Whales Accumulate 12.54 Billion ADA, Sparking $1 by 2025 Hopes

Cardano's price has shown signs of recovery following a week of market volatility, with ADA currently holding above its support level. This has sparked discussions about the potential for a bullish trend and whether Cardano could reach $1 by March 2025. Notably, 12.54 billion ADA tokens have been accumulated by whales in the past 24 hours, indicating strong interest in the cryptocurrency.

The recent accumulation of ADA tokens by large holders has generated interest in Cardano's price movement. Over the past month, data shows an increase in whale activity, with significant buys pushing the price upward. As ADA whales continue to accumulate, the overall market sentiment remains optimistic, creating a potential for the price to hit $1 by March 2025. Large whale movements have historically influenced the price of ADA, driving its volatility and creating upward momentum as these whales take positions ahead of anticipated market trends.

As of March 1, 2025, the ADA price is trading at $0.6349. The Cardano price market is seeing fluctuations, with the price remaining within a narrow range of $0.6349 to $0.50. This follows the crypto market recovery, with BTC seeing a slight surge. The Relative Strength Index (RSI) is at 41, showing that the market is in a neutral state but could potentially shift toward a bullish direction. The Moving Average Convergence Divergence (MACD) indicator suggests mixed signals, with some bullish momentum but narrowing histogram width and slight bearish pressure. Resistance levels are identified at $0.70 and $0.80, while support is holding firm at $0.60 and $0.50.

The Cardano price could hit $1 by March 2025, driven by whale accumulation and strong buying momentum. However, resistance at $0.70 remains a significant challenge for ADA's upward movement. While it's difficult to predict the future price of Cardano, the recent whale accumulation and the market's optimistic sentiment suggest that reaching $1 by March 2025 is a possibility.