Conflicting signals in on-chain activity and technical patterns suggest that ADA is approaching a decisive moment, with massive gains just around the corner.
Investor confidence grows despite whale selling pressure
Following the broader market’s recent rebound, retail investors have been buying the ADA pullback amid a 25% weekly price decline.
The Chaikin Money Flow (CMF), which tracks the volume-weighted flow of capital into and out of assets, rose sharply to a three-month high.
Historically, these rises in CMF are associated with accumulation phases that often precede a price recovery, signaling the entry of new money into the market.
Meanwhile, Cardano whales were steady unloading Their property. Data indicates that wallets containing between 10 million and 100 million ADA sold nearly 180 million tokens worth more than $120 million recently.
ADA Price Analysis: The symmetrical triangle is approaching the top
ADA price action is showing consolidation within a long-term symmetrical triangle, a pattern that has been forming for years. ADA is currently trading at $0.60, just above the key support area near $0.33.
The triangle pattern is now approaching its top, indicating that a major breakout or collapse may be imminent.
Source: Trading View
If ADA decisively breaks above the triangle’s descending resistance line, the move could lead to a strong rally towards $10, representing an impressive potential gain of 1,500% from current levels.
However, failure to maintain upward support could push ADA below the triangle, paving the way for a retest of the $0.33 area, representing a 46% decline from its current price.
Currently, the RSI is at 41.64, indicating neutral to weak momentum, while the MACD histogram shows declining upward strength and a recent bearish crossover.
ADA is set to rise – but this Telegram trading tool is already winning
As ADA prepares for a potential hack, there’s another project already making waves.
Snorter Bot (SNORT) is a Telegram-based trading assistant that is quickly approaching $5 million raised in its pre-sale, offering meme traders a faster and easier way to buy, sell, and manage tokens.
Starting with Solana, Snorter is designed for simplicity and speed, eliminating the need for complex wallets, browser extensions, or network setups.
Simply tap to create or import a portfolio, then trade instantly by typing simple commands in chat.
The bot includes features such as real-time token capture, copy trading, and limit orders, all using plain language.
It also checks for fraud before allowing you to trade, helps you set stop losses, and displays your portfolio statistics instantly with a simple command.
Early buyers of $SNORT are eligible for rewards of up to 107%.
To participate in the pre-sale, visit the official Snorter Bot pre-sale website and connect a supported wallet, such as Best Wallet.
You can exchange existing cryptocurrencies or use a debit/credit card to complete the transaction.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the world of cryptocurrencies and finance, amassing industry experience having survived both bear and bull markets over the years. Barth is also the author of four self-published books.
The post Cardano Price Prediction: Money Inflows Hit 3-Month High – the Next ADA Move Could Surprise Everyone first appeared on Investorempires.com.
