Cardano (ADA) is showing renewed bullish momentum alongside Bitcoin and Ethereum as the broader market edges higher—and analysts say growing whale activity may be helping fuel the move.
Price action
After a recent uptick, ADA is trading around $0.25, up nearly 5% in the last 24 hours, with trading volume rising more than 9% over the same period. The altcoin is pushing toward the $0.25 area but is now encountering a critical technical barrier that could determine its short-term direction.
A make-or-break level
On the 3-day chart, crypto analyst Ali Chartz warns Cardano is at a “make-or-break” pivot around $0.243. According to Ali, this zone has historically acted as a decisive turning point for ADA: if bulls can defend it, the market may set up a relief rally toward roughly $0.30; if ADA loses this level on a daily close, it would represent a major structural breakdown and could open the door to a deeper correction toward yearly lows near $0.10.
Whales accumulating
Adding to the narrative is a notable increase in large-holder activity. X user Mintern reports that wallets holding at least 10 million ADA have climbed to 424—a four-month high—and that this cohort has grown by more than 5.2% in the past nine weeks. That rise in accumulation by high-net-worth addresses is being cited as a bullish backdrop if demand continues.
What to watch
- The $0.243 pivot on the 3-day chart: defend it and bulls stay in control; lose it and risk of a deeper sell-off increases.
- Whale accumulation trends: continued growth could support upside momentum.
- Price and volume confirmation: rising price coupled with sustained volume gains would strengthen a bullish case.
Bottom line
Cardano sits at a pivotal technical juncture. Short-term direction will likely hinge on whether bulls can hold the $0.243 area—support could propel a rebound toward ~$0.30, while a daily close below that zone might trigger a more significant correction toward $0.10.
Read more AI-generated news on: undefined/news
