Cardano's ADA surges 75% in 27 days, hits 20-week high of $0.896

Cardano's native cryptocurrency, ADA, has seen a significant surge in value, reaching a 20-week high of $0.896. This price increase is accompanied by a notable rise in whale transactions, with over 137 transactions exceeding $1 million each recorded in a single day. This heightened activity suggests that major institutional players or investors are becoming more active on the Cardano network, potentially signaling renewed bullish sentiment.

The price of ADA has surged by 75% between June 22 and July 19, 2025, indicating a potential end to a multimonth downtrend that bottomed out at $0.50 in June. Following three days of consecutive gains since July 15, ADA reached its 20-week high on July 19, where it encountered resistance. At the time of writing, ADA had experienced a slight decline of 2.7% in the last 24 hours, but it remains higher by 15% on a weekly basis.

Analysts have noted that ADA broke out of a bull flag on the weekly chart, flipping the 50-day simple moving average (SMA) and the 200-day SMA to support. The bull flag's measured target is $2.70, representing a more than 200% gain if actualized. However, caution is advised as whale activity can indicate both accumulation and potential sell-offs. The sheer volume of million-dollar transactions in a single day makes this an event to follow closely.

The recent surge in ADA's price and whale activity has sparked speculation about further potential gains. Some analysts believe that a breakout could be on the horizon, given the renewed bullish momentum and strong fundamentals. The recent rally has seen ADA bottom out at $0.50 in June and reach a 20-week high of $0.89 on July 19, indicating a strong recovery. The platform's methodical approach and recent developments, such as the Plomin hard fork, have contributed to this upward trajectory.

The increase in high-value transactions on the Cardano network suggests that whales are becoming more active, which could be a sign of institutional interest and bullish sentiment. This heightened activity aligns with the recent price gains and renewed bullish momentum, making it an event to watch closely. However, it is important to note that whale activity can be a double-edged sword, as it can indicate both accumulation and potential sell-offs. Therefore, caution is advised when interpreting this data.