The post Cardano Price Eyes $1 as Whales Drive Momentum Higher? appeared first on Coinpedia Fintech News
Cardano price has been quietly building steam, and this week it finally broke through levels that traders have been monitoring closely. The ADA token is currently priced at $0.8880, up 1.79% in the past 24 hours and more than 8% over the last week. Its market cap now hovers at $31.74 billion, with an intraday trading volume of $1.22 billion, though volume has sunk by almost 28%.
The price action looks constructive, but the real story lies beneath the surface. A notable round of whale accumulation has taken place, giving ADA bulls fresh confidence just as the technicals turn favorable. The question now is whether ADA can sustain its momentum and climb toward the $0.95–$0.96 zone, or if short-term consolidation will put the brakes on.
Whales to Back ADA’s Rally?
One of the strongest catalysts behind ADA’s recent rally has been the behavior of big pockets. In just two days, whales have accumulated around 200 million ADA worth $178 million. This marks the largest buying spree since July 2025, and it has lifted their share of the circulating supply to 15.4%.
What makes this round of accumulation even more interesting is the timing. It coincided with ADA’s breakout above $0.89, a level that had been acting as resistance. If this buying continues and ADA can stay above $0.90, it could force short sellers to cover their positions. Thereby, setting up a short squeeze toward $0.921 and potentially beyond.
Cardano Price Analysis
From a technical point of view, ADA has cleared some important hurdles. It broke above the 50% Fibonacci retracement level at $0.892 and the 30-day SMA at $0.866. These breakouts confirm the shift in trend that traders were expecting.
The RSI is sitting near 60.5, indicating that there is still room before the bears step in. This leaves space for further upside, though the MACD is signaling that near-term consolidation may be likely before any major move higher.
For now, $0.89 is the critical support to hold. If bulls can defend that level, ADA price has room to climb toward the next resistance at $0.957. Contrarily, failure to maintain momentum risks a pullback to $0.862 or even deeper to $0.8014, where strong demand previously emerged.
In short, ADA’s setup looks promising, but the next 48 hours will be key in determining whether this rally has legs or if it pauses for breath.
FAQs
ADA’s rally is largely fueled by whale accumulation of 200M ADA, which has boosted investor confidence and reduced sell-side liquidity.
Immediate support lies at $0.89, while resistance sits at $0.921 and $0.957. A break above these could extend the uptrend.
Yes, if bulls fail to hold $0.89, ADA could retrace to $0.862 or even $0.8014 before finding fresh support.