Cardano Price Surges 12% Weekly Amid Whale Accumulation and Rising Futures Activity

The Cardano price surged by nearly 12% over the past week as whales accumulated 240 million ADA, according to Santiment data shared by market analyst Ali Martinez.

This buying activity pushed whale holdings near 14.5 billion ADA and strengthened the token's price, which rose to its strongest level in about one month.

The Cardano price now trades around a key support level of $0.1812, which may decide the next short-term move.

If buyers can hold this level, the next test could be near $0.20, but a move below $0.1812 could trigger a retest and potentially revisit levels near $0.1747 and $0.1719.