Cardano Whales Keep Buying – Price Holds Above Crucial Mark
Cardano (ADA) has shown impressive resilience, holding above the key $1.15 level since Monday despite wild market turmoil triggered by Bitcoin volatility. While many cryptocurrencies struggle under selling pressure, ADA’s ability to maintain this support demonstrates its strength amid uncertain market conditions.
Top analyst Ari Martinez highlighted Cardano’s bullish signs and shared data that points to a significant increase in whale activity. The increase in large transactions indicates growing interest from institutional investors and high-net-worth individuals, which is often a precursor to large price moves.
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As Bitcoin’s volatility ripples across the market, ADA’s stabilization above $1.15 has become the focus of traders and investors. If Cardano can sustain this level, it could pave the way for continued bullishness and potentially target new highs. Conversely, the loss of this support would mean increased downside risks and could lead to a broader consolidation phase.
ADA shows comparative advantage Faced with the turmoil in the market, all eyes are focused on its next move. Will increased whale activity and bullish sentiment push Cardano to new heights, or will market uncertainty prevail? The next few days will be critical in determining ADA’s direction and potential to outperform in a challenging market environment.
Big players continue to buy Cardano
Cardano keeps making new highs and retracing to hold previous highs as support. This bullish behavior demonstrates the market’s confidence in ADA’s potential to deliver significant gains in the current cycle. Whale activity has been a key driver of this momentum, with large ADA holders significantly increasing their holdings.
Analyst Ali Martinez shared data from X It was revealed that Cardano Whales accumulated over 100 million ADA in the past 24 hours alone, worth approximately $115 million. This surge in accumulation is a highly bullish indicator that influential investors are positioning themselves for further gains.
The activity coincides with growing talk of the arrival of “altcoin season,” a period in which altcoins typically outperform Bitcoin and experience massive price increases. Cardano’s solid foundation and growing network activity make it a prime candidate for significant gains in such a market environment.
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The combination of whale accumulation, strong price action, and broader market trends suggests that ADA is well-positioned to capitalize on this cycle’s massive earnings potential. As the market looks for the next big move from altcoins, Cardano seems poised to stand out. Whether this momentum can be sustained will be a key question in the coming weeks.
Price remains above key levels
Cardano (ADA) is trading at $1.16, a 15% correction from its recent local high of $1.32. Despite this decline, the price remains above the key support level of $1.15, which may determine its next move. Staying above this level is critical for ADA to maintain its bullish momentum and signal the possibility of a new rally.
If ADA maintains support at $1.15 in the coming days, a push to higher supply zones is expected, with a possible retest of $1.32 and above levels targeted. This level has become a key battleground for bulls aiming to regain control and push prices higher. Such a move would confirm that the pullback is a healthy one in an ongoing uptrend.
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However, failure to hold support at $1.15 could signal weakness and prolong ADA’s current consolidation phase. In this case, the price may oscillate within a range, delaying any significant upward movement. Traders and investors are keeping a close eye on this level as broader market dynamics remain uncertain. ADA’s ability to remain above $1.15 could impact its short-term trajectory, making it a pivotal moment for the altcoin’s price action.
Featured image from Dall-E, chart from TradingView
