Will Cardano (ADA) Spike Due to Whale Accumulation?

Updated

May 14, 2025

Gambar Will Cardano (ADA) Spike Due to Whale Accumulation?

Jakarta, Pintu News – Last week, Cardano managed to break out of a short-term downward channel. This was driven by the liquidation of $880,000 worth of short positions in less than 24 hours, which triggered a significant price spike. Recent reports suggest that accumulation by whales is increasing, especially at the $0.75 support level, which adds to the potential for future ADA price gains.

Tissue Activity Observations

On Friday, May 9, there was a sharp drop in daily active addresses and transaction volume on the Cardano network. This activity decreased over the weekend, which is not uncommon for transaction volume, but is often seen in daily active addresses. Despite this, the current number of daily active addresses is still higher compared to most days in April.

The drop in token velocity has also coincided with a decrease in transaction volume over the past few days. This has coincided with an increase in price, indicating reduced selling pressure and minimal profit-taking activity, which is indicative of accumulation activity. In the past month, the group of 10 million to 100 million ADA holders has added 1% to Cardano’s total circulating supply, which is worth around $296 million.

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Accumulation by Whale

It is true that accumulation occurred only in certain groups. The 100 million to 1 billion ADA holder group also added to their holdings in the last three days. However, other groups seem to be selling their assets, with only the retail group showing consistent buying since February.

This shows the mixed dynamics in investor behavior in Cardano. Despite selling from some groups, significant accumulation by whales could provide strong support to the price, and the potential to push the price higher if this trend continues.

Technical Analysis and Price Projections

On the daily price chart, Cardano briefly fell below the $0.68 low in late March, but managed to recover. This level was tested again as support on May 8. Currently, the $0.8 support zone is successfully defended by the bulls.

The 20 and 50 period moving averages show the dominance of bullish momentum. The next price target is the mid-range resistance at $0.91. The increasing Balance On-Chain Volume (OBV) indicates steady buying pressure, which could help ADA prices rally even higher.

Conclusion

With significant accumulation by whales and favorable technical indicators, Cardano (ADA) has the potential to experience a price surge. Investors and market watchers should continue to monitor this dynamic, as it could provide interesting opportunities in the cryptocurrency market.

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