Cardano has shown early signs of stabilization after weeks of stress. ADA price is attempting to rebound from recent lows. Market data suggests that the recovery is being supported by two major investor groups.
Large holders and long-term investors appear to be intervening. Their activities shape the short-term sentiment surrounding altcoins. As volatility continues across crypto markets, these groups could play a decisive role in ADA’s next move.
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Cardano holders seem bullish
On-chain data shows that Cardano Whale is consistently supportive. A large number of addresses holding between 10 million and 100 million ADA have accumulated over the past few days. These wallets added over 220 million ADA and were worth over $61 million at the time of this writing.
Such accumulation during price declines often reflects strategic positioning. The whales likely took advantage of the discounted price. Their purchases demonstrate confidence in ADA’s recoverability.
Large-scale accumulation could also reduce circulating supply, which could support price stability in the short term.
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Beyond whale activity, long-term holders are growing in confidence. The average coin age metric, which tracks the average age of coins in circulation, has been steadily increasing. This indicator reflects whether old coins are moving or remain dormant.
In a bear market, a decrease in average coin age often indicates a potential trade or sell. However, the latest increase puts the index at a three-month high.
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This suggests that long-term holders are choosing to HODL rather than liquidate their positions. Continued dormancy typically indicates expectations for future ADA price increases.
ADA card price violation
At the time of writing, Cardano price is trading at $0.278. The altcoin is attempting to secure the $0.271 level, which coincides with the 23.6% Fibonacci retracement. If this support holds, the bullish structure will strengthen. If a rebound is confirmed, it could pave the way for $0.303.
A combination of whale accumulation and long-term holder confidence could provide the needed stability. If the buying pressure continues, ADA could extend its upside above $0.303.
The next resistance level is near $0.354. A decisive move above that zone could push Cardano to $0.391 and strengthen recovery momentum.
However, risks still exist in volatile market conditions. If ADA fails to break above $0.303, sellers may regain control. New pressure could push the price below the support at $0.271 once again.
After analyzing the breakdown, the next downside target is likely to be $0.245, invalidating the current bullish outlook.
