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Key Insights:
- Profit booking in ADA has skyrocketed, and Cardano’s price appears to be struggling to hold its recent breakout.
- Investors have sold off $7.64 million worth of ADA tokens after the price broke a key resistance level.
- Experts’ bold predictions show growing interest in the token. However, an analyst recently noted that a candle closing above $0.85 could bring renewed upside momentum.
Cardano (ADA), after breaching a key resistance level, is now facing a massive sell-off. It struggled to sustain the recent breakout. This began on July 18, 2025, when the ADA token finally broke through its key hurdles. This had previously constrained its momentum.
$7.65 Million Worth of Cardano Inflow Onto Exchanges
After the breakout, sentiment turned bullish, and experts and Cardano holders began expecting significant upside momentum. However, these expectations faded as the ADA token rallied and crossed the $0.89 mark.
Investors and traders seized this level for profit booking. With this, millions of dollars’ worth of tokens are being offloaded onto exchanges, as reported by Coinglass.
Over $7.64 Million in ADA has been transferred to global exchanges in the last 24 hours, per Coinglass. This surge in movement may signal increased trading activity or preparation for significant price action.
Such a substantial inflow of ADA onto exchanges suggests potential dumping. It indicates a possible sell-off. This could create selling pressure and lead to further downside momentum. This is something Cardano prices are currently experiencing.
Current Cardano Price Momentum and Experts’ Prediction
At present, the ADA token is struggling to hold its current level. CoinMarketCap data shows that ADA has been hovering near $0.8257. It recorded a modest gain of 1.60% in the past 24 hours.
During this period, Cardano reached an intraday high of $0.89. However, the sell-off has caused the asset’s price to plummet.
However, despite the uncertainty, participation has surged. This resulted in a 40% increase in trading volume compared to the previous day.
Despite ongoing price struggles and an unclear direction, experts and analysts have made bold predictions for the asset. It recently surfaced on X (formerly Twitter).
A crypto analyst recently predicted that while the ADA token currently sits at $0.80, it could hit $8. Meanwhile, another expert stated that Cardano’s price could reach a new all-time high before the year ends.
Not only this, but several more posts have surfaced on X, gaining massive attention from crypto enthusiasts.
Cardano Price Action and Technical Analysis
According to expert technical analysis, Cardano is in an uptrend but is currently being corrected due to an overstretched price. TradingView data shows that Cardano has climbed over 52% in the past nine trading sessions.
This leads to a breakout above a key resistance level. However, the price is now struggling to hold this level. Also, the ADA token may continue to move sideways before resuming its upward momentum.
Based on recent price action and historical momentum, Cardano may hold this key level. If this happens, a price surge of over 40% could be seen, and the price could reach the $1.20 level.
On the other hand, if momentum weakens and ADA fails to hold this level, history may repeat itself. Also, the price could experience a 14% downside move.
As of now, the asset’s Relative Strength Index (RSI) stands at 77, indicating that it is in overbought territory. Historically, whenever the asset enters this zone, it tends to experience a correction and downside momentum. This could occur before ADA resumes its rally.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
