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Massive Cardano Demand Wall Could Push ADA Price Toward Higher Highs

As the bullish optimism in the cryptocurrency sector starts to quiet down, Cardano (ADA) has been recording high demand from crypto traders and investors, projecting a strong possibility of a price increase should this trend sustain.

Specifically, close to 92,000 addresses have purchased nearly 4.4 billion Cardano as it formed a crucial support area between $0.365 and $0.376, demonstrating a demand wall that offers an opportunity for ADA to reach higher highs, prominent crypto expert Ali Martinez said on January 29.

(By Ana Nicenko)

Cardano Cardano $0.90
+2.91%
Cardano ADA
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