Cardano Price Up 6%: What's Going On With ADA?

Cardano's ADA/USD price rally has caught social media traders’ attention as whale activity surges and institutional interest grows.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Cardano ADA/USD	$1.06	$37.2 billion	+6%	+10.5%
TRON TRX/USD	$0.2319	$19.9 billion	+4%	-6.9%
XRP XRP/USD	$2.91	$167.4 billion	+8.4%	+26.2%

Trader Notes: Crypto influencer More Crypto Online points out price has yet to achieve an upside breakout.

A hold above $0.875 keeps a bullish scenario in play, though an emerging triangle pattern could shift momentum.

The nearest Fibonacci support lies between $0.912 and $0.984, offering limited stability.

Crypto Capital Venture's Dan Gambardello highlighted ADA’s retail appeal over VC-backed projects.

While some criticize its long-term performance, Gambardello pointed out ADA’s substantial gains since 2019, underscoring its potential.

Pseudonymous crypto trader and technical analyst Zen believes Cardano has "nice potential" for 2025 although it will be a slow process.

He sees ADA consolidating in a bull flag pattern, predicting a potential 175% rally post-breakout.

I believe $ADA has very nice potential for 2025. Might take time, while it consolidates within bull flag, but as soon as it breakout, it will grow to ~0.000028 (which is ~175% rom current price and over 200% from 2024 close, where I think it will dip again in any case) pic.twitter.com/iLh8VW6Na5

— Zen (@WiseAnalyze) January 14, 2025

Statistics: Coinglass data shows Cardano open interest spiking 14% to $1.3 billion in a single day as derivatives trading volume increased by 78.7% to $2.8 billion.

Crypto chart analyst Ali Martinez highlighted whales who have purchased 100 million ADA over the past 48 hours.

Whales have bought 100 million #Cardano $ADA over the past 48 hours! pic.twitter.com/5ccxVoiljo

— Ali (@ali_charts) January 15, 2025

Community News: Grayscale’s Digital Large Cap Fund (GDLC) has silently added ADA back to its portfolio after dropping it in April 2024 due to rebalancing.

As of Q4 2024, ADA accounts for 1.4% of the fund's composition, valued at over $11 million.

This re-entry coincides with ADA’s price rally, suggesting increasing institutional confidence.

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