Cardano Whales Scoop Up 50M ADA in 48 Hours — Is a Price Surge on the Horizon?
Cardano (ADA) has struggled in 2025, shedding over 20% of its value as market sentiment weakens due to a looming trade war. However, large investors have taken advantage of the dip, accumulating ADA at discounted prices. Their aggressive buying hints at a potential price reversal. Whales Buy the Dip Despite Market Decline On-chain data from […]
Cardano (ADA) has struggled in 2025, shedding over 20% of its value as market sentiment weakens due to a looming trade war. However, large investors have taken advantage of the dip, accumulating ADA at discounted prices. Their aggressive buying hints at a potential price reversal.
Whales Buy the Dip Despite Market Decline
On-chain data from Santiment reveals that ADA holders with balances ranging from 1 million to 10 million ADA have significantly increased their holdings. Within 48 hours, these whales acquired over 50 million ADA, pushing their collective stash beyond 5.95 billion ADA.
When institutional investors and high-net-worth individuals absorb selling pressure during a market decline, it often signals confidence in an asset’s future price performance. This pattern suggests that a bullish breakout may be brewing for Cardano.
Bullish Catalysts Support ADA’s Growth Potential
Several recent developments have reinforced optimism surrounding Cardano. Coinbase, one of the largest cryptocurrency exchanges, announced that ADA futures trading will launch on March 31, 2025. This move is expected to boost liquidity and enhance price discovery, making ADA more attractive to institutional traders.
Additionally, Amina Bank has integrated Cardano staking services, bridging decentralized finance (DeFi) and traditional finance (TradFi). This innovation enables clients to earn staking rewards while retaining full ownership of their ADA, potentially driving mainstream adoption.
Technical Indicators Point to a $1.65 Target
Despite its recent struggles, ADA remains in an ascending channel pattern, indicating a broader bullish trend. The cryptocurrency currently trades around $0.731, but technical signals suggest a potential retracement toward the channel’s lower boundary near the 50-2W exponential moving average (EMA), which is $0.618.
Historically, the 50-2W EMA has served as a strong support level. A successful rebound from this zone could reinforce the upward trajectory, potentially propelling ADA toward the channel’s upper boundary near $1.65. This price point previously acted as a strong resistance level during the late 2021 and early 2022 rallies.
Meanwhile, the Relative Strength Index (RSI) currently hovers around 51.27, indicating neutral momentum. This reading suggests that ADA has room for further downside before reaching oversold territory, increasing the likelihood of a rebound.
However, if ADA fails to hold above the support confluence, a deeper correction could unfold, challenging the bullish outlook.
Related article: Cardano’s Bullish Sentiments Hit 4-Month Peak—Is a Price Rally on the Horizon?
Conclusion
Cardano’s latest whale accumulation and positive ecosystem developments suggest a potential rally may be in the making. The upcoming launch of ADA futures on Coinbase and Amina Bank’s staking integration could drive renewed interest in the asset. While short-term corrections remain possible, the long-term trend continues to favor bullish momentum. If ADA finds solid support at key levels, a climb toward $1.65 remains a viable scenario in the coming months.
Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
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