Cardano Price Stuck in Crucial Resistance Zone as Whales Accumulate Over 30M ADA

Cardano's price is stuck in a narrow resistance zone between $0.164 and $0.175, making it a key battleground for traders.

The latest drop looks like a completed five-wave move, which could be the first leg of a larger bearish setup, according to analyst More Crypto Online.

Whales have accumulated over 30 million ADA in late July 2026, supporting the bullish case despite cautious sentiment from retail traders.

The Cardano DeFi ecosystem remains smaller than Solana's, with a valuation of around $180 million compared to Solana's $8.7 billion.

Bulls need to push the price above $0.170-$0.175 to improve the short-term structure, while bears need a break below $0.150 to regain control.