Cardano Whales Buy $150M ADA as Price Charts Hint at Rally Toward $10

TLDR:

• Cardano whales accumulated 150 million ADA in two weeks, signaling rising confidence in the crypto’s next price move.
• Analyst Deezy noted ADA’s bullish divergence on the 3-hour chart with RSI oversold, hinting at a possible rebound.
• A 50% rally from current levels could drive ADA toward $1.20 resistance, a level closely monitored by traders.
• ADA trades at $0.895 after gaining 1.96% in 24 hours, though still down 5.48% in the past week.

Cardano is back on traders’ watchlists after fresh whale activity and technical signals hinted at a possible price turnaround. Market data showed large holders snapping up millions of ADA tokens in recent weeks. 

At the same time, chart setups revealed bullish divergence that has previously fueled sharp rallies. Price levels now draw attention as investors weigh whether history could repeat. The coming days may prove decisive for ADA’s direction.

Cardano Price Eyes Key Resistance Levels

Blockchain analytics shared by Ali on X revealed that whales purchased 150 million ADA within the past two weeks. 

The buying spree came as ADA traded under $1, with price fluctuations creating accumulation opportunities. Analysts noted that institutional investors and large wallets tend to build positions ahead of potential breakouts.

Trader Deezy highlighted a bullish divergence forming on the three-hour chart. His view was that ADA’s price made lower lows while RSI trended higher. This divergence suggested momentum was shifting, even as the broader market appeared weak. RSI readings also showed ADA was in oversold territory, strengthening the case for a possible rebound.

Deezy pointed out that the last time a similar setup appeared, ADA rallied by 50%. If the pattern repeated, the price could rise toward $1.20. That level was described as a strong resistance zone, one that traders were watching closely for confirmation. 

A break above could open the door to higher ranges if buying pressure sustains.

Data from CoinGecko placed ADA’s price at $0.895, up 1.96% in 24 hours. However, the coin still showed a 5.48% drop over the past week. Trading volume crossed $2 billion in the same period, reflecting strong activity around the asset.

Whale Accumulation and Long-Term ADA Price Projections

AltGem Hunter suggested in a separate post that ADA could push far higher if $1.16 flips into support. His roadmap included stages toward $2.68, $5, and potentially $10. The argument centered on institutions monitoring ADA’s chart structure and liquidity zones.

Whale accumulation of 150 million ADA added weight to this outlook, suggesting long-term players were willing to bet on higher valuations. 

Large-scale buying often signals confidence in sustained growth rather than short-term price moves. The timing of these purchases aligned with technical setups pointing toward a reversal.

Market watchers stressed that short-term hurdles remained, particularly the $1.20 resistance level. Clearing that barrier could set ADA on a broader upward path. Until then, traders balanced optimism with caution, aware of the volatility surrounding crypto assets.

The combination of whale activity, technical divergence, and price levels kept ADA firmly in focus. While the coin traded under $1 at press time, momentum signals suggested the story was still unfolding.

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