Cardano Price Prediction: Whales Dump 30M ADA – $2 Breakout or More Pain Ahead? - Coinedict

Cardano’s price has come under pressure after whales offloaded over 30 million ADA, sparking debate on whether this move signals weakness or sets the stage for a powerful bounce.

Whales Trigger Market Jitters

Data shared by popular trader Ali Martinez (153K+ followers on X) revealed that large ADA holders recently sold around 30 million tokens after Cardano touched the $1 mark. Such whale movements often set the tone for broader market sentiment, raising concerns among traders about whether more downside could follow.

Despite the sell-off, ADA has still gained 9% in the past 30 days, suggesting that fresh buyers are taking advantage of dips to accumulate the token.

Key Support Holding Strong

Cardano’s price chart shows ADA is currently trading inside an ascending channel — a bullish pattern — while also holding firm at the 200-day exponential moving average (EMA).

This alignment of technical support levels has historically been a launchpad for ADA rallies. If the token can break above the $1 resistance, analysts suggest it could quickly target $1.40, and eventually $2, marking a potential 145% rally from current levels.

Market Outlook: Risk or Opportunity?

While whale selling raises short-term caution, ADA’s resilience and accumulation at key support hint that a rebound could be in play. With altcoin season heating up, many traders are watching ADA closely as it could emerge as one of the top performers if momentum continues.

Beyond Cardano: Presales Gaining Attention

Alongside ADA’s price action, new projects like Pepenode ($PEPENODE) are catching investor attention. The project has already raised nearly $600K in its presale and introduces a Mine-to-Earn (M2E) gaming model. Instead of expensive mining rigs, users deploy virtual mining setups to earn meme coins like BONK and FARTCOIN.

Early buyers can stake their $PEPENODE tokens for high yields (up to 2,786%) while expanding digital mining empires inside the game. With demand tied directly to gameplay, analysts expect strong buying pressure once the project launches.

For Cardano, the next few weeks could be decisive. If ADA holds support and breaks the $1 barrier, the path toward $2+ looks possible. But with whales selling into strength, traders should remain cautious and track market momentum closely.

Meanwhile, newer tokens like $PEPENODE are showing how innovation and presales continue to attract attention in the crypto space.