Cardano price outlook as sharks & whales quietly scoop up 819M ADA

Cardano price is under pressure, but its largest holders are buying aggressively into the dip. Whales and sharks have accumulated more than 819 million $ADA, signaling strong conviction beneath the surface volatility and hinting at a potential long-term reversal.

Cardano whales and sharks go on a buying spree

Data from the on-chain analytics platform Santiment reveals a striking trend: wallets holding between 100,000 and 100 million $ADA have been consistently stacking the token for the last six months.

This period saw $ADA’s price endure a punishing 71% decline, falling from $0.90 to roughly $0.26.

Despite this capital erosion, these key stakeholders added 819.14 million $ADA to their portfolios, representing a 1.6% increase in their total share of the circulating supply.

Valued at approximately $213.9 million, this concentrated buying during a steep drawdown is a classic signal of a market bottom, as high-conviction holders absorb the liquidity left behind by panicked sellers.

Cardano price at a crossroads

The $ADA/USDT daily chart illustrates a market struggling to translate this whale accumulation into immediate upward momentum.

Currently trading near $0.2935, the price is hovering just above the 20-day Simple Moving Average (SMA) of $0.2753. Recent price action shows a clear rejection at the upper Bollinger Band near $0.2985, identifying it as the immediate ceiling that bulls must shatter.

Cardano price analysis | Source: Crypto.News

While strong horizontal support has been established at the $0.2520 level, the Chaikin Money Flow (CMF) remains slightly bearish at -0.04. This negative reading suggests that despite the whale activity, there is still enough short-term distribution from smaller participants to keep the price suppressed.

For a definitive bullish flip, $ADA needs a sustained daily close above the $0.30 psychological barrier.

If it can maintain its position above the 20-day SMA, a retest of the $0.32 resistance is likely, though a slip below $0.25 would signal that the accumulation phase may need to extend further before a breakout occurs.