Cardano (ADA) Eyes $4.87 as Fractal Repeats and Whales Accumulate

• Fibonacci signals $4.87 as the next key ADA breakout target.
• Whale interest and JPY volume push ADA into a bullish breakout zone.

Cardano (ADA) appears to repeat a bullish fractal pattern that was last seen in 2019 and 2021.   During 2019, ADA had a modest breakout, followed by a surge of 11,412% in 2021. A similar pattern in 2024 led to a 188.01% increase before a correction took ADA to $0.0278. Now trading near $0.82, the token has emerged from this recurring structure.

The Fibonacci extensions from the breakout suggest ambitious upside targets. These include $4.87 (261.8%), $13.62 (361.8%), and $38.05 (461.8%).

According to technical analysts, the current weekly chart supports the momentum of a fresh bull cycle. The setup closely resembles earlier conditions that preceded substantial gains in past cycles.

ADA/JPY Pair Records Explosive Growth as Japan Ramps Up Participation

Trading activity in Japan has surged, with the ADA/JPY pair recording a 323.24% volume increase over the past 24 hours. Binance data placed it second globally among all ADA trading pairs. The pair now rivals ADA/USDT, which recorded a 79.91% volume gain, hitting $140.7 million.

ADA’s price in Japanese yen rose more than 4%, trading around ¥115.19. Analysts noted that the spike in Japanese trading volume underscores growing domestic interest in Cardano. 

Japanese investors are increasingly active on major exchanges, shifting regional focus toward blockchain assets like ADA. The sharp rise in volume suggests that Japan could become a key driver of ADA’s next market phase.

Whale Accumulation Signals Potential Breakout Above $1

CryptoQuant data shows a noticeable increase in large transactions involving Cardano. These whale-sized orders are marked in green on the chart and indicate renewed activity from high-net-worth addresses. Analysts view this accumulation as a strategic move typically seen before upward market movements.

Market participants believe this shift may signal the early stages of a price rally. Whale accumulation has often preceded significant price increases, strengthening bullish outlooks. 

Observers suggest that a clean move past the $1 mark, supported by rising volume, would confirm the uptrend. This aligns with current liquidity zones and investor sentiment favoring continued growth.

At the time of writing, Cardano (ADA) price is $0.7792, marking an 11.67% monthly gain.