20.09.2025 18:43
According to internet sources, Cardano's large investors, often referred to as "whales," have been actively accumulating ADA, signaling a potential shift in market sentiment. Over a mere 48-hour period, these significant holders, possessing between 1 million and 10 million ADA, acquired a substantial 530 million coins. This considerable accumulation suggests a strategic positioning for an anticipated bullish surge, a development eagerly awaited by many ADA enthusiasts.
Despite this bullish signal from whale activity, some investors are still divesting their holdings. Data indicates that spot inflows reached $1.44 million at the time of reporting, implying that selling pressure continues to exert its influence, even in the face of substantial bids from larger investors. Concurrently, intraday traders appear to be aligning with the bullish sentiment, heavily favoring long positions. The Binance ADAUSDT Long/Short Ratio reflected this, reaching 3.39, with a notable 77.24% of accounts holding long positions and only 22.76% short.
Analyzing Cardano's technical outlook, at the time of writing, ADA was trading around $0.90, representing a slight decrease of 0.90% in the past 24 hours. Notably, trading volume has also seen a considerable decrease of 39% compared to the previous day. This decline suggests a lack of strong momentum from sellers to drive the price lower, potentially creating an opportunity for a price reversal. From a technical analysis perspective, ADA's daily chart reveals a textbook-style ascending triangle pattern, further reinforcing the short term bullish outlook. Should ADA successfully breach the $0.99 threshold, analysts suggest it could trigger a substantial rally, potentially pushing the price up by as much as 25% toward a target of $1.20.
