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🔵 Cardano Sees Major Spike in $1M+ Transactions Is a Big Mo

CoinQuest

Updated at: 8 hours ago

{"content":"🔵 Cardano Sees Major Spike in $1M+ Transactions Is a Big Move Incoming? Cardano ($ADA ), currently ranked 10th by market cap, has witnessed a sharp rise in large-value transfers as whale presence intensifies. According to crypto analyst Ali, the ADA network recorded 137+ transfers over $1M in just the last 24 hours a notable sign that heavyweight players are becoming increasingly active. This uptick in whale movements comes as Cardano regains bullish momentum. From a bottom near $0.50 in June, ADA has climbed over 75% by Friday, hinting at a potential reversal of the prior downtrend. After three straight green days starting July 15, ADA hit a 20-week high of $0.896, facing resistance. At the time of writing, it had pulled back by 2.7% to $0.816 amid broader profit-taking yet still up 15% over the week. 🔹 Is a breakout near? Analysts suggest ADA has broken out of a bull flag pattern on the weekly chart and is now holding above both the 50-day and 200-day SMAs turning them into support. The projected target of this breakout is $2.70, which would be over a 200% gain from here. Whale activity like this can point to accumulation though it may also precede distribution. Either way, the surge in million-dollar moves signals something big might be brewing for Cardano. {future}(ADAUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/20/c76f273bade1433880ec02d5cb48b3ea.png"],"tags":[],"tradingPairs":["ADA/USDT"],"quotearticleid":0}

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