Peter Smith
Cardano (ADA) is back in the spotlight as large holders make bold moves. Whales have accumulated $2.33 million in ADA, signaling rising confidence in the asset’s near-term trajectory. The altcoin recently reclaimed the $0.59 support level and is now pressing against the $0.67 resistance — with growing speculation of a potential breakout.
Whale Accumulation Heats Up
On-chain Cumulative Volume Delta (CVD) data provided by CryptoQuant paints a clear picture: taker buy volume is surging. The green zones on the chart show buy-dominant activity intensifying through 2024 and into mid-2025, mirroring past accumulation phases that preceded significant price rallies.
Erica Hazel notes that short-term holders are “fading out,” a historically bullish signal indicating a shift in supply from weak hands to long-term conviction holders. The $2.33 million withdrawal from exchanges reinforces this narrative.
Price Action: From Support to Launchpad?
Cardano (ADA) is currently trading above $0.59 and testing resistance near $0.67 — levels that coincide with prior distribution zones. A clean break above $0.67 could open the door to $0.91, the next key target mentioned by Hazel in her post.
Historically, similar setups in the CVD chart (notably in early 2021 and mid-2023) have preceded major upside moves. If momentum holds and whale accumulation continues, ADA’s price could accelerate quickly.
Conclusion
With whale activity rising and short-term holders exiting, Cardano appears poised for a potential breakout. A move past $0.67 could ignite a rally toward $0.91, especially if buyer dominance continues on the spot market. For now, all eyes remain on how ADA navigates the critical levels in the coming days.
Peter Smith
