Cardano (ADA) is currently trading around $0.26 after experiencing a steep decline of over 71% from its 2025 peak of $0.90. The cryptocurrency market continues to display volatility, but ADA has managed to hold above its key support level of $0.25.
Earlier in 2025, ADA soared to heights of $0.90, but since that time has faced a downward spiral, touching lows near $0.20 before rebounding slightly. In recent months, however, a surge in buying activity from large holders, known as ‘whales,’ suggests confidence in the asset at these lower price levels. According to on-chain data, wallets that hold between 100,000 and 100 million ADA have accumulated a staggering 819.4 million ADA, roughly valued at $213.9 million, over the past six months.
This substantial accumulation has altered the landscape of ADA’s total supply held by these wallets, which increased from 66.84% to 68.44%. Collectively, these whales now command an impressive 25.35 billion ADA tokens.
Whale Activity Signals Market Sentiment
The recent buying patterns of these large wallets point to an interesting sentiment among significant market participants. While ADA’s price has tumbled to multi-month lows, these whales appear to view the current valuation as an advantageous entry point rather than a signal to sell their holdings. Charles Hoskinson, the founder of Cardano, reiterated this optimistic perspective during recent discussions on the ongoing developments within the broader crypto landscape, emphasizing that innovation persists across major blockchain projects despite prevailing market challenges.
Technical Indicators: Mixed Signals Ahead
From a technical perspective, the current situation for ADA is characterized by mixed signals. The Moving Average Convergence Divergence (MACD) indicator has shown a slight bearish crossover, suggesting that short-term momentum may still favor sellers. Additionally, the Chaikin Money Flow indicator remains below zero, indicating ongoing capital outflows.
The $0.25 level continues to serve as a critical support point, with buyers entering the market at this price level. Analysts propose that if ADA manages to push past the $0.27 mark, it could lead to a retest of $0.28, viewed as a vital psychological threshold. Surpassing this level could set the stage for a move towards $0.30, where a stronger resistance might emerge.
Conversely, a decline below $0.25 could force ADA down to the next support level around $0.24. During the past week, ADA has seen a drop of approximately 7%, influenced by broader concerns regarding US tariff developments and their effects on the crypto arena.
Forecasts from CoinCodex suggest that ADA could potentially reach values of $0.2766 by the end of 2026 and $0.2997 by 2030, indicating a cautious optimism for long-term holders.
As of Wednesday, Cardano was trading at approximately $0.266, with traders keenly focused on the $0.25 support level and the resistance zone between $0.27 and $0.30.
As the crypto market continues to unfold, the interest from large investors in ADA adds a layer of intrigue, raising questions about the future trajectory of this prominent digital asset.
