Cardano Whales Buy The Dip – Metrics Show Increasing Demand
Cardano (ADA) captured investors’ attention after surging to multi-year highs of $1.15, rising an impressive 245% since November 5. This significant rise solidifies its position as one of the best-performing altcoins in the current market cycle. As the broader cryptocurrency market experiences consolidation, Cardano continues to stand out with bullish momentum, which could signal further gains in the coming days.
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Top analyst and investor Ali Martinez recently shared a technical analysis of X, highlighting the massive accumulation of ADA by whales. Martinez said large investors have been actively buying Cardano, especially during the weekend’s price decline, a move that underscores growing confidence in the asset’s potential.
The next few days will be crucial for ADA as it consolidates the altcoin market Prepared for the next big move. Investors are closely watching Cardano’s ability to maintain a bullish structure and capitalize on rising whale interest. If the market turns around, ADA could reach new highs, solidifying its position as a key player in the altcoin space.
As whales accumulate and market conditions adjust, Cardano’s future remains one of the most exciting stories in crypto.
Large Cardano holders continue to accumulate
Cardano is showing strong bullish momentum as large holders, often referred to as whales, increase their buying activity. These whales are defined as entities holding more than 100 million ADA, having accumulated more than 130 million tokens during the recent price decline, according to blockchain analytics firm Santiment.
Top analyst Ali Martinez draws attention to these metrics on Xhighlighting the importance of whale activity in shaping the ADA market trajectory. Martinez noted that this level of accumulation is a clear sign of large investor confidence, suggesting that the current rally still has room to grow. Cardano’s price recently hit multi-year highs of $1.15 and is likely to continue surging as whales increase buying pressure in the market.
Despite the bullish outlook, some analysts believe a pullback below $1 could provide a healthier basis for ADA’s next big move. This pullback will allow the market to consolidate and shake off the weaker hands, creating an area of stronger demand for the next rally.
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Cardano’s bullish trend appears to be well supported with whales leading the way and indicators pointing to rising demand. The coming days may determine whether ADA can sustain its upward trajectory or whether a temporary correction paves the way for its next move higher. Investors are keeping a close eye on key levels and are optimistic that Cardano will continue to outperform as the altcoin market remains in the spotlight.
ADA test liquidity is around $1
Cardano is currently trading at $0.99, a 24% retracement from its recent local high of $1.15. Despite the price decline, price action suggests that ADA is testing key supply areas near the $1 mark, a key psychological and technical level. Recovering and holding above this level in the coming days would confirm the continuation of the broader bullish breakout, signaling renewed strength in Cardano.
If ADA manages to hold support above $1, it could pave the way for a swift move back to $1.15 levels and beyond as the bullish trend regains momentum. Traders and investors are watching this level closely as a sign of resilience, and if ADA performs strongly, further price gains are expected.
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However, temporary consolidation below $1 should not be considered a bearish indicator. Instead, the move could allow the market to establish a stronger demand zone and provide a healthier basis for ADA’s next rally. Consolidative phases are often critical to sustaining long-term price trends and breaking out of weakness.
As the market evaluates these key levels, ADA’s price trajectory will likely depend on whether it is able to break out and hold above $1, or consolidate before the next major move.
Featured image from Dall-E, chart from TradingView
