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Cryptocurrency News Articles

Cardano (ADA) Gathers Steam As Whales Accumulate Over 400M ADA – Awaiting Breakout Above $0.75

May 04, 2025 at 01:30 am

Cardano is currently trading just below the $0.75 mark, where it has spent several days consolidating after its recent upward move. Despite facing resistance at this level, market sentiment appears to be shifting.

Cardano (ADA) Gathers Steam As Whales Accumulate Over 400M ADA – Awaiting Breakout Above $0.75

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Cardano is currently trading just below the $0.75 mark, where it has spent several days consolidating after its recent upward move. While the crypto faces resistance at this level, shifting market sentiment could favor a breakout if the price pushes above the current range.

After a brief pause in the market, bulls are slowly regaining control, and many analysts believe that a breakout could be imminent if the price pushes above the current range.

Price action is showing signs of strength, supported by a gradual increase in volume and reduced selling pressure from short-term holders.

This is a crucial factor that could tip the scales in favor of the bulls.

Huge ADA Accumulation Signals Potential Rally

One of the most compelling signals of a potential rally comes from on-chain activity.

According to crypto analyst Ali Martinez, whales accumulated over 410 million ADA throughout April—a decisive vote of confidence from large holders.

Historically, such aggressive whale accumulation has often preceded major price moves in Cardano.

This growing interest among institutional and high-net-worth investors could help fuel the next leg up for ADA, especially if broader market conditions remain favorable.

With the crypto market heating up again and Bitcoin pushing toward new highs, altcoins like Cardano may soon follow. All eyes are now on whether ADA can reclaim $0.75 and build momentum for a sustained rally.

Cardano Gathers Strength As Whales Drive Accumulation

Cardano has quietly gained over 40% in value since its early April lows, reclaiming a key place in the spotlight as bullish momentum builds.

Currently consolidating below the $0.75 resistance, ADA has shown resilience amid broader market uncertainty and macroeconomic headwinds.

While financial markets remain on edge due to trade tensions and recession fears, the crypto space has found renewed energy, and Cardano appears to be one of the beneficiaries.

For ADA, the key lies in holding current support levels and making a clean push above resistance. A breakout above the $0.75–$0.80 range could open the door to a strong rally, potentially targeting psychological levels like $1.00 if the broader market cooperates.

This bullish outlook is reinforced by compelling on-chain data.

Martinez shared data revealing that whales accumulated over 410 million ADA in April alone, a clear sign of growing confidence among large holders.

Historically, such accumulation patterns have preceded strong upward movements for Cardano. The scale of buying in recent weeks signals that influential players are positioning for a continuation of the rally.

As Bitcoin and Ethereum push into higher levels, altcoins like ADA are poised to follow. If Cardano can reclaim higher ground and sustain momentum, it could soon emerge as a leader in the next phase of the market cycle.

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Other articles published on May 07, 2025