Despite months of whale accumulation and recent bullish news of the Glacier Drop, the Cardano price remains depressed below $1. Investors are now concerned that ADA may take a long time to master the bullish stream required to push the asset price above this psychological zone.
Let’s dig into what’s happening.
ADA whale accumulation swings into action
After pulling a gigantic surge in Q4 last year, the Cardano price faced a massive selloff in the $1.3 region, tumbling to revisit the $0.51 support zone. This crash provided a killer “buy low” opportunity, and whales have been accumulating the token like nobody’s business in the past few months.
According to crypto expert Ali Martinez, Cardano whales accumulated over 410 million ADA valued at approximately $282 million throughout April. Recently, these whales gobbled up over 40 million ADA in two days!
These massive whale accumulations signify growing interest among institutional and high-net-worth investors and could help fuel the next leg up for ADA. Recently, Cardano was added to Grayscles Digital Large Cap Fund, a major milestone that signals strong institutional interest.
Cardano faces rejection in the $0.8 zone
Though the Cardano price has stagnated below $1, the asset has been responding well to recent whale accumulations, climbing over 60% from its recent dip to test the $0.85 resistance level.
Source: CoinMarketCap
Cardano bulls are now expected to try to push up past this region in the coming days. If ADA breaks above this barrier, it could surge towards $0.96, where more selling pressure might show up.
Cardano price prediction: ADA may struggle to rise above $1
Following months of massive whale accumulation, market participants expected ADA to blow past $1 and rocket upwards when the Cardano founder, Charles Hoskinson, dropped bullish news of the launch of the Midnight Glacier Drop during Consensus 2025 in Toronto.
The Glacier airdrop will distribute NIGHT and DUST tokens to 37 million users across eight major blockchains and was one of the more hyped Cardano events featured in its development roadmap. The Cardano founder believes ADA could hit $3, $5 or even $10 if the Cardano Input Output roadmap can fully implemented.
But with the launch of the Glacier Drop failing to push ADA past $1, it turns out that it may take a long time before the impact of these fundamental developments will be reflected in the ADA price. Recent CoinCodex Cardano price predictions now show that ADA may struggle to rise above $1 this year. It could even collapse back to the $0.5 region if current support zones fail to hold.
This bleak outlook is forcing an increasing number of investors to trim their Cardano holdings to reallocate capital to new crypto presale gems like Remittix, which has already blessed first movers with a 400% mouthwatering return.
Remittix: an emerging PayFi growth beast
At $0.0757, RTX has already returned over 3x to presale investors, and market analysts predict it will remain a growth beast, pulling a 10,000% potential upshot in 2025.
The Ethereum-based dApp is positioned to disrupt cross-border remittances with a cutting-edge crypto-to-fiat payment network that connects crypto assets to traditional financial channels worldwide. This smart remittance system enables Remittix to power real-time international money transfers at a fraction of traditional costs.
Confident investors have already stockpiled over 535 million RTX tokens, pouring in over $15 million into the Remittix presale. Investors seeking the most rewarding ROIs this year are strongly advised to move quickly and load up their portfolios while the price is still undervalued.
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