ADA Surges 4.12% as Bitcoin's 12-Year-Old Coins Move, Resistance Looms
Cardano's ADA token has seen a surge in trading volume and price, currently trading at $0.799, up 4.12% in 24 hours. This comes after a significant transaction involving Bitcoin from the miner era and a period of sideways trading for ADA.
At press time, ADA's trading volume has increased by 56% to $852 million. This uptick follows a major Bitcoin transaction on September 29, 2025, where an address inactive for 12 years transferred 400.08 BTC, originally mined about 15 years ago. This transaction has sparked interest due to the age of the coins and the size of the transfer.
ADA has faced resistance at the $1.20 level throughout 2025, with each test resulting in a price reversal. Crypto analyst Crypto Patel notes that ADA's structure mirrors its 2021 run, with resistances at $1.20 and $2.94, and long-term targets of $5.81 and $15.59.
The Relative Strength Index (RSI) stands at 43.6, indicating neutral momentum and the potential for market sentiment to drive prices in either direction. ADA has been trading sideways for the past five days after breaking below a key ascending trendline. However, Bollinger Bands suggest a potential recovery, as ADA hovers near the lower boundary, indicating oversold territory.
Traders currently hold a bearish outlook, with $43.5M in shorts outweighing $22.2M in longs, according to CoinGlass data. Despite this, exchanges have witnessed an outflow of $66.82 million worth of ADA over the past week, hinting at potential accumulation and a possible upside rally. A popular trader has even predicted that ADA will 'hit $2.00 very quickly'. However, this claim lacks supporting data. Currently, ADA's price action is unclear, moving in a tight range between $0.7574 and $0.8156 after breaching a key support level.
ADA's recent price increase and high trading volume, coupled with the significant Bitcoin transaction, suggest potential interest and activity in the stock market today. However, the bearish trader sentiment and resistance at key levels indicate a need for cautious optimism. As ADA's price action remains unclear, investors should monitor market sentiment and technical indicators for further direction.
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