Cardano ADA Eyes $0.91 as Whales Return and Bullish Signals Emerge

Cardano (ADA) is showing strong signs of a potential trend reversal as it reclaims the $0.59 support level after weeks of bearish pressure. Currently trading near $0.61, the next critical resistance lies at $0.67. A breakout above this level could propel ADA toward the $0.83–$0.91 range, according to recent market data. Spot Taker CVD data reveals sustained buying dominance over the past 90 days, with aggressive market orders executed at ask prices, indicating significant accumulation by whales. This bullish activity suggests growing confidence in ADA's upward trajectory. As of July 7, 2025, the cryptocurrency market is closely watching Cardano for further developments and potential price movements.

Cardano Whales Return as ADA Eyes $0.91 Amid Bullish Signals

Cardano (ADA) has reclaimed the $0.59 support level after weeks of bearish pressure, signaling a potential trend reversal. Trading NEAR $0.61 at press time, the next critical resistance lies at $0.67—a breakout above which could propel ADA toward the $0.83–$0.91 range.

Spot Taker CVD data reveals sustained buying dominance over the past 90 days, with aggressive market orders executed at ask prices. This accumulation suggests growing conviction among buyers, though failure to breach $0.67 may trigger renewed consolidation.

Derivatives markets support the bullish narrative, contrasting with overvaluation signals from Network Value to Transactions (NVT) metrics. Whale activity and declining short-term holder participation add complexity to ADA's technical setup.

Cardano (ADA) Tests Key Support at $0.54 Amid Market Uncertainty

Cardano's ADA lingers at a pivotal juncture, oscillating between $0.529 and $0.611 after briefly touching $0.51 in late June. The $0.54 level has emerged as a battleground, with on-chain analyst Ali highlighting it as a potential accumulation zone. A recent bounce from this support fueled a 9% rally to $0.611 on July 3 before resistance emerged.

Market dynamics show tentative optimism, with ADA gaining 2.19% alongside broader crypto recovery. Over $71 million in liquidated short positions adds fuel to bullish sentiment, though macroeconomic headwinds and Bitcoin's stagnation continue casting shadows. The 50-day SMA at $0.67 and 200-day SMA at $0.758 loom as critical upside targets should bulls regain control.

Technical patterns warn of consequences should $0.54 fail—a breakdown could complete a descending triangle, potentially triggering a cascade toward $0.40. Traders monitor the support zone with particular intensity, as its breach or defense may dictate ADA's medium-term trajectory.