Cardano Whales Fuel Price Rally as Resistance Zone Looms
Cardano's ADA token is gaining momentum as large holders, known as whales, increase their positions. According to recent blockchain data, addresses holding between 10 million and 100 million ADA have grown their holdings over the past few weeks.
This accumulation trend often precedes price rallies, as it indicates that large investors are acting before broader market moves. The pattern is also aligned with an uptick in network activity and developer engagement within the Cardano ecosystem.
From a technical perspective, ADA has formed a higher low on the daily chart, which historically signals a bullish continuation. The price is currently testing a key resistance zone near $0.45, and if broken, could open the door to a retest of the $0.50 psychological barrier.