- Whales accumulated over 30 million ADA during the past week.
- Daily active Cardano users nearly doubled to 15,100.
- ADA must reclaim $0.177 to strengthen bullish momentum.
Cardano price is showing renewed strength after recovering from recent lows, while on-chain data points to rising confidence among large investors. According to analyst Ali Martinez, whales accumulated more than 30 million ADA over the past week. At the same time, network activity has improved, adding support to the ongoing recovery.
Cardano Price Supported by Whale Accumulation and User Growth
Large Cardano holders continue to expand their positions despite ADA trading below major resistance. Data shared by Ali Martinez, citing Santiment, shows wallets holding between 1 million and 10 million ADA steadily increased their balances from roughly 5.63 billion ADA to 5.69 billion ADA over the past two weeks.
The latest accumulation of more than 30 million ADA suggests whales are positioning for a larger move rather than reducing exposure. Historically, sustained buying from major holders has often reflected growing confidence in an asset’s medium-term outlook.
Meanwhile, Token Terminal data shows daily active users on the Cardano network nearly doubled to 15,100, compared with around 7,800 earlier this month. Higher user participation strengthens on-chain fundamentals and complements continued whale accumulation.
Cardano Price Faces Key Resistance Despite Improving Momentum
Despite stronger fundamentals, Cardano’s price remains inside a consolidation range. ADA continues to trade below the 50-day EMA near $0.177 and the descending resistance trendline around $0.1782.
Technical indicators remain cautiously constructive. The MACD histogram has stayed slightly positive, while the RSI near 52 signals neutral momentum. A sustained move above the resistance zone could open the path toward the next major target around $0.2205.
On the downside, immediate support sits near $0.1629, followed by the broader support level around $0.1486. As Cardano price tests these technical levels, whale accumulation and improving network activity remain closely watched indicators for traders.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
