ADA’s Price Action: Examining Whale Activity and Technical Indicators

Cardano’s ADX has dropped to 15.3, indicating weak momentum and potential range-bound price action.
ADA whale addresses have stabilized, with large holders neither aggressively buying nor selling.
If a golden cross forms, ADA could surge 20%, testing resistance near $1.03.

Cardano’s ADX (Average Directional Index) has dropped to 17.09 from 22.2 just three days after unveiling its updated roadmap. The ADX measures trend strength, and readings below 20 typically suggest weak or indecisive market trends, while anything above 25 points to a developing trend.

Momentum shifts become especially significant when ADX surpasses 40, signaling strong movement in either direction. Right now, though, the declining ADX indicates that ADA’s trend has lost steam, placing the token in a phase of consolidation and indecision.

What’s Next for ADA Momentum?

With the ADX at 17.09, Cardano finds itself stuck in a range without clear bullish or bearish momentum. Until this trend signal strengthens and moves above 25, ADA’s price is likely to stay in limbo, bouncing between support and resistance levels. If momentum does return, however, traders may see a new trend—either upward or downward—start to form.

ADA Whales Pause Accumulation

Meanwhile, ADA whale activity has stabilized. The number of whale addresses—wallets holding between 1 million and 10 million ADA—currently sits at 2,473, barely changing over the last 15 days.

This consistency is notable, especially since whales had increased their holdings earlier in January, moving from 2,453 to 2,483 between January 9 and 14. Such large holders are key market movers, as their buying or selling can drastically affect liquidity and price trends.

For now, whales appear to be taking a cautious, wait-and-see approach. They aren’t making major moves, possibly positioning themselves for ADA’s next breakout or downturn. If the number of large addresses climbs again, it might signal renewed confidence in the token’s potential.

Will ADA Surge 20%?

ADA is hovering around a crucial support level at $0.95. If this level fails under selling pressure, ADA could drop further toward $0.87, reinforcing bearish momentum. A break below $0.87 would confirm a continuation of the downtrend.

However, there’s a glimmer of hope for bulls. The EMA indicators suggest that a golden cross—a bullish signal—might form soon. If this happens, ADA could test resistance at $0.99, with the possibility of pushing toward $1.03, representing a 20% potential upside.