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Cardano ADA Price Surge: Whale Activity and NFT Momentum Fuel 10% Rally

Cardano ADA Price Surge: Whale Activity and NFT Momentum Fuel 10% Rally

Author:
ADA News
Published:
2025-05-05 16:03:46
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Cardano (ADA) is experiencing a significant price surge, gaining 10% as increased whale activity and a resurgence in NFT interest drive momentum. The cryptocurrency is currently testing a key resistance level near $0.74, with technical indicators suggesting a potential breakout. This renewed attention highlights growing organic demand for Cardano, particularly in the NFT space, which could signal broader market rallies ahead.

Cardano Price Prediction: ADA Sees a 10% Surge as Whale Activity and NFTs Spark Momentum

Cardano is gaining renewed attention as its price surges 10%, fueled by heightened whale activity and a resurgence in NFT interest. ADA is testing key resistance NEAR $0.74, with technical indicators suggesting potential for a breakout.

Cardano NFTs have trended on X under Business and Finance, signaling organic demand beyond pure speculation. This social momentum often precedes broader market rallies, even as crypto sentiment remains cautious overall.

Analysts note ADA’s technical setup shows reversal potential, with the NFT sector serving as a catalyst. The convergence of on-chain activity and price action creates a compelling narrative for the Ethereum competitor.

Cardano Price Nears Critical Breakout Zone Amid Technical Resistance

Cardano’s ADA teeters on the edge of a decisive technical moment, with crypto analyst Dan Gambardello highlighting its precarious position near the 200-week moving average. The digital asset failed to close above this key resistance level last week, leaving traders in suspense.

Multiple resistance layers loom over ADA’s price action. Gambardello characterizes the current juncture as "so close, but yet so far" from a potential breakout scenario. The 200-week MA represents just the baseline of a broader resistance zone that could dictate Cardano’s near-term trajectory.

Cardano Eyes 60% May Rally as Analysts Favor Cheaper Altcoin for Outperformance

Cardano’s ADA shows bullish momentum with $1.5B daily trading volumes, fueling speculation of a 60% price surge in May. However, analysts highlight a lesser-known altcoin as the potential leader of the next market cycle.

The broader crypto market revival, driven by technical breakouts and institutional inflows, has reignited interest in payment protocols. One emerging project is attracting capital for its disruptive potential in the remittance sector - a market ripe for innovation.

While ADA tests key resistance levels, the market appears to be rotating toward alternative opportunities. The shift reflects traders’ appetite for asymmetric returns beyond established layer-1 blockchains.

Cardano Whales Accumulate 410M ADA Amid Price Lull, Signaling Potential Breakout

Cardano’s large-scale investors have aggressively accumulated 410 million ADA tokens in April 2025, as reported by crypto analyst Ali Martinez. The buying spree occurred while ADA’s price remained subdued below $0.70, suggesting strategic positioning ahead of potential market movements.

Market observers note the significance of whale activity during a period when Cardano failed to breach key resistance levels. "Whales don’t gamble small," remarked Chris of ’Chris Does Crypto,’ emphasizing the calculated nature of such substantial acquisitions. This accumulation pattern historically precedes notable price movements in cryptocurrency markets.

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