Cardano Whale Activity Surges – 80 Million ADA Bought in 48 Hours!

Jakarta, Pintu News – The Cardano (ADA) market is experiencing a critical moment as market participants attempt to hold the support zone at $0.74 and build momentum to reach the $0.90 level. Having risen more than 68% since its April low, ADA is showing strong signs of recovery. However, to confirm the continuation of this positive trend, ADA will need to maintain its current levels.

Cardano Whales in Action: Large Accumulation Strong Indication

On-chain data from Santiment shows that whale has accumulated over 80 million ADA in the last 48 hours. This signals increased confidence among big players, which may set the stage for a breakout. Whale activity often precedes big market moves, and their renewed interest in Cardano could be an early signal of a sustained rally.

However, the $0.90 level is currently acting as a short-term resistance. Reclaiming this level will be crucial to unlock higher targets. The coming days will be crucial for ADA’s price structure. If market participants manage to reverse this level, the next step could be to bring Cardano back into the spotlight-perhaps also rekindling enthusiasm for altcoins more broadly.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Cardano Position Strengthening: Consolidation Ahead of Breakout

Despite the impressive rebound, ADA is still 43% below its December 2024 peak of around $1.32. This highlights the cautious optimism that dominates the altcoin landscape. Although market participants are gradually taking control, macroeconomic uncertainty and overall market fears continue to put pressure on altcoins, many of which are still struggling to break key resistance levels.

ADA is currently consolidating just above the $0.74 level, forming a base that could precede a breakout. The market structure is tightening, and the next move-up or down-is likely to be sharp. A decisive push above $0.90 would confirm a breakout and possibly trigger renewed interest from retail and institutional investors.

Cardano Maintains Critical Support: Bulls Seek Recovery

Cardano is currently trading around $0.74, testing a key support zone after failing to hold above the $0.80 mark. The chart shows a strong spike in early May that took ADA to a local peak near $0.90, but since then the price has pulled back and is now consolidating just above its 200-day EMA (around $0.71). This level acts as dynamic support and could be critical for the next move.

The price structure suggests that ADA is in a critical phase. A drop below the EMA and horizontal support around $0.72 could expose the token to a deeper retracement towards the previous consolidation zone. On the other hand, reclaiming $0.80 would negate the bearish scenario and signal a potential push towards $0.90 and eventually $1.00-areas that mark strong historical resistance.

Conclusion

If market participants can sustain current levels and generate renewed buying momentum, ADA could resume its uptrend and break the current range, setting the stage for a retest of key resistance levels in the coming weeks. Increased whale activity and adequate market structure promise significant potential for Cardano in the face of current market dynamics.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

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Reference

• NewsBTC. Cardano Whale Activity Spikes, 80 Million ADA Added in 48 Hours. Accessed on May 19, 2025
• Featured Image: Bitcoinsensus