- Whales holding 10M–100M ADA accumulated 160M tokens as funding rates turned positive.
- Technicals show a falling wedge breakout, with ADA targeting resistance near $0.49 if momentum continues.
- A breakdown could push price back toward the $0.37 support zone.
Cardano has been drifting around the $0.43 area on Tuesday, settling a bit after a nearly 4% push the day before. It’s not a dramatic surge, but the calmness feels loaded, almost like the market’s leaning into a slow shift. With more holders quietly accumulating and derivatives starting to flash greener signals, ADA looks like it’s lining itself up for a possible move into its next resistance zone — if the momentum actually sticks this time.
Whales Start Accumulating Again as Funding Turns Positive
Santiment’s latest Supply Distribution data is basically showing a tale of two whale groups. Wallets holding between 10 million and 100 million ADA have scooped up about 160 million tokens since Dec. 2 — a pretty strong sign of conviction from the bigger players. Meanwhile, wallets in the 1 million to 10 million range dropped around 90 million ADA, which almost looks like capitulation, like they panicked while the bigger guys took advantage of the discount.
At the same time, Coinglass’ OI-Weighted Funding Rate flipped positive on Monday and is sitting near 0.0074%. That means long traders are paying shorts, signaling more people are betting on upside rather than further decline. Historically, whenever funding switches from negative to positive, ADA tends to make sharper upward moves — not every time, but it’s a pattern you don’t ignore if you’ve been around this market awhile.
CryptoQuant’s data also leans bullish: whale orders showing up in both spot and futures markets, cooling market conditions, and buy pressure starting to outweigh selling. It’s not explosive yet, but it’s the kind of under-the-surface setup that often leads to a decent rally if momentum doesn’t fade.
Cardano Technical Outlook: Wedge Breakout Still in Play
Cardano actually broke out of a falling wedge pattern on Dec. 3 — a bullish structure formed by converging trendlines from repeated highs and lows. But after the breakout, ADA kinda lost steam and pulled back, landing on support near the upper trendline. Monday’s 3.71% move shows it’s trying to re-establish itself, hovering around $0.43 as of Tuesday.
If ADA keeps grinding upward, the next major resistance sits near $0.49. That’s the zone traders will likely watch first. The daily RSI is at 43 and pointing upward toward the neutral 50 level, hinting that bearish pressure is fading. For momentum to actually break out in a meaningful way, RSI needs to climb above that neutral mark. MACD gave a bullish crossover last week and hasn’t flipped back, so that supports the upside case a little more.
On the flip side, if ADA slips again and the rally fizzles out, price could revisit the Dec. 1 low around $0.37. That’s the spot where things get a bit shakier.
