Cardano (ADA) Price Skyrockets 20% as Analysts Predict $2 Breakout Amid Whale Accumulation

Cardano (ADA) is once again stealing the spotlight in the crypto market. With a stunning 20% surge in the past 24 hours and a 29% gain over the last week, ADA is breaking out of technical patterns that previously signaled historic rallies—and analysts believe a retest of the $2 mark may be underway.

Currently trading near $0.74, Cardano is enjoying renewed investor interest following Bitcoin’s all-time high and growing momentum ahead of a long-awaited altcoin season. As trading volume spikes and support levels hold firm, technical analysts are sounding the alarm for a potential parabolic move.

ADA Mirrors Historic Breakout Patterns

According to crypto analyst Ali Martinez, Cardano is exhibiting a bullish parallel channel pattern that mirrors its price behavior earlier this year when it surged over 55% after touching $0.55. ADA has again bounced off this key support zone and is now aiming for its previous high around $0.85.

Martinez emphasized that the current setup is “happening again,” highlighting how ADA’s historical patterns often precede explosive gains when specific technical conditions align. If ADA continues this trajectory, the $1 resistance level could be tested—and potentially breached—sooner than expected.

Meanwhile, another analyst, MinswapIntern, has set an even more bullish target, pointing to the 50-week exponential moving average (EMA). The last two times Cardano crossed this line, it delivered gains of 212% and 128%. If history repeats, this puts ADA’s near-term price target at a staggering $1.77.

“Cardano is now testing the 50-week EMA. The last 2 times it crossed this line, it went up 212% and 128%. If history repeats, we will be looking at $1.77 ADA,” the analyst posted on X.

Whale Accumulation at Record Levels

Backing the bullish narrative is significant on-chain data. Whales have added over $75 million in ADA in recent weeks—the largest accumulation event since 2021. Currently, 5.55 billion ADA is held by large wallets, up from 5.43 billion in mid-June.

The increased accumulation aligns with a surge in daily trading volume, now exceeding $1.7 billion, and a market-wide risk-on sentiment as Bitcoin’s strength continues to push altcoins higher. The breakout above the 200-day EMA also triggered a massive 4,146% spike in short liquidations, further reinforcing ADA’s bullish tilt.

On-Chain Developments Strengthen the Fundamentals

Cardano’s bullish setup isn’t just technical. On-chain development remains strong, with recent GitHub activity showing 278 weekly commits tied to major projects like Hydra, Leios, and Midnight. The ecosystem is also expanding globally—most notably through a new partnership in Argentina with Tx Pipe aimed at accelerating developer growth.

Charles Hoskinson, CEO of Input Output (IO), noted:

“Their team represents the best of what Argentina’s developer community has to offer. Together, we are building a foundation for long-term ecosystem growth.”

Cardano also recently confirmed its first weekly golden cross, adding to investor confidence. Google Trends shows rising interest in terms like “ADA Layer 2,” “crypto staking,” and “early-stage crypto investment,” indicating that retail and institutional attention is heating up.

Can ADA Reach $2?

The next major resistance is psychological: $1.00. Breaking this could spark a rapid supply vacuum up to $1.50 and beyond, especially if development milestones such as Hydra stress tests and governance upgrades via Intersect continue to impress.

If ADA maintains support above $0.68 and whale demand continues to grow, a move toward $2 or even $3 during Q4 2025 may not be far-fetched. Analysts also forecast a cycle top near $5, especially if broader crypto market liquidity remains strong.

However, traders should be cautious. Failure to sustain momentum could see ADA drift back toward $0.55–$0.75 until new catalysts emerge. For now, the technicals, fundamentals, and investor sentiment all point toward a bullish continuation.

Bottom Line

As the crypto market enters a new era of volatility and bullish opportunity, Cardano appears well-positioned to lead the next leg of altcoin gains. Whether you’re a long-term holder or short-term trader, ADA’s recent surge and historical price behavior offer a compelling case to watch this asset closely in the weeks ahead.