Cardano ADA Whales Show Strong Confidence Amid Bearish Signals

Despite bearish technical indicators on the daily charts for ADA/USDT, Cardano (ADA) is witnessing significant accumulation by large investors, with 83% of whale positions being bullish. This institutional confidence is further underscored by over 94% of Leveraged capital ($3.1 million) backing long positions, even as ADA’s current price stands at 0.68190000 USDT. The divergence between whale activity and technical signals suggests a potential bullish reversal or strong underlying confidence in ADA’s long-term prospects.

ADA Whales Accumulate Long Positions Despite Bearish Technical Signals

Cardano (ADA) is experiencing a divergence between whale activity and technical indicators. Large investors are aggressively accumulating long positions, with Hyperliquid Whale Tracker showing 83% of ADA whale positions are bullish. This comes despite daily chart analysis revealing a bearish price structure for ADA/USDT.

The whale positioning suggests institutional confidence, with over 94% of leveraged capital ($3.11 million) allocated to long positions. This accumulation pattern typically precedes price movements, as whales often act on non-public network development insights. The current $10.32 million in tracked positions shows just $1.74 million in short exposure.

Technical analysts warn of potential downside, though some note the possibility of a minor correction before any upward movement. The market appears to be testing whether whale conviction can override bearish chart patterns.

Cardano (ADA) Strong Support Zone at $0.60 Sets Up $1.20 Target

Cardano’s ADA has found stability within a critical long-term support zone between $0.60 and $0.40, a range historically favored by institutional investors for accumulation. The digital asset currently trades around $0.68, maintaining its position within an ascending channel that has guided its price action since 2018.

Market structure suggests continued bullish momentum, with the next significant resistance looming between $1 and $1.20. A decisive breakout above this level could catalyze a substantial rally, potentially propelling ADA toward the $5–$10 range.

The current consolidation phase mirrors previous accumulation periods that preceded major upward movements. Chart analysis reveals strong buying interest at these levels, indicating smart money positioning for the next leg up.

Cardano Whales Capitulate as ADA Price Breaks Key Support Levels

Cardano’s market structure shows signs of deterioration as large holders accelerate selling pressure. ADA price has declined for five consecutive days, touching $0.65—a level unseen since early May—representing a 21% monthly drop and 50% retracement from November 2024 highs.

On-chain metrics reveal concerning trends: the ADA holder count contracted to 4.49 million from May’s peak of 4.55 million, while whale wallets holding 100M-1B coins reduced their positions by 11% since April. The profitably held supply dwindled to 22.69 billion tokens from 27 billion during the same period.

Once considered Ethereum’s prime competitor, Cardano now trails rivals in ecosystem metrics. Its DeFi TVL sits at $391 million, overshadowed by Unichain’s $702 million, while DEX volumes remain stagnant at $4 billion—a shadow of its former ambitions.

Cardano Founder Clashes with Optim Finance Over Alleged Smear Campaign

Tensions within the cardano ecosystem escalated after founder Charles Hoskinson accused DeFi platform Optim Finance of orchestrating a campaign to undermine both the network and his personal reputation. The dispute stems from unverified claims circulated by NFT artist Masator Alexander, alleging Hoskinson inserted hidden code during Cardano’s 2021 Allegra upgrade to divert unclaimed ICO funds.

Hoskinson vehemently denied the allegations, citing absence of formal complaints or investigations. An internal audit was initiated to refute the claims, while Optim Finance acknowledged procedural missteps in its decentralized governance. Market reaction was immediate: Optim’s token plunged 27%, while ADA saw marginal declines.