Cardano (ADA) is riding the bullish wave sweeping across the crypto market, closely mirroring Bitcoin’s upward momentum, which itself is being catalyzed by Gold’s meteoric rise. In the last seven days, ADA has posted a notable gain of over 10%, trading at approximately $0.645 as of Tuesday, April 15, during the mid-London session.
Adding to the bullish sentiment, Cardano’s Futures Open Interest (OI) has surged by 3.13% in the past 24 hours, hovering around $632 million. This uptick signals a rising appetite among traders to leverage the altcoin’s potential upside.
Yet, on-chain dynamics tell a mixed story. According to data from Santiment, Cardano whales—wallets holding between 1 million and 10 million ADA—have offloaded over 100 million tokens in recent weeks. This specific cohort now holds 5.65 billion ADA, valued at roughly $3.64 billion. The whale capitulation, often viewed as a sign of redistribution or caution, contrasts with the growing institutional interest reflected in futures data.
Whales have offloaded over 100 million #Cardano $ADA in the past week! pic.twitter.com/kdCl1CXmEE
— Ali (@ali_charts) April 15, 2025
From a technical analysis standpoint, ADA appears to be echoing the 2021 bull cycle’s fractal pattern—minus the pandemic-driven volatility. With a fully diluted valuation of $29 billion and a 24-hour trading volume of $668 million, ADA may be on the verge of completing its consolidation phase. Analysts predict a possible consolidation range between $0.55 and $0.74 before a breakout rally that could push prices toward $1.38.
On the fundamentals side, the Cardano ecosystem continues to expand as a key player in Web3. The network boasts a Total Value Locked (TVL) of $298 million and a stablecoins market cap of $31 million. Additionally, the U.S. SEC’s acknowledgment of Cardano as a potential game-changer in public sector applications—especially in education—has bolstered mainstream interest in the project.
With strong technical signals, growing network utility, and institutional nods, ADA may be gearing up for its next significant leg up.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: $5 ADA? Crypto Analyst Predicts Massive Cardano Rally as Momentum Builds
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