- Whales bought 180M ADA in 48 hours, adding to a 2-week haul of 150M tokens.
- Technicals and futures activity align, with targets up to $10 if resistance breaks.
- ADA trades at $0.926 with a $34B market cap, consolidating before a possible breakout.
Cardano is catching eyes again as whales step in heavy, scooping up around 180 million ADA in just the past 48 hours. That kind of aggressive buying has sent a wave of optimism through the market, with many wondering if ADA is gearing up for its next major move. It’s not an isolated event either—data shows whales grabbed roughly 150 million ADA (about $130M) over the last two weeks. Sustained accumulation like this usually points to strong conviction from the so-called smart money.
According to analyst Ali Martinez, wallets holding between one and ten million ADA are behind much of the action, steadily adding to positions. With ADA trading just under $0.92, the pressure is now building around the $1 resistance level, a zone that has repeatedly capped rallies. Traders are watching closely to see if this whale-driven momentum will finally be enough to flip that barrier and spark a breakout. For long-term investors, it’s a reassuring sign that even amid short-term volatility, big players are still betting bullish on Cardano.
Technical Structure Backs the Bulls
It isn’t just the whales fueling optimism—the technicals are starting to align too. Analyst Crypto Patel points out that ADA is currently pressing into resistance at $1.16, while futures markets are exploding with activity. Just recently, ADA futures volume hit a five-month high of $6.96B, signaling strong speculative interest on top of the steady accumulation happening in spot markets. That rare overlap between long-term holders and short-term traders often precedes sharp moves.
If ADA manages to break and hold above $1.16, Patel suggests the chart could open a path toward much higher targets—$2.68, $5, and even $10 in a multi-year cycle. A big part of that case rests on ADA’s ascending trendline, which has held firm across multiple market swings. Strong support levels at $0.73 and $0.51 provide downside protection, adding more weight to the bullish setup. Right now, ADA is consolidating in the $0.88–$0.92 range, with volume showing healthy participation.
Market Outlook
At the time of writing, Cardano trades around $0.926, up more than 7% in the last 24 hours, even as it remains slightly down for the week. Its circulating supply of 36 billion tokens gives it a $34 billion market cap, keeping ADA among the biggest players in crypto. With whales stacking, futures heating up, and technicals flashing strength, Cardano may be closer than ever to its next breakout—though the $1 line in the sand has to fall first.
