Cardano Advances with Accumulation of Whales and RSI Points to Uptrend

• Triangle breakout boosts Cardano price
• Whale accumulation reinforces bullish bias
• RSI indicates buying strength on the chart

Cardano (ADA) has shown significant momentum as it breaks out of a triangle formation that had been delimiting the behavior price. The adoption of the proof-of-stake (PoS) mechanism and the expansion of projects on the network have contributed to increasing the interest of large investors, who have intensified their purchase of the crypto asset in recent days. It is estimated that more than 130 million tokens have been accumulated in a short period of time, fueling expectations of a continuation of the bullish trend.

Whales bought an additional 30 million #Cardano $ ISLANDS in the last 24 hours! pic.twitter.com/c8h7ZkFKGH

— Ali (@ali_charts) January 16, 2025

Monitoring data suggests that this considerable volume is reflected in the market capitalization and the growth of the total value locked (TVL) metric. With the overcoming of psychological values, such as the $1 zone, confidence in the token has increased, also supported by technical indicators. The RSI, for example, presents levels that indicate strength in demand, signaling the maintenance of the bullish bias.

ADA’s advance was further boosted by the breakout of the symmetrical triangle, a factor that usually indicates a reduction in market uncertainty. If the price successfully retests the recently broken area, projections for levels above $1,30 are on the radar. Experts note that the network remains buoyant, especially due to planned improvements that aim to strengthen its scalability.

At the time of publication, the price of Cardano was quoted at US$1,13 with an increase of 0.2% in the last 24 hours.

On the other hand, if it fails to hold support around $1, a correction could occur, taking the asset to lower levels while participants reassess the strength of the movement. Even so, signs of participation by large portfolios remain relevant, as they tend to precede bullish cycles and contribute to greater liquidity in trading pairs.

The platform has also benefited from strategic partnerships and the growing use of smart contracts, expanding the diversity of applications. Sentiment analysis indicators on platforms such as Santiment show that market perception tends towards optimism, reflecting the vote of confidence from investors of different profiles.

If Cardano goes to $2 and then $3 with even average, Cardano native tokens have never operated in this environment before.

We've never seen native tokens tested in this kind of bullish momentum.

Hundreds…thousands of percent gains…fast.

They will soar with great acceleration…

— Dan Gambardello (@cryptorecruitr) January 17, 2025

Amid a scenario in which Cardano seeks to consolidate itself as a robust solution, the behavior of whales reinforces the growth prospects. Each acquisition in large volumes supports the thesis that the asset can still show progress, especially if the trading pace and on-chain metrics remain upward.