Whale Activity Could Push Cardano Up by 40%

Intensified activity from large investors (whales) and fresh bullish technical signals are fueling market optimism for Cardano (ADA). These conditions open the door for a potential price rally of up to 40%, marking one of the strongest moments in recent months.

Whale Activity Surges: 137 Large Transactions

The latest on-chain data recorded more than 137 transactions exceeding US$1 million in the past 24 hours—an increase of approximately 137% compared to the previous period. Analysts from Santiment and Ali Martinez view this spike as a strong indication of strategic accumulation by major investors.

Technical Analysis: Bullish Breakout and US$1.18 Target

Cardano recently broke out of a long-term descending channel, climbing toward resistance at US$0.90, and is currently trading in the US$0.82–0.83 range. If the price holds above this level, analysts project a potential rally toward US$1.18—about 40% higher than current levels.

However, failure to maintain support at US$0.82 could trigger a pullback of up to 20%, potentially dropping to the US$0.68 range.

Strengthening On-Chain Fundamentals

Total Value Locked (TVL) in the Cardano ecosystem has surged to US$374.5 million, approaching its all-time high in May. Trading volume on DEX platforms and weekly stablecoin market capitalization have also rebounded, signaling improved liquidity and increased network activity.

Risks and Correction Scenarios

Despite the dominant bullish signals, some technical indicators raise caution:

• RSI is in the overbought zone, which could trigger a short-term consolidation phase before the uptrend resumes.

• Daily trading volume has dropped by around 14.8%, increasing the likelihood of a support retest at US$0.71.

With soaring whale activity, a technical breakout, and strengthening fundamentals, Cardano appears to be on a strong bullish trajectory. The primary target remains US$1.18, but investors are advised to stay alert for short-term corrections and apply disciplined risk management.