Cardano Price: Is Bullish Breakout Possible Amid Whale Inactivity?

Cardano continues to receive interest despite whale activity remaining relatively flat after offloading over 180 Million ADA between Jan. 19 and Jan. 23. This sell-off coincided with ADA price dropping from approximately $1.14 to $0.93.

The whale holdings declined from 3.54 Billion ADA to 3.33 Billion ADA, showing significant profit-taking behavior.

The sell-off likely triggered panic among smaller holders, increasing ADA’s volatility.

ADA price decline reflected reduced demand from major investors. However, from Jan. 23 onward, accumulation signs emerged as whale holdings stabilized after easing their prior sell-off.

ADA whale activity | Source: Santiment

Short-term, ADA price recovered slightly, trading around $0.934 by Jan. 29.

This suggested selling pressure eased, allowing for potential recovery. If whales resume accumulation, ADA may push above $1.00 in the coming weeks.

Long-term, sustained accumulation by large holders could reinforce price stability, leading to bullish momentum.

However, renewed whale selling may create resistance, hindering rapid growth. Whale activity remains crucial for predicting ADA’s next move.

ADA Price Cup and Handle To Complete Massive Breakout

ADA completed a cup and handle formation, confirming a bullish continuation pattern.

The handle retraced to a strong trendline support near $0.90, setting up for a breakout. The price hovered around $0.9596, recovering from recent lows.

This pattern indicated a re-accumulation phase before ADA attempted a breakout beyond resistance near $1.00.

If ADA surpasses $1.10 with strong bullish momentum, it could push ADA towards $1.30 and potentially $1.7961.

However the quiet activity of whales could hinder the potential move.

ADA/USDT 2-day chart | Source: Trading View

In the short-term, Cardano price needs to break the downward trendline and consolidate above $1.00 to confirm the breakout.

Increased buying pressure could accelerate the potential upward movement.

Long-term, if ADA maintained this bullish structure, it could sustain an uptrend towards $1.796, marking a 90%+ rally from current levels.

Failure to hold $0.90 support would delay this move, leading to further consolidation.

Cardano Futures Open Interest Surges to ATH

Cardano futures open interest surged to an all-time high (ATH), exceeding $1.5 Billion, with ADA’s price spiking to $2.50.

Open interest showed increased speculative activity, reflecting heightened investor confidence with the lowest value being about $700M since November 2024.

Historically, rising open interest indicated fresh capital inflows, supporting price increases.

This rally resembled previous spikes in open interest during April and November, when Cardano price peaked around $1.20 before retracing.

Short-term, ADA’s price action remained highly volatile. If open interest continued climbing, liquidation risks could amplify, leading to sudden corrections.

A break above $2.50 would confirm bullish continuation, possibly retesting $3.00.

Long-term, sustained high open interest suggested increased market participation.

However, excessive leverage could trigger sharp declines if large liquidations occurred.

If ADA maintained demand, price stability above $2.00 was likely before further gains.

Monitoring funding rates and liquidation data remained crucial to predicting ADA’s next move.

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