Cardano Price Surges as Whales Buy 100 Million ADA Tokens - Crypto Data Space

Cardano Rally Resumes: Institutional Investors Accumulate 100M ADA

Cardano appears to have completed its recent pullback phase, with the ADA price bouncing dramatically from key support levels as institutional investors step in with massive purchases. The cryptocurrency has demonstrated remarkable resilience, setting the stage for potential upward momentum.

Technical Analysis Shows Bullish Structure

Cardano price rebounded sharply from $0.84 yesterday after pulling back from its recent high of $1.00. This movement marks the third consecutive higher low, following previous support levels near $0.68 and $0.51, which significantly reinforces the underlying uptrend structure.

The most recent low perfectly aligns with the prior breakout zone from an earlier double bottom formation, adding substantial strength to this critical support level. This technical confluence increases the probability of continuation toward higher price targets.

If current momentum holds, Cardano could soon test its recent $1.00 high, with potential for a decisive breakout above that psychological resistance level.

Whale Activity Drives Market Sentiment

Recent reports reveal that large investors have accumulated approximately 100 million ADA tokens during the pullback to key support. This significant whale accumulation coincided precisely with the bounce from $0.84, suggesting institutional confidence in the continuation of the uptrend structure.

The timing of this massive accumulation indicates that sophisticated investors view current price levels as attractive entry points, potentially positioning for the next leg higher.

Retail Sentiment Remains Overwhelmingly Bullish

Market sentiment data from Hyperliquid reveals extreme bullish positioning among retail traders. Long positions on ADA currently exceed 79% of total positions, while short positions account for only approximately 20% of trading activity.

However, traders should note that a decisive move below $0.84 would undermine the short-term bullish outlook, potentially threatening the breakdown of the higher-high, higher-low structure and increasing downside risk toward $0.68.

Cardano Price Surges as Whales Buy 100 Million ADA Tokens