Cardano Hangs at $0.72 – Whale Moves Could Trigger 50% Surge or Total Collapse

Cardano’s ADA teeters on a knife-edge—whale activity now dictates whether it rockets past $1 or gets dumped back to 2023 levels. The so-called ’Ethereum killer’ has traders sweating over every blockchain transaction.

Market manipulators or genuine bulls? Whale wallets hold the keys to ADA’s next big move. Retail investors brace for impact as big players flex their usual ’buy low, panic sell high’ strategy.

One thing’s certain: in crypto, the ’smart money’ is just gambling with better PR.

$ADA Struggling at $1: Why Cardano Hasn’t Reclaimed Its Former Glory

Since its launch in September 2017 by ethereum co-founder Charles Hoskinson, Cardano has maintained a strong position among the top 10 cryptocurrencies.

It currently boasts a market capitalization exceeding $25 billion.

However, $ADA’s inability to reclaim the $1.00 threshold, an area of psychological and technical importance for bulls, has raised concerns among traders about a potential slide into bearish territory.

Despite this, popular crypto analyst Ali Martinez remains optimistic. He suggests that $ADA holding above the $0.72 level could trigger a rebound toward $0.92 in the near term.

If the current structure on #Cardano $ADA is an ascending channel, holding above $0.72 could pave the way for an upswing toward $0.92. pic.twitter.com/vgNNfuudPd

Another analysis by Bull Spot Bear points to $ADA’s lagging performance relative to the M2 Global Liquidity Index (global money supply), implying that the token could surge by more than 50% to around $1.80 if it aligns with macro liquidity trends.

On-Chain Indicators Flash Green as Whales Accumulate Millions in $ADA

On-chain data from Santiment further supports this bullish narrative.

Recent whale activity shows that over 80 million $ADA were accumulated in a short span, following a previous 400 million ADA acquisition just two weeks prior.

This accumulation by large holders suggests growing institutional or whale-level confidence.

Trading volume has also seen an uptick. Despite $ADA’s 3.79% price drop in the past 24 hours, trading volume surged by over 54%, with more than $1.14 billion worth of $ADA changing hands, an encouraging sign of continued market engagement.

Futures market sentiment appears similarly bullish.

Derivatives data from Coinglass shows positive funding rates for $ADA/$USDT, $ADA/$USDC, and $ADA/$USD trading pairs across major platforms such as Bybit, OKX, and Binance.

A positive funding rate indicates that long traders are paying shorts, suggesting expectations of price increases.

What’s Next for $ADA? Key Resistance and Support Levels to Watch

$ADA is currently trading within a clearly defined ascending channel on the daily timeframe.

After a strong rally that saw $ADA approach the $0.90 region, the token has entered a corrective phase, now pulling back to the lower boundary of the channel around $0.72.

This level coincides with dynamic trendline support, suggesting a potential rebound zone. The 16.22% upside projection from current levels targets the $0.85–$0.87 area, which sits just beneath a major resistance band spanning from $0.88 to $0.90.

A successful breakout above that range WOULD open the door to retest the higher resistance zone between $1.095 and $1.1499, which was last visited in March and remains a psychologically major level for bulls.

The price structure also shows prior consolidation in the $0.58 to $0.66 range (highlighted in blue), which now acts as a solid demand zone should the channel support fail.

If bulls can defend the lower channel and reclaim short-term momentum, $ADA could begin a fresh leg up, targeting $0.85 first and potentially $1.10.

However, a confirmed breakdown below $0.70 would invalidate this bullish setup and may drag the price back into the previous consolidation zone.