Cardano: Whales Are Returning, 410 Million Tokens Purchased In A Month
Is the scenario repeating itself? After XRP and Ethereum, whales are now stirring around Cardano. Their actions are intriguing: silent but massive accumulation, as if preparing for an offensive. These giants of the crypto sphere, rarely prone to improvisation, always anticipate something. Should this be seen as a buy signal? Their movements become clearer, and eyes turn to ADA. A move prepared in the shadows? Or just a coincidence? Everyone must form their own conviction.
In Brief
- Whales accumulated 410 million ADA in April, suggesting a bullish anticipation.
- Cardano is trading between $0.67 and $0.75, near a potential technical breakout.
- A break above $0.77 could propel ADA towards $0.83 or $1.
Massive Accumulation: Whales in Ambush
Since early April, the Cardano price has gained over 40%. The price rose to $1.19 before correcting around $0.69. This rise coincides with intense whale activity. They have amassed more than 410 million ADA.
Ali Martinez left no doubt. His tweet speaks for itself:
Whales accumulated more than 410 million Cardano $ADA in April!
The accumulation indicates a strong bullish signal, according to past cycles. Large players do not act without reason. When they take positions, it is often ahead of the market. Today, ADA is stuck between two markers: the 50-day moving average at $0.673 and the 200-day at $0.773. A break above $0.75 could trigger a rally to $0.83 or even $1.
Analysts are already discussing a possible trend reversal. History has shown that signals given by whales often precede significant increases. Their strategy again seems to follow this same cyclical pattern of bullish anticipation.
ADA at the Crossroads
The current consolidation is occurring between $0.67 and $0.75. The $0.66 support seems to hold. This level has structured the trend for several weeks. Meanwhile, volume remains stable. This suggests silent accumulation. Less selling pressure, more patience among buyers. The 200-day moving average at $0.77 acts as a psychological ceiling. If this threshold breaks, ADA could climb quickly.
Conversely, a break below $0.66 would lead to a drop toward $0.60. Signals are still mixed. Nevertheless, fundamentals remain strong. Institutions are interested again. Demand could quickly surge if the market turns bullish. Many are waiting for a clear impulse, which fuels the tension. Nothing is decided yet, but the game seems ready to speed up.
Each day of stability around these strategic levels reinforces the possibility of a major reversal. This apparent calm often hides the approach of a strong move.
The Numbers That Shake the Market
The situation is tense, but the numbers speak:
- 410 million ADA accumulated in April;
- Technical resistance at $0.75;
- Short-term bullish target: $0.83;
- If the $0.77 threshold is broken, ADA can target $1;
- In case of failure, a pullback to $0.60 is likely.
The key lies in volumes. Sustained increases will trigger late buyers. It is often at these moments that prices surge. Cardano has not said its last word. The big players have bet big.
It remains to be seen if the market proves them right. Many investors are still hesitant. But each day of stability strengthens the idea of a reversal. The current technical positioning and the overall context make ADA a coin to watch closely. Some analysts already see ADA playing a key role in the next bullish phase of the crypto market.
A month ago, the arrival of Cardano on Coinbase sparked enthusiasm. Perhaps we are witnessing the beginnings of a new cycle for this ambitious blockchain. A long-term development process could well have been triggered. It remains to be seen if this momentum will withstand the test of time and markets.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.