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Solana Whale Unstakes 100K $SOL After 4 Years, Sits on $153 Million Profit

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  • A Solana whale who staked 991,079 SOL in 2021 has now made a profit of over $153 million, with a current holding of 1.29 million SOL worth over $180 million.
  • The whale recently withdrew 100,000 SOL (worth about $13.9 million) to Binance, possibly for selling, but still holds 1.19 million SOL.

A Solana whale has made over $153 million in profit after staking tokens for four years. Recently, they withdrew about $13.9 million worth of SOL but still have more than a million coins in their wallet.

The whale drew attention to himself after taking out about 100,000 SOL, worth nearly $13.9 million, from his staking account and sending it to Binance.

According to Lookonchain, the whale staked 991,079 SOL in 2021 when the price was trading at about $27. At that time, the total cost of buying 991,079 SOL was almost 27 million.

After four years, the whale grew his holdings to 1.29 million tokens, which are now valued at more than $180 million, with Solana trading at about $140. On the 22nd of April, the investor took out a little profit by moving a portion of the money to Binance exchange, a step that many believe could be linked to selling.

Despite this move, about 1.19 million SOL still remains untouched. In total, the whale is sitting on a profit of more than $153 million, suggesting that the withdrawal is a more calculated move rather than a full withdrawal.

Solana Gains Amid Recent Volatility

Recently, Solana has shown a mix of strength and price swings. Currently, Solana is trading at $151.49 and has been up by 8.2% in the last 24 hours. Even with this small rise, the token has stayed between $134.72 and $150.35, suggesting it’s moving sideways instead of breaking out.

Over the last seven days, the price jumped by 21.6%, doing better than the overall crypto market, which rose 5%. In two weeks, it climbed more than 42%, but its monthly increase is just 8.3%, showing some ups and downs after having a strong move earlier in the month.

Related Reading | Solana beats resistance: key levels to watch after 17% weekly gain

Ethereum Whale Dumps $15,000 ETH After a Little Price Rise

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  • An Ethereum whale borrowed 15,000 ETH from Aave and quickly sold it for 24.9 million USDT after a little price surge, sparking fear and signaling a potential bearish sentiment among other holders.
  • Following the ETH sale, the price of Ethereum dipped by 0.5%, which is $1,653, before recovering to $1,699.

An Ethereum whale borrowed 15,000 ETH from Aave and sold it for 24.9 million USDT at about $1,660 per ETH. This move caused fear in the market and may show that big holders are becoming less confident in Ethereum’s price going higher.

Most times, when whales decide to sell off a portion of their assets, maybe because of a price increase, it shows caution or a lack of confidence in the price’s continued upward momentum. This kind of move can cause a shift in the overall market perception and also create uncertainty amongst other holders.

Whale Reaction Following Ethereum Price Surge

On April 22, Lookonchain, a platform that tracks blockchain activity, reported that a whale borrowed about 15,000 ETH from Aave, another blockchain platform, and sold it for about 24.9 million USDT at an average price of $1,660.

Screenshot 20250422 221036 X
Ethereum Whale Dumps $15,000 ETH After a Little Price Rise 3

This happened immediately after Ethereum saw a rise in its price, showing how quickly whales sell their holdings after prices go up. The wallet address, 0xfd10…, made the trade within 15 minutes of the increase, pointing to a fast response to market changes.

The size of the crypto and the timing are very important to crypto traders, as some see it as a strategic decision that may signal shifts in market confidence or available liquidity. The decision to switch ETH to USDT could also reflect a plan to lock in profits or limit risk during uncertain conditions.

Ethereum Price Reaction Following Whale Dump

Due to the whale’s action, the value of Ethereum dropped slightly by 0.5% to $1,653, likely due to the large sale, but has risen again to about $1,699 as of the time of writing. The quick drop showed how much big moves can affect price levels. During the same period, the trading volume for the ETH/USDT pair jumped by 15%, hitting 34.5 million USDT.

Screenshot 20250422 221405 Chrome
Ethereum Whale Dumps $15,000 ETH After a Little Price Rise 4

source: coingecko.com

Is Ethereum Preparing for a Big Move? Whales Reactivate with Massive Transfers

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  • Ethereum whales reactivate as large ETH transfers to exchanges like Kraken and Anchorage Digital stir market interest.
  • Major Ethereum ICO wallet 0xddb unloads $21.5M in ETH, signaling possible changes in future market activity.
  • Paradigm moves 96,955 ETH, suggesting preparation for significant trades or listings on platforms like Binance or Coinbase.

Ethereum’s majors are moving again as important ETH transactions have occurred. According to the analytical platform Spot On Chain, large Ethereum wallets are becoming active again at the moment. Significant amounts have been moved to exchanges such as Kraken and Anchorage Digital. This shift has compelled the attention of traders and analysts observing the market, as it may herald change in Ethereum’s market structure.

Major Ethereum Transfer to Kraken

One of the major transfers was with an Ethereum ICO address, 0xddb, connected to the Ethereum Foundation. This wallet had been inactive for six years before reactivation on March 10. It transferred 1,001 ETH, which at the time was equivalent to 1,580,725 USD, to Kraken. This was the first strategic action since reactivation was done. The whale has since unloaded 12,891 ETH, which would amount to $21.5 million.

In these transactions, the ETH was bought and sold at an average price of $1,668. Still, the whale retains 28,000 ETH, which has an equivalent market value of $44.1 million. Such movements have elicited sentiments on future trading activity among the whales. These transfers are widely observed in the ETH market by participants interested in whether these are signs of further market shifts.

Another major transfer came from Paradigm, which is one of the most popular institutional investors. Paradigm shifted 5,500 ETH, or the equivalent of 8.68 million USD, to Anchorage Digital. This is also to bring an end to the nine-month break previously recorded in the center previous economic activities. Paradigm has been transferring substantial amounts to this institutional platform since January 2024.

Paradigm’s Massive ETH Transfer

As of now, Paradigm has transferred 96,955 ETH worth $301.5 million to Anchorage. These transfers were made at an average cost of $3,109 for each ETH. The movement may indicate that Paradigm could be in the process of preparing for a bigger deal. Some predict that these may be preparing the stage toward listing on other exchanges such as Binance or Coinbase.

This movement of getting the Ethereum wallets activated again is important. Such large-scale transfers may be made by whales, which is likely to cause a shift in market characteristics. The transformation may mean that swap whales are ready to resist the possibility of taking profits or creating massive volumes. Such moves may cause fluctuations in the price of ETH in the market. Analysts will keep their eyes peeled to see the effects of these changes on Ethereum even further.

Whales Accumulate 376M $LINK at $6.30: Is a Chainlink Rally Imminent?

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  • Whales have accumulated 376 million $LINK at the $6.30 level, forming a strong support zone.
  • $15.22 has emerged as a key resistance level, with potential selling pressure from holders at a loss.
  • Analyst Ali suggests Chainlink’s next big move will depend on breaking key levels with strong trading volume.

According to a chart shared by popular crypto analyst on twitter Ali (@ali-charts), there has been a significant purchase of Chainlink’s native token ($LINK) at the $6.30 price range. Hence, he believes that this price region is a strong support level for $LINK.

The analyst revealed that $LINK buyers bought 376 million of the token, a proof of the conviction from large holders, known as whales. As shown by the green clusters, the chart showed that lots of buyers piled up at this price point.

Hence, majority of wallets that purchased the token at this price are holding it at a profit. With so many buyers at this point, it is unlikely that $LINK’s price will drop below this level.

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Source: X @ali_charts

Is this the Start of a Rally?

Also, the massive purchases at this point could be a signal that Chainlink is about to start a strong rally. Usually, purchases by deep-pocketed investors lead to price jumps as these players invest for the long term.

Hence, Ali believes that the $6.30 price could become the point at which $LINK’s price start experiencing a substantial upward movement. Meanwhile, the analyst also stated that the $15.22 price is a key resistance level for investors and traders to monitor.

At such levels, selling pressure are usually greater than buying pressure, leading to a pause or reversal in the coin price’s upward movement. Using the chart, Ali explained that the red clusters which corresponds with the $15.22 price represents a price point where addresses that purchased at this price are currently holding in losses.

Hence, if the coin’s price reaches this level again, many of them may choose to sell to recoup their investments, even though it would be without any profit.

According to the analyst, this could add to the selling pressure at this price level.

Chainlink’s Support Vs Resistance Zone

Ali also explained that Chainlink‘s price movement in the near to medium term will be determined by the interplay between the support price point of $6.30 and the resistance price point of $15.22. Should $LINK break above the $15.22 resistance price level following strong trading volume, it could start a stronger rally.

In contrast, it fails to break above this price, it could reverse back towards the established support levels. Traders seeking to make any position (buy or sell) would need to pay attention to broader market sentiment and trading volume between these important support and resistance levels.

Whale Signals Bearish Outlook on Solana’s $HYPE with Short Position

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  • A crypto whale placed nine million USDC into HyperLiquid to aggressively short it’s token, $HYPE.
  • $HYPE sees apparently bullish trends, but the whale placed $638K in limit sell orders on the assumption that the price would drop.
  • Such institutional-level and strategic moves imply bearish sentiment in Hyperliquid.

A crypto whale just made a move that is generating a lot of buzz. According to Lookonchain, 9 million USDC was deposited into the HyperLiquid exchange by a brand-new wallet. Experts believe that this was not an arbitrary act, but rather a tactical step taken to short against Solana’s trending token, $HYPE.

The Short Position Suggests Selling Pressure On The Value Of $HYPE 

The idea of shorting a token basically means predicting its price to drop. Here, the whale is anticipating the value of $HYPE to decline. The deposit, as indicated on Lookonchain, is also observed to be immediate, with the whale putting a chain of sell limit orders to benefit from this anticipated decrease.

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Source: @Lookonchain

The limit orders, which are used to make the asset sold at a specified price, were between $18.7 and $19 per token. The total value of these short orders amounts to an eye-catching $638,000. 

With volumes that span multiple price points, it is believed that the whale thinks there’s going to be a lot of downside for the token. 

Strategic Transfers Precede Aggressive Short Positions

Data from Lookonchain also indicates how this newly generated wallet was funded from a series of transactions coming from several Coinbase hot wallets. Two batches of transfers were made, the first of which consisted of 5.1 million USDC, and the other was 3.9 million USDC. 

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Source: X @Lookonchain

When these funds were received, about 3.92 million USDC, was bridged from the Arbitrum layer 2 scaling solution to Hyperliquid. Almost as soon as the wallet was set up, the whale had already placed the short orders. 

The trades were placed in batches of between 4,000 and 5,900 HYPE tokens at descending price levels, with a limit sell placed for each trade. With such a layering of these orders, it appeared like the trader was aiming to earn gradually as $HYPE’s price slides through each level.

$HYPE’s Bullish Momentum Challenged with Whale’s Contrarian Move

This whale operation on $HYPE, by its scale and speed, implies some form of institutional-level planning and execution. Also, the amount of heavy capital involved is very rare and suggests a bearish sentiment from investor(s) whose resources and insight are significant.

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Source: X @Lookonchain

Top Analyst Predicts Solana Will Hit $250 in May as Whales Accumulate SOL and SOLX

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Solana (SOL) is back in the green this week – and traders are excited.

One top analyst is even betting that SOL will soar to $250 by May, which would represent an 80% jump from here.

And with whales investing in Solana and the new Solaxy (SOLX) project, momentum is building for what could be one of the year’s biggest rallies.

Solana Price Hits $138 as Analyst Forecasts Further Gains

At the time of writing, Solana is sitting around $138 – up nearly 40% from this month’s low and climbing 3% in the last 24 hours.

Spot volumes have surged to $2.8 billion, and you can feel the buzz from traders who had written SOL off after it dipped to $100 in early April.

The rejection at $100 actually helped turn sentiment around, drawing in retail traders looking for exposure.

Enter crypto analyst @ChristiaanDeFi, who has over 240,000 X (Twitter) followers.

He shared a chart on Friday showing SOL breaking out of a descending wedge on the daily timeframe – a bullish setup.

If history is any guide, the height of that wedge aligns with the $250 level, which is exactly where he’s put his target.

That’s nearly double from here, but SOL is well known for its aggressive price action.

Plus, the Crypto Fear & Greed Index has ticked up to 39, so sentiment is beginning to shift out of panic mode – perfect fuel for a Solana rally.

Whale Buys and Ecosystem Upgrades Boost Solana’s 2025 Outlook

The rest of 2025 looks bright for Solana.

There’s huge whale interest: just 11 days ago, Lookonchain flagged a single address scooping up another 32,000 SOL (about $3.7 million) after a six-month pause.

That’s the same whale who three years ago bought in at $216 and held through the sub-$10 dip.

Meanwhile, the Solana network itself continues to perform well.

Total value locked (TVL) in DeFi protocols has grown to $7.3 billion – a 13% increase in just one week – indicating that fresh capital is flowing into Solana’s ecosystem.

On the institutional front, Canada’s first spot SOL ETF has just launched, with U.S. approvals reportedly in the pipeline.

Upcoming upgrades like Firedancer, along with payment tie-ins to Visa and Shopify, also provide real-world utility, driving demand for SOL.

And with Bitcoin trending back toward the $90,000 mark, Solana could be preparing for its next rally.

That means @ChristiaanDeFi’s prediction might not be so far-fetched.

Solaxy Presale Gains Traction as Whales Invest In New Solana Layer-2 Solution

But crypto whales aren’t just interested in Solana.

Etherscan data shows that 24 hours ago, a single address purchased 11.1 million Solaxy (SOLX) tokens – an investment of $18,800 based on the current presale price.

That kind of move tells you there’s serious interest in this Layer-2 scaling solution built on Solana.

Solaxy takes the heavy lifting from Solana’s mainnet, bundles some transactions off-chain, and then settles them in batches.

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That means users get near-instant speeds and low fees without compromising security.

On top of that, Solaxy’s multi-chain bridge taps into Ethereum’s liquidity.

Thanks to this bridge, developers and traders get the best of both worlds: Solana’s throughput plus Ethereum’s network effects.

SOLX is the token that powers all of this, used to pay fees, vote on governance proposals, and stake for yield.

As Solana continues to push higher toward analyst targets, Solaxy stands to benefit.

YouTube video

More activity on Solana means increased demand for a smoother Layer-2, and with over $30 million already raised, Solaxy could capitalize on this trend.

YouTuber ClayBro thinks so – predicting SOLX could 10x after launch.

And he’s not alone in his optimism; the experts over at 99Bitcoins have also praised Solaxy and its setup.

Although it’s still in presale, this new Layer-2 project could be the dark horse that outperforms expectations.

Visit Solaxy Presale

Ethereum Gains Strength with Whale Buys, Bullish Signals Point to $2K

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Ethereum is showing strong signs of recovery, adding momentum just as the broader crypto market watches Bitcoin exceed the $87,000 mark. Over the past day, its price climbed by 3.41%, pushing it to $1,626 and drawing increased attention from investors.

ETH 1D graph coinmarketcap 29
Source: CoinMarketCap

In a sharp signal of renewed interest, Ethereum derivatives saw a 2.52% rise in open interest, now totaling $18.82 billion. Alongside that, funding rates flipped positive, adding another layer of optimism among market participants.

Over a recent four-hour window, long positions on Ethereum derivatives jumped to 52.49%, shifting the long-to-short ratio to 1.104. This growing preference for long trades signals increased confidence in Ethereum’s price direction.

ETH 2
Source: Coinglass

Bullish Signal Sparks Ethereum Optimism

Ali Martinez, a well-followed crypto analyst, pointed out that the Ethereum’s TD Sequential Indicator is flashing a buy signal, hinting at a bullish reversal. His suggestion aligns with a wider belief that the cryptocurrency could be in the early stages of a larger recovery this week.

ETH 18
Source: Ali_Charts

This view is further reinforced by activity among large holders. LookonChain recently noted that a whale picked up 1,897 ETH, valued at approximately $3 million. Earlier in April, the same whale had pulled 3,844 ETH from Bitget, a transaction valued at $6.5 million.

Another whale made a larger move, buying 6,528 ETH worth $10.69 million, raising the total holdings to 6,624 ETH valued at $10.83 million. These quiet but large acquisitions reflect long-term confidence in Ether.

Bulls Target $2K April Run

Meanwhile, Trader Ted Pillow observed that Ether has finally broken out of a downtrend channel it had been stuck in since February 2025. He noted, “If Ethereum manages to hold the $1.6K level, it could rally towards $2K in April,” giving hope to those waiting for a stronger push upward.

ETH 19
Source: Ted Pillows

Another respected trader, known as mister crypto, shared his stance on social media, declaring Ethereum “extremely undervalued.” He warned that “not being allocated here would be a mistake,” adding that it is “about to rally!”

Merlijn, a popular figure among crypto traders, echoed a similar view on X. He wrote that ETH is “about to launch” and emphasized that ignoring this accumulation phase could be “the biggest mistake of 2025.”

As of now, Ethereum is testing its middle Bollinger Band near $1,631. If Ethereum breaks out above this point and targets the upper band around $1,826, that would signal a stronger uptrend. If the price falters, the lower band near $1,436 could provide the next support level.

ETHUSD 2025 04 21 18 25 50
Source: CoinMarketCap

Related Readings | What’s Next for Bitcoin After Surging Past $87K? Watch This Range

Pepe Price Prediction: Top Whales Are Accumulating PEPE & RTX As Ethereum Season Nears

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Pepe price prediction is showing signs of a recovery after a prolonged period of bearish momentum. As a result, many investors are heading towards Pepe and Remittix in search of huge gains. 

Remittix’s original approach to cross-border borrowing is creating ripples in the meantime. Some analysts believe RTX will see a significant increase soon. Read on to learn more. 

PEPE Price Prediction: PEPE’s Price Set To Rally 

Early 2025 Pepe price prediction took front stage as, at its best, its price turned out to be $0.0000091. The weakening market has not affected the strong belief of certain PEPE whales. Anticipating a market comeback at some time, the large PEPE whale group endorsing the token over years shows no sign of token sales.

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Among the investors, several alternate forecasts abound. Though negative signs dominate positive technical signals, CoinCodex presents an optimistic Pepe price prediction which forecasts a possible gain to $0.00002489 by the end of April. Wallet Investor also offers a negative assessment of Pepe price prediction by projecting that by the end of the current month prices might reach $0.000000391.

First quarter whale investors raised PEPE token holdings from 337.75 trillion to 350.16 trillion, according figures from IntoThe Block. Technical studies by Jonathan Carter have also revealed a descending channel on PEPE daily charts implying a 150% price shift should the token exceed its 50-day moving average.

Remittix Is Set For Higher Prices 

By way of its innovative solution for traditional remittance systems, Remittix aims to solve long-standing problems in international finance. Imagine being able to quickly convert cryptocurrencies into spendable money free of sting and without KYC constraints. 

Remittix’s PayFi ecosystem provides users with an easy approach to quickly convert cryptocurrencies into fiat money, therefore enabling quick borderless money transfers at lowest cost. The platform provides actual value by facilitating flawless, virtually immediate crypto-to- fiat swaps, unlike many projects driven only by hype. 

Supporting over 40 crypto pairings and more than 30 fiat currencies, Remittix not only simplifies global payments but also reduces the barrier between the digital asset ecosystem and traditional financial institutions. 

Remittix is opening the path for a new age of blockchain usefulness with a committed strategy, strong security and compliance policies, and an eye on financial inclusivity. 

Why Remittix Could Beat PEPE in 2025

The RTX currency has a good investing potential at $0.0757 pre-sale. Forecasts suggest considerable rise; demand for unique cross-border payment solutions is generating a 25x multiplier in the presale period and over 1,500% growth post launch. 

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Solana (SOL) Bullish Momentum Accelerates as Whale Activity and On-Chain Metrics Surge

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  • Solana breaks out of consolidation, approaching key resistance at $145 with over 40% monthly gains, signaling renewed bullish momentum.
  • Whale and institutional activity spikes, including Galaxy Digital’s $79M stake, highlighting long-term confidence in the network.
  • Traders remain cautious, with mixed signals in derivatives markets and a focus on whether SOL can decisively close above $145 for a push toward $180.

Solana’s [SOL] market momentum is experiencing an exciting acceleration, driven by impressive on-chain activity, growing staking interest, and the involvement of deep-pocketed whales. The layer-1 blockchain’s recent surge signals a promising future, with market sentiment shifting toward the bullish side.

As of the latest data, SOL is trading at $140.97, marking a notable 1.52% gain in a single day. It continues the token’s upward trajectory, pushing its monthly growth beyond a robust 40%, signaling strong momentum from both retail and institutional investors.

SOL 1D graph coinmarketcap 3

After a period of consolidation within a descending channel, Solana has successfully broken free, with the price now hovering just below a critical resistance zone between $138 and $145. This price range, historically acting as a major supply zone, has now become the battleground for bulls aiming to turn it into solid support. A successful conversion of this resistance into support would represent a major shift in sentiment and could set the stage for further price appreciation.

The breakout pattern seen in recent trading is indicative of a potential reversal, as SOL has consistently printed higher lows alongside increasing trading volume. However, confirmation of this bullish reversal requires a decisive daily close above $145, which could catalyze a rally toward the next significant resistance level at $180. With past rejections at this price point in mind, the current retest is crucial in determining whether Solana can maintain its upward trajectory in the short term.

image 191

Galaxy Backs Solana with $79M Move

Beyond technical price action, large institutional movements suggest a shift in market sentiment. Galaxy Digital, a key player in the blockchain space, withdrew a massive 606,000 SOL tokens valued at $79.7 million from exchanges and staked 462,000 SOL ($60 million). This move is a clear signal of long-term confidence in Solana, further bolstered by other institutional activities.

The network’s metrics also support a bullish outlook. Solana has recorded 29 million active addresses, representing a 17% increase, alongside 374 million total transactions, surpassing other blockchain networks combined.

The surge in decentralized exchange (DEX) volumes, now averaging $2.27 billion per day, has even surpassed Ethereum [ETH], while transaction fees have risen 42%, hitting $7.67 million. This growth reflects not only an increase in user adoption but also enhanced utility across Solana’s decentralized finance (DeFi) and non-fungible token (NFT) ecosystems.

Despite the optimism in the spot market, derivatives data reveals that traders are exercising caution. Open interest surged 10.71% to $5.57 billion, and options volume skyrocketed 164.97% to $2.55 million, indicating growing interest in directional trades. However, total trading volume fell 31.89%, and options open interest declined 15.20%, suggesting that traders are waiting for more confirmation before making aggressive moves.

image 193

Solana Eyes Breakout Above $145

The $145 resistance level remains the critical point of focus for Solana’s short-term future. While the recent price action has been bullish, with significant liquidations in the short market (short liquidations totaled $5.57 million compared to just $81.9K in long positions), the hesitance from traders is evident. Funding rates have remained neutral to slightly negative, indicating that while prices are rising, many are still hesitant to fully commit to long positions.

image 193 1

Moreover, Solana’s current price action reflects a market on the brink of a potential breakout. With strong technical indicators, institutional confidence, and an expanding ecosystem, SOL is poised to make significant gains provided it can overcome the $145 resistance level.

Traders are closely watching for a clear break above this zone, which could set the stage for a swift move toward the next target at $180. Until then, the market remains in a delicate balancing act, with bulls looking for confirmation to assert their dominance shortly.

Related | Arbitrum Price Analysis: Bullish Setup Points to Rally Toward $0.85 

180 Million ADA Sold in 5 Days—Are Whales Losing Faith in Cardano?

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  • Retail investors are excited about ADA’s recovery; however, whales are taking advantage of it, having sold off 180 million tokens over five days to take profits.
  • Cardano’s price rebounded from early-week lows, reaching above $0.63 after a bounce off strong support at $0.594.
  • The coin is bullish if it stays above $0.60, but a fall below $0.50 indicates a deeper downtrend.

Recently, a pool of large Cardano holders (whales) sold about 180 million ADA tokens in just 5 days, as a slight upswing in the price of ADA took place. This was noted by crypto analyst Ali (@ali_charts), who believes that the selloff was simply due to the whales taking profit.

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As shown in the chart he posted, there was a small upward price movement during the week, along with a decline in whale holdings. At press time, ADA’s price has increased by 1.6% in the last 24 hours, trading at $0.627. 

The recovery has been slight, but it nearly erased the losses Cardano‘s native token recorded over the previous week. Before ADA began to recover, it faced selling pressure at the start of the week because of wider economic concerns in the global economy. 

Therefore, the price collapsed for three consecutive days. However, buyers stepped in at the $0.594 mark, a level of solid support, coinciding with a rise in ADA’s price.

Cardano Holds Firm at $0.60 Amid Whale Sell-Off

Still, opportunities to buy ADA remain as long as the price is staying above the $0.60 mark. This means buyers are defending this level and not allowing the price to fall further. 

An additional buying pressure could bring the coin’s price above $0.63. The next target for ADA’s price is the one corresponding to the 50-day Simple Moving Average, which is currently around $0.70. 

If ADA can break above this level, it could continue its rise towards $0.83. However, should ADA break the support level below $0.59, the price may decline to the next support level at $0.50. 

If $0.50 is breached towards the downside, it would indicate that the recent upward momentum is ending and further decline is likely. If that is the case, the next level where ADA could find some support could be around $0.40.