Crypto
Cardano (ADA) Eyes 21% Jump As Whales Buy 150M Tokens
Cardano (ADA) gained bullish momentum after whales add 150 million tokens, with the daily chart now pointing to a potential 21% upside.
18h ago 4,280
BLOCKINSIDERLoadingCardano (ADA) gained bullish momentum after whales add 150 million tokens, with the daily chart now pointing to a potential 21% upside.
With a 6.35% price jump, Cardano (ADA) reached $0.18 and continues its ongoing price recovery. In fact, the asset has gained over 30% in the past seven days. This ongoing recovery is potentially supported by the whales' accumulation, a shift in market sentiment, and a bullish breakout.
Recently, a crypto news media outlet shared on-chain data showing that since June 25, 2026, crypto whales holding 100,000 to 1 million, 1 million to 10 million, and 10 million to 100 million ADA tokens have added a massive 150 million ADA tokens.
Looking at this massive acquisition, it seems that whales might be following buy the dip strategy as the token is down 94% from its all-time high, as per CoinMarketCap data.
In fact, the number of Cardano holders also increased, which further strengthened ADA's bullish outlook. As per the latest post shared by analytics tool Santiment, 14,784 more non-empty ADA wallets have been added since June 23, 2026. The post on X further noted:
“Retail support has been one of ADA's strongest traits even through ugly market stretches.”
By loading bags aggressively after a brutal June, these large-scale investors are likely preparing for a summer rebound.
According to Coinglass, Cardano's futures Open Interest (OI) fell 8.92% to $476.21 million over the past 24 hours. This OI dip reflects a flushed-out market, indicating that over-leveraged positions and late short positions just exit the market.
Meanwhile, Coinglass's ADA OI-weighted funding rate turned positive and reached 0.0056%, indicating long holders are paying shorts, strengthening the asset’s bullish sentiment.
Over the past week, it has been recorded that $0.172 on the lower side and $0.197 on the upper side are the two major liquidation levels. In fact, traders at these levels have built $17.43 million worth of long leverage positions and $7.99 million worth of short leverage positions. However, these positions could be liquidated if prices move on either side.
Looking at these developments, it appears that both investors (long-term holders) and traders (short-term holders) have a bullish outlook.
But the question remains: what's next for the ADA price? Will it continue moving upward, or could a potential fall also be possible?
According to the TradingView daily chart, ADA's short-term bias appears bullish and is poised to continue for the coming days, as the asset has cleared $0.184, a level that has acted as a key hurdle since June 5, 2026.
Whereas, ADA's long-term bias and structure remain bearish as prices continue to trade below the 200-day Exponential Moving Average (EMA), indicating sellers remain in control.
Based on the current price action, if the ADA price remains above the $0.184 level, it could further see a price jump of 21% and may reach the $0.225 level in the coming days.
However, this bullish thesis could be invalidated if the price falls below the breakout level. If it happens, ADA's immediate focus could be on the $0.176 and $0.168 levels, as they are the key 0.382 and 0.50 Fibonacci retracement levels.
At press time, ADA's Average Directional Index (ADX) retreated below 25 over the weekend, which likely reflects trend exhaustion.
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