Will ADA Price Surge 40%, as Whale Activity Surges?

The ADA price has gained significant traction in recent days of July, driven by renewed optimism from the broader crypto space and strong technical indicators. 

While this week’s sentiment is totally because of the “GENIUS and CLARITY” bills that are passed and the confidence spurred by Cardano founder Charles Hoskinson, who mentioned the U.S.  to lead the next wave of crypto giants, including ADA itself. 

This outlook, paired with improving DeFi metrics and on-chain activity, has reinforced the narrative that price of ADA could also be primed for another leg up, provided it maintains its current levels.

Hoskinson’s Remarks Trigger Whale Action

In a recent clip from the Angry Crypto Show posted on X has captured Hoskinson sharing his bullish stance on the sector’s trajectory. 

He predicted that the broader crypto market is on a path toward a $10 trillion valuation and emphasized that U.S.-based projects like Cardano would form the core of this growth. 

His statements appear to have resonated with large investors, as the day after this clip was posted, some metrics spiked.

Aligning with this, analyst Ali Martinez has confirmed these spikes. He mentioned on X that ADA recorded more than 137 whale-sized transactions (each over $1 million) in just 24 hours. 

This activity, which he tracked by Santiment, indicates rising confidence among big players and may suggest strategic accumulation.

ADA Price Breaks Out, Bulls Regain Control

On the technical front, the Cardano price has broken out of its long-term descending channel this July, and the bull run is ongoing.

The asset most recently spiked to $0.90, breaking past May’s high. Although it has slightly retraced, it is currently sustaining levels near $0.827, with a market capitalization of around $29.48 billion. 

If the ADA price can hold above $0.82 during the current consolidation phase, analysts suggest there’s potential for a 40% rally to the $1.18 level. However, a failure to maintain this support amid increasing bearish pressure could result in a 20% pullback toward $0.68.

DeFi Strength and On-Chain Metrics Support Rally

Supporting this bullish setup, DeFiLlama data shows that Cardano crypto’s TVL has climbed to $374.54 million, and it seems to be nearing the highs last seen in mid-May. 

Moreover, its 24-hour DEX volume has been on the rise throughout July, and the weekly stablecoin market cap has also rebounded slightly to $32.14 billion from a low of $31.09 billion. 

These trends clearly indicate growing liquidity and a gradual return of investor activity to the ADA ecosystem.

Technical Indicators Point to Building Momentum

Several indicators confirm that ADA may be entering a high-momentum phase. A golden cross between the 20-day and 50-day EMA signals trend reversal.

The MACD line and signal line also reflect a golden cross with a rising histogram at 0.022. 

Meanwhile, the AO displays a widening histogram at 0.1582, and the CMF is at 0.10, which is above the neutral zone. These are hinting bullish momentum, and increasing capital inflows into ADA crypto.

Despite these bullish signals, some caution is warranted in the short term. The RSI has entered overbought territory, indicating temporary exhaustion in the rally. 

This suggests a brief consolidation or slight correction could allow RSI to cool down near the 60–65 range, which is a level that could reignite upward movement in ADA price.

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