Cardano Whales Accumulate 50M ADA in Just Two Days — Another Rally Cooking?

Cardano (ADA) has dropped by over 20% so far in 2025, with a looming trade war pushing risk appetite lower among traders and investors alike. However, a section of rich traders have used the dip as an opportunity to buy ADA at lower rates.

ADA Whales Are Accumulating During Price Crash

The attached Santiment chart highlights increased holdings among ADA investors with 1 million to 10 million ADA coins. Over the past 48 hours, whales have accumulated over 50 million ADA, pushing their total holdings above 5.95 billion ADA.

When whale holdings increase while price declines, strong hands absorb the selling pressure.

Further bullish cues for Cardano come from a set of fresh news updates.

For instance, earlier this week, Coinbase introduced ADA futures trading on March 31, 2025, which could increase liquidity and price discovery.

Additionally, Amina Bank has integrated Cardano staking services, bridging it with traditional finance (TradFi) by allowing clients to earn staking rewards while maintaining full ownership of their ADA. This initiative could boost ADA adoption among mainstream investors.

Cardano Technical Analysis — Support Confluence Predicts $1.65 in Coming Months

ADA continues to trade inside an ascending channel pattern, signaling a broader bullish trend despite recent pullbacks. The cryptocurrency is currently hovering near $0.731, with technical indicators suggesting a potential drop toward the channel’s lower boundary, aligning with the 50-2W exponential moving average (EMA).

The 50-2W EMA, now at $0.618, has historically acted as a strong support level. A bounce from this confluence could validate the ascending trend, potentially sending ADA’s price back toward the channel’s upper boundary near $1.65. This resistance level previously capped ADA’s rally between December 2021 and January 2022.

Meanwhile, the Relative Strength Index (RSI) hovers around 51.27, suggesting neutral momentum but leaving room for further downside before an overbought signal emerges.

A deeper correction could follow if ADA fails to hold the support confluence, challenging the broader bullish outlook.