Cardano (ADA) price has surged 30% in the last seven days and over 5% in the last 24 hours, with its trading volume reaching $1.5 billion and its market cap approaching $40 billion.
The ADX, currently at 53.8, highlights a strong uptrend, while the formation of two golden crosses between January 2 and January 3 has further solidified bullish momentum. As ADA approaches critical resistance levels, its ability to maintain this momentum will be key to sustaining further gains.
Cardano ADX Shows a Strong Uptrend
The Average Directional Index (ADX) for Cardano currently stands at 53.8, indicating a very strong trend. The ADX measures trend strength on a scale from 0 to 100, with values above 25 signifying a strong trend and those below 20 pointing to weak or absent momentum.
ADA’s ADX has remained above 50 since January 4, reflecting sustained bullish strength. This level marks a significant rise from 11.8 on January 1, signaling a sharp increase in trend intensity as ADA entered its current uptrend.
At 53.8, the ADX suggests that ADA’s uptrend is firmly established and supported by strong market confidence. The jump from low levels earlier in the month highlights growing momentum, which could lead to further price gains if maintained.
However, traders should watch for signs of potential exhaustion in the trend, as ADX readings above 50 may also indicate that the trend is nearing its peak strength. For Cardano to sustain its uptrend, continued buying pressure and market interest will be crucial.
ADA Whales Started 2025 Accumulation
The number of ADA whales, defined as addresses holding between 10 million and 100 million ADA, has shown growth since the start of 2025. Rising from 404 on January 1 to 407 by January 5, this increase indicates renewed accumulation by large holders.
Currently, the count has slightly dipped to 406, suggesting minor fluctuations but overall stability in whale activity.
Tracking whale activity is crucial because these large investors have the potential to influence the market. Their accumulation often signals growing confidence in the asset, which can drive price appreciation due to reduced circulating supply and increased demand.
For ADA price, the recent growth in whale numbers suggests a positive outlook, reflecting a possible continuation of the current uptrend if whale accumulation persists. Conversely, any reversal in this trend could signal a shift in sentiment, potentially impacting ADA’s momentum.
Cardano Price Prediction: Will the Rally Continue?
The EMA lines for Cardano price have formed two golden crosses between January 2 and January 3, signaling a strong bullish momentum. These golden crosses contributed to a significant price rise, with ADA up 30% over the past seven days.
Currently, the short-term EMA lines are positioned well above the long-term ones, indicating a strong bullish setup with sustained upward momentum.
If the current uptrend persists, ADA price could test the key resistance level at $1.18. A breakout above this level could pave the way for further gains, with $1.24 and $1.32 as potential targets, particularly if the ADX continues to confirm the strength of the uptrend.
However, if the uptrend begins to weaken, ADA might test the support at $1.03. A break below this support could lead to a significant correction, with the price potentially falling below $1 to test $0.91 and $0.82.
Disclaimer
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