Cardano Price Eyes $0.30 as Whales Accumulate 819M ADA During Market Dip

Cardano price hovered around $0.26 on Wednesday, hinting at a potential rebound despite ongoing volatility in the broader crypto market. After a minor pullback, ADA posted a modest recovery in recent hours, with traders closely watching key resistance levels. While the token has declined nearly 7% over the past week amid renewed concerns surrounding US tariff developments, on-chain data suggests strong accumulation by large holders.

According to insights from Santiment, whales have accumulated approximately 819 million ADA during the recent dip. Over the past six months, Cardano has fallen significantly from $0.90 to around $0.26. Despite this decline, wallets holding between 100,000 and 100 million ADA have steadily increased their positions. These large investors added roughly 213.9 million ADA in net accumulation, representing about 1.6% of the total supply. Their overall holdings rose from 66.84% to 68.44% of circulating supply, bringing the group’s total to nearly 25.35 billion ADA. This growing supply concentration signals rising confidence among major investors as ADA trades near multi-month lows.

From a technical perspective, Cardano price action remains under short-term pressure but shows early signs of stabilization. ADA continues to hold above the $0.25 support level, with buyers defending this zone on moderate volume. The MACD indicator recently formed a minor bearish crossover, reflecting weak momentum and lingering seller control. Although histogram bars are gradually improving, they remain in negative territory, suggesting only a slow shift in sentiment rather than a confirmed trend reversal.

The Chaikin Money Flow indicator also remains below zero, pointing to continued capital outflows. However, if ADA breaks above $0.27, it could retest $0.28, a key psychological level. A sustained move beyond $0.28 may open the door toward the crucial $0.30 resistance. Conversely, a drop below $0.25 could push Cardano price toward the next support at $0.24, which may determine the token’s near-term direction.