- Cardano price prediction turns bullish as ADA jumps 13% after a clean retest of the $0.7125 support level.
- Whale wallets began accumulating long positions, anticipating a breakout toward the $1.15 liquidity zone.
Cardano [ADA] has come back to life again.
The altcoin recently recovered from the pennant support level at $0.7125, recording a sharp 13% jump in under 72 hours.
This sharp move reignited bullish momentum, and the current Cardano price prediction now centers around a potential break above $1.
The rebound followed a textbook retest, confirming the validity of the pennant formation. For many traders, this solidified ADA’s short-term bullish structure.
With momentum building, the market now watches for a clean push through the $1 mark—a critical psychological and technical level.
Source: TradingView
Liquidity at $1.15 generates notice
ADA recent price spike of could be due to a larger goal — the equal highs liquidity pool at around $1.15 level. This region resulted in several rejections, with untouched liquidity left behind.
Prices usually push towards these key zones, especially on buildups of momentum. With $1 as a potential point of entry, a break can propel gains.
Reaching $1.15 would not only sweep the liquidity levels clean, but also confirm bullish control on the higher time frames.
Interestingly, the position here is consistent with classical breakout patterns.
The pennant formation commonly leads to a continuation in the earlier trend direction — in this case, ADA bullish trends may prevail further.
Whale activity validates bullish outlook
Adding confidence to the bullish Cardano price prediction is fresh whale accumulation.
AMBCrypto analysis of CryptoQuant’s on-chain data indicated that whales are beginning to accumulate again.
High-net-worth addresses are opening long positions, suggesting optimism regarding an ADA short-term rally. Whales are the trend setters of big trends.
Their increased activity suggests that smart money is preparing for a breakout above $1.
With liquidity targets converging with the bullish sentiments, ADA may be setting up another bullish run. A clean breakout above $1 with strong follow-through would confirm the bull case.
Source: CryptoQuant
Cardano Price Prediction: Can bulls clear the $1 barrier?
With buyer-friendly technical environments and whale demand on the rise, ADA might be about to test and break the $1 barrier.
A successful break would offer a route towards $1.15 — a key liquidity milestone that would usher in a new era of bullish continuation.
Credit: Source link
