- Whales are accumulating: Large investors bought over 240 million ADA in a week, signaling strong confidence in Cardano’s long-term value.
- Long-term holders are steady: An increase in Mean Coin Age shows investors are holding onto ADA, suggesting belief in a future price rebound.
- Resistance at $0.77 remains key: Despite recent gains, ADA must break above $0.77 to spark a rally toward $0.85—or risk sliding back toward $0.62.
Cardano (ADA) hasn’t exactly been exploding lately… not gonna lie. The bullish energy? It’s been kind of muted. But even so, the altcoin is quietly keeping itself in a micro-uptrend—just inching along—thanks to some diamond-handed holders who aren’t letting go.
And hey, those strong hands? They might just be what ADA needs to finally push higher, maybe even touch that elusive $0.85 mark.
Big Fish Are Accumulating
So here’s the thing: whales are making moves again. Yep, those big-money addresses holding between 100M and 1B ADA have been snatching up more coins—over 240 million ADA in just a week. That’s roughly $175 million if you’re doing the math.
And why would they buy so much at these prices if they weren’t seeing something on the horizon? This kind of activity screams one thing—they’re gearing up for a rebound. They’re not waiting for confirmation. They’re betting early.
Long-Term Holders Still HODLing
Another good sign? The Mean Coin Age (basically how long coins sit still in wallets) has been steadily climbing. What does that mean? Simple: nobody’s selling. Or at least, not the OGs. These long-term holders are chilling through the chop, clearly unfazed by the current market gloom.
That kind of confidence isn’t something you see every day. And let’s be honest, when the people who’ve been around the longest aren’t panicking, that usually means something.
So What’s Up With the Price?
Even with a lil’ 6% pump over the past 24 hours, ADA is still banging its head against that stubborn $0.77 resistance. It’s like trying to open a jar that just won’t twist loose.
If—and it’s a big if—Cardano manages to crack that $0.77 wall, the next stop could be around $0.85. And from there? Well, things could finally start looking like a real recovery.
But here’s the flip side: if it can’t break above that level, then we’re probably stuck hovering above $0.70 for a while longer. Worst case? It dips to $0.62, dragging this sideways slog out even more.
