments like the introduction of the Ethereum ETF and a Trump conference on Bitcoin could strengthen overall market sentiment.

Liquidity flow, measured by Chaikin Money Flow (CMF), is positive for ADA, indicating support to reach the $0.49 target.

ADA therefore appears to be on the rise, especially as market conditions improve. However, in the event of a reversal, a drop back to $0.42 is possible, offering a buying opportunity for savvy investors.