- Ali Martinez says Cardano’s long-tracked SuperTrend indicator has flipped bullish again
- Whale wallets holding at least 1 million ADA now control a record 67.47% of supply
- Analysts are watching the $0.33 and $0.42 levels while $0.25 remains key support
Crypto analyst Ali Martinez says one of his most trusted indicators has finally flipped bullish for Cardano after months of relentless downside pressure. The signal came from the SuperTrend indicator on ADA’s daily chart, a tool Martinez says previously nailed the beginning of Cardano’s brutal 73% decline back in September 2025.
According to Martinez, the same indicator has now reversed direction, potentially signaling that the worst phase of ADA’s correction could finally be ending. Traders have been watching closely because the previous sell signal proved remarkably accurate, so naturally this new bullish crossover is drawing attention across the market.
Martinez explained that the setup suggests Cardano may have completed its local exhaustion phase, opening the door for a broader trend reversal if momentum continues building.
Analysts Watch the $0.33 and $0.42 Levels
While the signal looks encouraging, Martinez still outlined several important price levels traders need to monitor carefully. His first upside target sits near the $0.33 resistance area, which has repeatedly acted as a difficult barrier during previous recovery attempts.
If buyers manage to push through that zone and sustain momentum, Martinez believes ADA could eventually climb toward the $0.42 level. At the same time though, he warned that the bullish structure would likely fail if Cardano loses support around $0.25. That remains the critical invalidation point for the current setup.
For now, the chart structure appears cleaner than it has in months. Short-term sentiment has improved, and traders are starting to cautiously position for a possible reversal instead of another breakdown. That shift alone is pretty significant considering how weak ADA looked earlier this year.
Cardano Whales Quietly Reach Record Holdings
The technical signal also lines up with fresh on-chain data from Santiment showing aggressive accumulation among large Cardano holders. Wallets containing at least 1 million ADA now collectively hold around 25.09 billion tokens, which equals roughly 67.47% of the circulating supply.
According to Santiment, that’s the highest concentration ever recorded for this wallet group and the strongest supply share seen since July 2020. Interestingly, these whale wallets continued accumulating throughout the broader market decline, even while Cardano’s market cap lost more than 70% over the last nine months.
Santiment described the behavior as a steady accumulation phase by sharks and whales who appear comfortable adding exposure while prices remain heavily discounted. Historically, that type of activity tends to attract attention because larger holders often position early before major trend reversals fully develop.
ADA Faces a Critical Moment
Still, heavy whale concentration creates a slightly complicated setup too. On one hand, continued accumulation from major holders can reflect long-term conviction and strengthen bullish momentum. On the other hand, markets become increasingly sensitive to whatever those wallets decide to do next. If whales continue buying, momentum could accelerate fast. But if they begin distributing into rallies, volatility may spike again.
Right now though, the combination of a fresh SuperTrend buy signal and record whale holdings gives Cardano a far stronger narrative than it has had for much of this correction cycle. Whether ADA can actually push toward the $0.33 and $0.42 targets will likely depend on one thing above all else — whether buyers can defend the critical $0.25 support zone while demand continues building underneath the surface.
