Cardano Primed for $1 Surge as Whale Wallets Go All-In
Cardano's ADA isn't just knocking on $1's door—it's kicking it down. On-chain data reveals crypto whales are loading their bags like there's no tomorrow.
Whale Watch: Big Money Bets Big
Top wallets keep accumulating ADA despite the 'crypto winter' narrative. Either they know something we don't, or this is the most coordinated display of hopium since the last bull run. (Spoiler: Wall Street still doesn't get it.)
The Technical Take: Breaking Out or Breaking Hearts?
The $1 resistance level isn't just psychological—it's the make-or-break moment for ADA's 2025 trajectory. Chartists are seeing textbook accumulation patterns, but let's be real: in crypto, 'textbook' usually means 'about to get rewritten.'
One hedge fund manager was overheard saying 'It's different this time'—famous last words before every market correction. Meanwhile, the rest of us are just watching those wallet balances grow.
Whale Wallets Keep Accumulating Steadily
The 1 million –10 million ADA wallet group, often categorized as whales, has steadily increased its holdings from ~33% in January to 36.15% in mid-July. Despite ADA’s sharp rally in March, this cohort hasn’t trimmed exposure. This signals that top holders expect further upside.
Whale wallets are large ADA holders who typically hold between 1 million and 10 million coins. Their behavior often influences market direction.
No Major Exits Yet as Spend Coins Age Remains Low
The Spent Coins Age metric spiked briefly in mid-June but has dropped back to lower levels. That means older ADA coins aren’t being sold. And most long-term holders appear to be sitting tight; a classic bullish signal during uptrends.
Also, the major spike in Spent Coins Age metric, around mid-June and also early-April, didn’t align with major price spikes. This shows that the selling trends associated with older wallets are not exactly profit-inspired. This might be a good sign in an uptrending market, meaning there aren’t many rally-restricting elements in play.
Spent Coins Age measures how long coins sit before being moved. A lower value suggests reduced selling pressure from older wallets.
Cardano Price Approaches Critical Resistance
The Cardano price is currently trading at $0.73, marginally above the 0.618 Fibonacci level ($0.7287) and heading toward the dual resistance zone:
- Strong horizontal level at $0.77
- 0.786 Fibonacci at $0.78
If ADA price breaks both, there’s little friction until $0.86, and from there, the 1.618 Fibonacci extension targets $1.08, representing a ~46% potential upside from current levels.
The Fibonacci extension is drawn from the $0.51 swing low to $0.86 high, with retracement confirming support NEAR $0.50, a textbook impulse wave.
With whales accumulating, no signs of mass exits, and a clean price structure, Cardano’s rally toward $1.08 looks increasingly probable. However, a dip under $0.72 followed by the retest of the key support level ($0.68 or .5 Fib level) could invalidate the bullish take.
