Cardano Investors Pull $170M Off Exchanges, Fueling Bold Bullish Predictions
- Over $170M in ADA pulled from exchanges in a week, signaling strong accumulation.
- Key support sits around $0.75, while upside targets stretch to $1.30 and even $4.50.
- Favorable macro conditions and altcoin season could help ADA catch up after underperforming ETH and BNB.
Cardano is starting to get attention again, and this time it’s not because of hype tweets or speculative noise—it’s because of real money movement. In the past week alone, investors yanked roughly $170 million worth of ADA from major exchanges like Coinbase, Binance, and Upbit. That kind of move usually screams accumulation, not selling, and it’s exactly the kind of setup analysts look for when forecasting sharp rallies.
When coins flow out of exchanges, supply in the open market thins out. This latest outflow accounts for about 0.5% of ADA’s supply, which might not sound huge at first glance, but if the trend keeps up, a genuine squeeze could play out. Less liquidity on the books often means the next wave of buying hits harder—and some market watchers are already whispering about upside targets as wild as 500% gains.
ADA Price Prediction: Catching Up With Altcoin Season
Compared to heavyweights like Ethereum and BNB, Cardano’s year has been pretty underwhelming so far. ETH and BNB both pushed into fresh all-time highs earlier this year, while ADA still hasn’t reclaimed its old peak near $3.10. But that gap might actually be the opportunity. With altcoin season heating up, ADA sits in a spot where it has plenty of catching up to do, and if momentum really kicks in, a breakout could quickly turn into something much larger.
Earlier this week, ADA poked above the psychological $1 barrier for a moment before dipping back down. Most traders saw that as a healthy correction—early holders locking in some gains while waiting to reload at cheaper levels. Analysts now point out that a key support sits around $0.75, which also lines up with the 200-day EMA and a major trendline. If ADA bounces strong off that zone, it could light the fuse for the next leg higher.
Macro Tailwinds Add Fuel
The bigger backdrop seems to be lining up in ADA’s favor too. The U.S. Federal Reserve has already confirmed it’s on track to cut interest rates, with markets pricing in a 25 bps cut at the September FOMC meeting. Lower rates typically boost risk-on assets, and crypto has historically thrived in those environments. Put simply, liquidity is about to get looser, and that’s the kind of environment ADA bulls love.
In this setup, analysts have mapped out some clear checkpoints: $1.30 as the first target, then potentially a surge toward $4.50, which would be a whopping 508% upside from support levels. It’s an ambitious call, but with fresh accumulation, macro support, and a market that’s leaning bullish again, it’s not as far-fetched as it sounds.
Final Thoughts
Cardano’s silence in recent months might just have been the calm before the storm. With whales pulling supply off exchanges, macro trends turning supportive, and technicals showing room to run, ADA looks like it’s setting the stage for a potentially explosive rally. Whether it makes the leap to $4.5 or stalls at lower resistance, the coming months could finally be ADA’s chance to reclaim the spotlight.
The post Cardano Investors Pull $170M Off Exchanges, Fueling Bold Bullish Predictions first appeared on BlockNews.
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Bitcoin Losing Shine? Investors Rush to New Asset
Cardano Investors Pull $170M Off Exchanges, Fueling Bold Bullish Predictions
- Over $170M in ADA pulled from exchanges in a week, signaling strong accumulation.
- Key support sits around $0.75, while upside targets stretch to $1.30 and even $4.50.
- Favorable macro conditions and altcoin season could help ADA catch up after underperforming ETH and BNB.
Cardano is starting to get attention again, and this time it’s not because of hype tweets or speculative noise—it’s because of real money movement. In the past week alone, investors yanked roughly $170 million worth of ADA from major exchanges like Coinbase, Binance, and Upbit. That kind of move usually screams accumulation, not selling, and it’s exactly the kind of setup analysts look for when forecasting sharp rallies.
When coins flow out of exchanges, supply in the open market thins out. This latest outflow accounts for about 0.5% of ADA’s supply, which might not sound huge at first glance, but if the trend keeps up, a genuine squeeze could play out. Less liquidity on the books often means the next wave of buying hits harder—and some market watchers are already whispering about upside targets as wild as 500% gains.
ADA Price Prediction: Catching Up With Altcoin Season
Compared to heavyweights like Ethereum and BNB, Cardano’s year has been pretty underwhelming so far. ETH and BNB both pushed into fresh all-time highs earlier this year, while ADA still hasn’t reclaimed its old peak near $3.10. But that gap might actually be the opportunity. With altcoin season heating up, ADA sits in a spot where it has plenty of catching up to do, and if momentum really kicks in, a breakout could quickly turn into something much larger.
Earlier this week, ADA poked above the psychological $1 barrier for a moment before dipping back down. Most traders saw that as a healthy correction—early holders locking in some gains while waiting to reload at cheaper levels. Analysts now point out that a key support sits around $0.75, which also lines up with the 200-day EMA and a major trendline. If ADA bounces strong off that zone, it could light the fuse for the next leg higher.
Macro Tailwinds Add Fuel
The bigger backdrop seems to be lining up in ADA’s favor too. The U.S. Federal Reserve has already confirmed it’s on track to cut interest rates, with markets pricing in a 25 bps cut at the September FOMC meeting. Lower rates typically boost risk-on assets, and crypto has historically thrived in those environments. Put simply, liquidity is about to get looser, and that’s the kind of environment ADA bulls love.
In this setup, analysts have mapped out some clear checkpoints: $1.30 as the first target, then potentially a surge toward $4.50, which would be a whopping 508% upside from support levels. It’s an ambitious call, but with fresh accumulation, macro support, and a market that’s leaning bullish again, it’s not as far-fetched as it sounds.
Final Thoughts
Cardano’s silence in recent months might just have been the calm before the storm. With whales pulling supply off exchanges, macro trends turning supportive, and technicals showing room to run, ADA looks like it’s setting the stage for a potentially explosive rally. Whether it makes the leap to $4.5 or stalls at lower resistance, the coming months could finally be ADA’s chance to reclaim the spotlight.
The post Cardano Investors Pull $170M Off Exchanges, Fueling Bold Bullish Predictions first appeared on BlockNews.
Read More