The surge in large transactions on the Cardano (ADA) blockchain, totaling 25 billion ADA within a 24-hour period, has prompted a closer examination of on-chain metrics and their potential impact on ADA's future, as reported by U.Today. This increase in on-chain activity, often associated with significant movements by whales or institutional players, suggests preparations for forthcoming market developments, whether bullish or bearish.

ADA's price chart reflects this tension, with signs of recovery following a period of decline, currently hovering around the 50-day EMA at approximately $0.5. The focus lies on whether ADA can muster the momentum to surpass this critical EMA level. A successful breach could lead to the next resistance around $0.55, aligning with the heightened on-chain activity. Conversely, failure to surpass the 50 EMA might prompt a retest of support near $0.49, a recent low that could serve as a launching pad for another upward attempt.

The future trajectory of ADA hinges on the interplay between on-chain activity and market buying momentum. However, the market is currently in a pause, potentially before another upward movement. Decreased liquidity and volatility as the weekend approaches could precipitate a significant price drop.