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Cardano (ADA) price has increased 30% in the past seven days and more than 5% in the recent 24 hours, with trading volume reaching $1.5 billion and market capitalization approaching $40 billion.
The ADX index at 53.8 indicates a strong uptrend, with two golden crosses formed between January 2 and 3 reinforcing the bullish momentum. As ADA approaches key resistance levels, the ability to maintain this momentum will be key to the possibility of further growth.
ADX Cardano Shows a Strong Uptrend
Cardano’s ADX (Average Directional Index) is currently at 53.8, showing a very strong trend. ADX measures trend strength on a scale of 0 to 100, with values above 25 indicating a strong trend and below 20 weak or no momentum.
ADA’s ADX has remained above 50 since January 4, reflecting sustained bullish strength. This level marks a significant increase from 11.8 on January 1, signaling a sharp increase in trend strength as ADA enters its current strong bullish cycle.
At 53.8, ADX suggests that ADA’s uptrend is firmly established and supported by strong market confidence. The jump from early-month lows suggests momentum is building, which could lead to further price increases if sustained.
However, traders need to watch for signs of fatigue in the trend, as an ADX reading above 50 can also indicate that the trend is nearing its peak. For Cardano to maintain an uptrend, buying pressure and interest from the market are essential.
ADA Whales Begin Accumulating 2025
The number of ADA whales, defined as addresses holding between 10 million and 100 million ADA, has been growing since the beginning of 2025. Increasing from 404 on January 1 to 407 on January 5, this gives see new accumulation from large investors.
Currently, this number has decreased slightly to 406, indicating small but steady fluctuations in whale activity.
Tracking whale activity is important because these large investors have the ability to influence the market. Their accumulation often signals increased confidence in the asset, which can spur price increases due to reduced circulating supply and increased demand.
For ADA price, the recent increase in whale numbers suggests a positive outlook, reflecting the possibility of a continuation of the current uptrend if whale accumulation continues. Conversely, a reversal in this trend could signal a change in sentiment, affecting ADA’s momentum.
Cardano Price Prediction: Will the Upward Momentum Continue?
The EMAs for Cardano price formed two golden crosses between January 2 and 3, signaling strong bullish momentum. These golden crosses have contributed to significant price increases, with ADA up 30% in the past seven days.
Currently, the short-term EMAs are placed above the long-term ones, indicating a strong bullish structure with sustained upward momentum.
If the current uptrend continues, ADA price could test the key resistance at $1.18. A break through this level could pave the way for further gains, with potential targets at $1.24 and $1.32, especially if ADX continues to confirm the strength of the uptrend.
However, if the uptrend begins to weaken, ADA could test support at $1.03. A break below this support could see a significant correction, possibly falling below $1 to test the $0.91 and $0.82 levels.
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