Leading whales are slowly gravitating towards Cardano, drawing big crypto loaders to take advantage of the recent dip in ADA. The cryptocurrency market recently went through a violent price decline, with coins like ADA projecting low price values at the moment. However, the momentum is expected to pick up pace soon, with ADA whales already signaling renewed interest towards the token. What’s next for the Cardano price in general? Let’s find out.

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ADA Whales Are Active Again

The recent price dip compelled the Cardano whales to act fast, scooping up ADA tokens in large quantities. Per a recent post by Taptools, ADA whales have accumulated nearly 140M tokens in the last three days.

“JUST IN: Cardano whales have quietly accumulated over 140 million $ADA in the past three days. Wallets holding 10M–100M $ADA increased their balance from 13.06B to 13.20B.”

This momentum signals how ADA whales are positioning themselves for future gains, expressing their confidence and support towards the asset.

At the same time, Cardano is working towards expanding its ecosystem, busy exploring new offerings such as Leios and Midnight to gain traction in the space.

Moreover, cryptocurrency experts have also started to shower their bullish predictions about ADA’s bright future. Per Javon Marks, a notable cryptocurrency expert, ADA has already crossed multiple price targets and is now looking forward to breaching new price targets again.

Marks has predicted two price thresholds for the token to breach, starting with the $2 price mark. The expert stated how ADA is poised to amp up its pace to eventually surge 800% to hit the $8 price mark.

“After breaking out last cycle, $ADA (Cardano) went on to meet three of its targets, and the prices, which recently broke out again, look to be on track to meet targets yet again.First up is an over 221% run to ~$2.77, but we see a run like last cycle, and this could lead up to ~$7.82, which is more than 800% away from prices now…”

The Technical Aspect Of The Asset

CoinCodex suggests that ADA may gradually approach the $2 price mark, with the possibility of the token reaching this level by 2040.

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 291.47% and reach $2.74 by December 28, 2040. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 34 (Fear). Cardano recorded 14/30 (47%) green days with 8.11% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a bad time to buy Cardano.”

Also Read: Cardano Turns Red, But Predicted To Hit $1.34 Soon