Cardano Defies Gravity: Whales Gobble Up ADA at Critical $0.84 Support Floor

Cardano's price just staged a textbook bounce from the $0.84 support level—a move that's got the entire crypto scene buzzing. Whale accumulation patterns suggest big money isn't just betting on a recovery; they're positioning for the next leg up.

Market Mechanics at Play

When major holders start accumulating at key levels, it typically signals confidence in the asset's fundamental value. These aren't retail investors picking up pocket change; we're talking about entities moving serious volume while the average trader panics about short-term volatility.

The Institutional Angle

Whale activity often precedes major price movements. Their ability to absorb sell pressure at support levels creates a foundation for sustainable rallies—something technical analysts watch closer than their morning coffee charts.

Of course, in crypto, even 'smart money' sometimes ends up being not-so-smart money—remember when hedge funds thought algorithmic stablecoins were actually stable?

Whales and retail bet on Cardano price to rally

One of the main drivers behind Cardano’s recent price action is significant accumulation by large investors. Recent reports indicate that whales have recently acquired roughly 100 million ADA, coinciding with the pullback to a key support level. This suggests that big players are confident the uptrend structure will continue.

100 million Cardano $ADA scooped up by whales in the last 24 hours. pic.twitter.com/nA8qNyGBkB

Retail sentiment also appears strongly bullish. Data from Hyperliquid shows that long positions on ADA exceed 79%, while short positions account for only about 20%.