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.

technical analysis on FORM/USDT, I'll consider key indicators such as moving averages (MA), RSI, Bollinger Bands, and volume trends based on the data in your chart.
Current Price Action Analysis
Price: $1.8168 (Massive 808.40% gain)
24h High: $2.17
24h Low: $0.20
Volume: 565.2K FORM (High volume indicates strong interest and volatility)
Key Support and Resistance Levels
Immediate Resistance: $2.17 (Recent high; if broken, the next potential resistance could be around $2.50)
Support Levels:
$1.28 - $1.30 (Previous consolidation zone)
$0.68 - $0.70 (Historical support)
$0.20 (Absolute low)
Indicators Analysis
Moving Averages (MA):
Since no moving averages are displayed on the chart, you should check MA(5), MA(10), and MA(20) for short-term trend confirmation.
If MA(5) > MA(10) > MA(20) → Uptrend is strong.
If MA(5) crosses below MA(10) → Possible reversal.
Relative Strength Index (RSI):
If RSI is above 70, the coin is overbought (potential for a pullback).
If RSI is below 30, it is oversold (possible bounce).
Bollinger Bands (BB):
If price is touching the upper band, it may be overbought and due for correction.
If price is near the lower band, it may find support and bounce.
Volume Analysis:
High buy volume = bullish continuation.
High sell volume = possible retracement.
Conclusion & Strategy
Bullish Scenario: If FORM breaks $2.17 with strong volume, it may test $2.50 or higher.
Bearish Scenario: If it loses $1.28, it may drop to $0.68 or lower.
Ideal Buy Zone: Around $1.28 - $1.50 if confirmed support holds.
$FARM
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.