- Whale investors absorbed 180M ADA in 48 hours, signaling growing bullish conviction.
- ADA faces resistance near $0.98, with strong support forming around the $0.80 level.
- Analysts highlight potential breakout path with upside targets at $2.68, $5, and $10.
Cardano (ADA) is seeing a major surge in accumulation from large investors, creating a powerful wave of optimism for its next major move. Whales have absorbed an estimated 180 million ADA tokens in the past 48 hours alone, a clear sign of rising confidence in the asset.
This activity builds on a broader trend, with data showing roughly 150 million ADA, worth around $130 million, accumulated over the last two weeks. This kind of sustained buying pressure from deep-pocketed investors shows they are taking positions ahead of a potential price expansion.
Whales Place a 180M Spot Bet on ADA
According to analyst Ali Martinez, wallets holding between one and ten million ADA have been steadily adding to their positions, a strong signal of institutional and high-net-worth involvement. This buying has provided the fuel for ADA’s recent rally and has now set the stage for a major battle.
With the price now hovering around $0.915, the key resistance remains the Cardano Approaches Breakout as the $1 Resistance Faces a Critical Test. Traders are watching to see if this continued whale buying can provide the momentum needed to finally push through that barrier.
This conviction from long-term players is crucial, as it shows that despite short-term volatility, smart money continues to lean bullish on Cardano’s trajectory.
Technical Structure Aligns with Bullish Outlook
Besides whale activity, analysts are pointing to key technical patterns that strengthen ADA’s long-term case. Crypto Patel highlights that ADA is currently testing resistance at $1.16.
The whale buying also coincides with a period where Cardano (ADA) Futures Volume Hit a Record $6.96B 5-Month High, as an Analyst Eyed a $1.10 Breakout. This convergence of both spot and futures interest shows a rare alignment between long-term holders and short-term traders, both positioning for a significant upward move.
This dual-market conviction strengthens the long-term technical case for ADA. Analyst Crypto Patel highlights that if ADA can flip its next resistance at $1.16 into support, the chart could open a clear path toward ambitious targets of $2.68, $5, and eventually $10, supported by a multi-year ascending trendline.
Moreover, ADA’s support zones at $0.73 and $0.51 provide additional downside protection, reinforcing its bullish framework. The market’s current positioning around $0.88 reflects consolidation ahead of a possible breakout, with volume trends showing healthy participation.
Market Performance and Broader Outlook
Cardano’s market dynamics further support this optimism. ADA at publication $0.9261, marking a 7.41% increase in the past 24 hours, despite a slight weekly dip of 1.44%. Its circulating supply of 36 billion tokens values the project at nearly $34 billion in market capitalization, keeping it among the largest cryptocurrencies.
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Source: https://coinedition.com/cardano-ada-dual-market-signal-whales-futures/