Cardano Whales Accumulate 240 Million ADA, Eyeing Potential Price Surge to $0.85
Cardano (ADA) has been struggling to gain strong bullish momentum, but large investors are quietly positioning themselves for a potential rally. Despite ongoing market fluctuations, whale accumulation is providing crucial support, keeping ADA on a steady upward trajectory.
Whales Show Confidence in Cardano’s Future
Over the past week, Cardano whale addresses—holding between 100 million and 1 billion ADA—have added more than 240 million ADA to their portfolios. This accumulation, valued at over $175 million, signals strong confidence among institutional and large-scale investors. Their sustained buying suggests they anticipate a recovery and are positioning for potential gains.
This buying trend indicates that whales see ADA as a long-term investment. Their reluctance to sell, even in the face of market uncertainty, strengthens Cardano’s price stability and could provide the necessary momentum for a breakthrough.
Long-Term Holders Reinforce Stability
Adding to the positive sentiment, Cardano’s Mean Coin Age—a metric tracking how long coins remain in wallets—has been steadily increasing. This signals that long-term holders (LTHs) are holding onto their ADA rather than selling. Such behavior reflects growing trust in Cardano’s future performance, reducing the risk of sharp price declines.
The increase in Mean Coin Age suggests that investors believe ADA will appreciate in value over time. With fewer tokens being moved or sold, selling pressure remains low, allowing the asset to gradually build momentum.
Cardano’s Price Action: Key Levels to Watch
Currently, Cardano is up by 6% over the last 24 hours. However, despite this gain, it has yet to break through the crucial $0.77 resistance level. A decisive move above this mark would confirm a recovery rally, potentially pushing ADA toward the highly anticipated $0.85 target.
If ADA successfully clears this resistance, it could pave the way for further price appreciation. On the flip side, if it fails to break past $0.77, Cardano is likely to consolidate above $0.70. In a bearish scenario, prolonged consolidation could expose ADA to a dip toward $0.62, delaying its recovery.
Cardano’s recent whale accumulation, combined with long-term holder confidence, suggests a strong foundation for potential growth. While the $0.77 resistance level remains a key hurdle, sustained investor support could propel ADA toward $0.85 in the coming weeks. As market sentiment evolves, all eyes remain on whether Cardano can leverage this momentum for a sustained breakout.