Cardano ADA News: Whale Accumulation Pushes Price Volatility

Recent market activity for Cardano’s native token, ADA, has been characterized by significant whale accumulation, impacting its price and creating volatility in the market.

Cardano Whales Accumulate 190M ADA in a Day, Impacting Price

Cardano whales have significantly increased their holdings of ADA, with a substantial purchase of 190 million tokens in a single day. This whale activity has occurred after a period of slight gains for Cardano, with its price fluctuating between $0.65 and $0.75 for the last ten days. Specifically, whales made significant purchases from March 16th to 19th, 2025, pushing the price to a high of $0.779 before it fell back to $0.669. As of press time, whales had purchased an additional 50 million ADA within two days, consolidating the price. Following a slight rise to $0.716, whales executed aggressive buying activity totaling 190 million ADA, raising the price to $0.78. This synchronized buying activity suggests deep whale confidence in Cardano, powering its price rise.

Cardano (ADA) Trading Volume Surges To $1 Billion In 24 Hours

The trading volume of Cardano (ADA) has surged to $1 billion in 24 hours. This increase in activity comes as ADA consolidates, with technical indicators signaling indecision in the market. The ADX, which measures trend strength, is currently at 16.49, suggesting no significant shift in momentum and a lack of a clear directional trend.ADA’s price is caught in a consolidation phase, with neither buyers nor sellers dominant.

Cardano Price Holds Above Key Support Level – Potential Buy Opportunity?

The Cardano (ADA) price has been holding above its 200DMA, a key support level for the past 6 weeks. Traders are considering whether now might be a good time to buy. Historically, buying ADA at its 200DMA has proven to be a profitable short-term trading strategy, with the price rallying 50% in 10 days after testing this level in early February and 80% in early March after falling back to it in late February. However, traders should note that the current crypto market situation is different from a few weeks ago, when Trump’s announcement that Cardano would be included in a strategic US crypto reserve was the catalyst for a significant price rally.

Cardano Price Declines Alongside Decrease in Volume

Cardano (ADA) price drops to $0.7132, marking a 2.30% decline in the last 24 hours. The daily trade volume also dropped by 27.34%. This decline in both price and volume signals a possible trend reversal, likely due to a loss of interest from market participants amidst recent developments and macroeconomic factors. Despite this, Cardano gained 0.40% in the last 7 days with a total market capitalization of $25,130,983,984.