Cardano Whales Go on 80M ADA Buying Spree – Signals Big Moves Ahead?
Whale alert: Cardano’s deep-pocketed investors just shoveled 80 million ADA ($40M+) into their wallets in two days. That’s enough to make even a Wall Street hedge fund manager blink—if they understood blockchain, that is.
Why it matters: When whales move, markets ripple. This surge in accumulation could signal institutional positioning or a prelude to volatility. Either way, retail traders are now stuck playing the ’are they accumulating or just reorganizing?’ guessing game.
The cynical take: Of course this happens right after the ’ADA is dead’ crowd finished their victory laps. Crypto never lets narrative consistency get in the way of a good pump.
Whale Accumulation Signals Strength: Buyers Push For A Breakout
Despite this impressive rebound, ADA remains 43% below its December 2024 highs around $1.32. This gap highlights the cautious Optimism that dominates the altcoin landscape. While bulls are gradually regaining control, overall market fear and macroeconomic uncertainty continue to pressure altcoins, many of which are still struggling to push through key resistance levels.
ADA is currently consolidating just above the $0.74 level, forming a base that could precede a breakout. Market structure is tightening, and the next move—upward or downward- will likely be sharp. A decisive push above $0.90 WOULD confirm a breakout and likely trigger renewed interest from retail and institutional investors.
Fueling this narrative is fresh data from top analyst Ali Martinez, who reported that whales have purchased over 80 million ADA in the last 48 hours. This large-scale accumulation points to increasing confidence among big players and could act as a catalyst for further upside. Whale activity often precedes strong price action, and this development supports the idea that ADA may be on the verge of a significant move.
As ADA consolidates NEAR critical support and whale interest grows, market watchers are closely monitoring for signs of continuation. If bulls maintain momentum and break past resistance, Cardano could quickly shift from a consolidation phase to a full-scale rally, potentially reigniting momentum across the altcoin sector.
Cardano Holds Crucial Support As Bulls Aim For Recovery
Cardano is currently trading around $0.74, testing a key support zone after failing to hold above the $0.80 mark. The chart shows a strong surge earlier in May that brought ADA to local highs near $0.90, but since then, the price has retraced and is now consolidating just above its 200-day EMA (around $0.71). This level is acting as dynamic support and could be critical for the next move.
The price structure suggests ADA is in a decisive phase. A breakdown below the EMA and the horizontal support around $0.72 could expose the token to a deeper retracement toward previous consolidation zones. On the other hand, reclaiming $0.80 would invalidate the bearish scenario and signal a potential push toward $0.90 and eventually $1.00—an area that marks strong historical resistance.
Volume has declined slightly during the recent pullback, suggesting the retracement may be driven more by profit-taking than panic selling. The 200 SMA above at $0.80 remains a key target to watch for bullish continuation.
If bulls can defend current levels and generate renewed buying momentum, ADA could resume its upward trend and break the current range, setting the stage for a retest of major resistance levels in the weeks ahead.
Featured image from Dall-E, chart from TradingView
