
Jakarta, Pintu News – In the last few weeks, there has been a buildup of Cardano crypto assets by whales, reaching 210 million ADA. This phenomenon occurred while Cardano’s price was still below $0.40, signaling the potential for significant price movement going forward. However, the big question is whether this is the start of a price spike or just another market fluctuation.

Cardano’s large holders have actively accumulated more than 210 million ADA over the past three weeks. This accumulation did not occur during the price surge phase, but rather when there was downward price pressure that started to weaken. This suggests that the whales are strategically positioning, not just a knee-jerk reaction to price movements.
Despite this, no significant price expansion has occurred to date. During this period, balances on exchanges have decreased which, although not large, still contributed to a reduction in liquid supply, making marginal demand more influential. Such patterns are often seen near structural inflection zones, but accumulation alone is not enough to move prices without further confirmation.
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Cardano is still within a declining channel that has lasted several months, with the price currently hovering around the lower boundary of the channel, which is $0.38-$0.39. The price has managed to hold this area without creating a new low, suggesting that selling pressure is starting to ease. However, buyers have not been able to push for a breakout.
Reduced price volatility near channel support signals that the price compression phase will not last long. Typically, the market will resolve this compression through expansion. The next key levels for the upside are near $0.47 and $0.60, which are in line with the previous price structure. However, as long as the price has not broken out of the channel, the next direction of movement remains uncertain.

Analytics of the top trader accounts on Binance show a strong trend towards long positions, with 72.52% of accounts opting for these positions versus 27.48% opting for shorts. This indicates confidence among experienced market participants, rather than just speculation from retail. Nonetheless, this metric reflects sentiment rather than actual risk concentration.
On the other hand, funding pressure has eased with a heavy funding rate of +0.0018%, signaling that the pressure from the short side has eased. This balanced leverage condition supports market stabilization rather than a sharp price reversal. However, funding alone is not enough to drive price expansion without support from spot demand and market structure.
With massive accumulation by whales and positive sentiment from top traders, Cardano may be on the verge of a significant price movement. However, it is important to remember that these factors must be followed by clearer market confirmation before it can be confirmed as the start of a strong uptrend. Investors and traders are advised to constantly monitor technical and fundamental indicators and conduct in-depth analysis before making investment decisions.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.