Whale accumulation has picked up as well. Reports indicate the number of wallets holding 10 million or more ADA recently climbed to a four-month high, even as the price continued sliding.
The liquidation data reflects the same tension. Of the $637,500 in total ADA positions wiped out in the past day, shorts accounted for nearly 80% of the damage. Long positions absorbed the rest — about $135,200 — as buyers got caught on the wrong side of brief downward swings.
BREAKING:
The target is 1.20$ end of this week.
ADA’s all-time high of $3.10 came in 2021. After that peak, the coin dropped sharply. By the week of January 17, 2022, it had fallen from $1.60 to below $0.91, before eventually settling near the top of the channel around $1.18.
That range — from roughly $0.23 on the low end to $1.18 on the high end — has contained price action ever since.
Today, the price sits where that trendline meets the channel’s lower boundary — a compression point that typically forces a decisive move.
The unnamed trader’s analysis calls for a breakout to the upside with a price target near $1.20 before the week ends. That would represent a roughly 380% gain from current levels in less than two days.
A Bold Call From An Unknown VoiceStill, the prediction carries real weight only if its source does — and that source remains unknown. The trader behind the “ticking time bomb” call was never identified in the analysis Mintern shared, which raises obvious questions about credibility, track record, and motive.
A 380% rally in under 48 hours is an extraordinary claim. Extraordinary claims demand more than an anonymous chart.
Featured image from Meta, chart from TradingView
