Cardano (ADA) Surges as Whales Pile In: Golden Cross Signals Major Breakout Ahead

Whales are gobbling up ADA—and the charts are flashing their most bullish signal in months. Here's why Cardano's gearing up for a potential price explosion.

The Whale Feeding Frenzy

Big money players are accumulating Cardano at levels not seen since the last bull run. When these deep-pocketed investors move, retail traders usually follow—whether they understand the tech or not.

Golden Cross: The Bullish Omen

The 50-day MA just sliced through the 200-day like a hot knife through institutional resistance. Technical analysts are calling it: history says this pattern precedes major rallies (though past performance guarantees nothing—this isn't financial advice, just ask the SEC).

The Cynic's Corner

Of course, Wall Street's still calling crypto a 'speculative asset' while quietly hoarding ADA wallets. Nothing speculative about those fat stacks, huh?

TLDR

• Cardano achieved its first-ever weekly golden cross with the 50-week moving average crossing above the 200-week line
• Large holders accumulated 120 million ADA tokens over the past two weeks, now controlling $3.3 billion worth
• Exchange outflows show more ADA being withdrawn than deposited, indicating long-term holding behavior
• Funding rates remain negative across major platforms, setting up potential short squeeze conditions
• Trading volume reached $381 billion over 12 months despite sideways price action

Cardano price has been trading sideways near $0.58 for much of July. The cryptocurrency has dropped 12% over the past month. Despite this lackluster performance, several indicators suggest a potential reversal may be building.

The most striking development is ADA’s first-ever weekly golden cross. This technical pattern occurs when the 50-week moving average crosses above the 200-week moving average. Analyst Mr. Brownstone identified this rare formation on the ADA/USD chart.

Anyone else notice that Cardano just had it's first Weekly Golden Cross ever? 📈🚀 pic.twitter.com/d7gvWQfN1Z

— Mr Brownstone (@GunsRoses1987) July 9, 2025

Golden crosses are typically viewed as bullish signals. They indicate that shorter-term momentum is gaining strength over longer-term trends. However, ADA still trades below both its 50-day moving average at $0.66 and 200-day moving average at $0.64.

Large holders have been accumulating during the recent price weakness. Whale addresses holding between 1 million and 10 million ADA bought 120 million tokens over two weeks. These addresses now control approximately 5.5 billion ADA worth $3.3 billion at current prices.

Funding Rates Signal Short Squeeze Potential

Funding rates across major exchanges remain neutral to negative. This means short sellers are paying interest to maintain bearish positions. Negative funding rates often indicate market disbelief and can fuel short squeezes if momentum shifts upward.

Exchange netflow data shows consistent outflows from trading platforms. More ADA is being withdrawn than deposited, suggesting holders are moving tokens to long-term storage. This behavior typically occurs during stealth accumulation phases.

The ADA holder base continues expanding despite price stagnation. Wallet data shows the number of unique addresses reached 4.5 million, a new yearly high. This growth occurred even as ADA declined from $0.90 to current levels NEAR $0.58.

Trading volume remains robust at $381 billion over 12 months according to TapTools. This figure puts cardano among the most traded cryptocurrencies globally. High volume suggests persistent institutional and trader interest despite sideways price action.

Technical Levels and Market Structure

ADA price remains trapped within a descending triangle pattern. Resistance sits near $0.612 while support holds at $0.537. The pattern typically resolves to the downside, but ADA has not broken lower yet.

On-Balance Volume (OBV) shows a bullish divergence. While price has remained flat, OBV has been rising slightly. This suggests buying volume is entering without immediately pushing price higher.

The current price of $0.60 sits below key moving averages. Analysts suggest ADA needs to reclaim its 34-period EMA and 200-day moving average before establishing an uptrend. A close above $0.64 could attract new buyers.

Technical indicators currently lean bearish according to CoinCodex. The Fear & Greed Index sits at 59, indicating neutral sentiment. Cardano has posted gains on 14 of the last 30 trading days with volatility around 7.54%.

Price predictions vary widely among analysts. Some expect ADA to reach $1.33 while others target $10 during this cycle. CoinCodex forecasts a 25% rise to $0.74 by August 8, 2025.

ADA’s market capitalization currently stands at $21.4 billion. The cryptocurrency needs to clear immediate resistance levels to confirm the bullish weekly signal.