Cardano Whales Just Bought 40M ADA – What Comes Next?
By: captainaltcoin|2025/05/11 17:15:04
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Cardano whales are on the move, and the market is starting to feel it. Over the past 48 hours, large holders have scooped up more than 40 million ADA, according to on-chain data shared by analyst @ali_charts. This wave of accumulation has pushed whale holdings in the 100 million to 1 billion ADA range to their highest level in over a week – totaling around 3.22 billion ADA.The timing of this buying spree is no coincidence. Just as whales were loading up, the ADA price broke above its 200-day moving average, a technical level that has acted as a ceiling for months. The breakout came with force, sending the price soaring past $0.80, and suggesting that the recent whale activity might have been front-running this move.Whales have bought over 40 million #Cardano $ADA in the last 48 hours! pic.twitter.com/HUjt0Vpq7V— Ali (@ali_charts) May 11, 2025 On the 4-hour chart, ADA has flipped its long-standing resistance zone into support. The 200-day moving average, now sitting near $0.79, will be a key level to watch. If bulls manage to hold above this zone, momentum could build toward the next resistance around $0.88 to $0.90. A clean breakout above that would likely bring ADA face to face with the $1.00 mark, a major psychological barrier that hasn’t been tested in months.Technical indicators are leaning bullish but not without caution. The RSI is climbing near overbought levels, which could trigger a short-term pullback or sideways consolidation. Still, the underlying story is clear: big players are betting on Cardano, and the price is starting to reflect that confidence.Source: TradingViewBeyond the charts, the Cardano ecosystem has also been gaining traction. Developer activity remains strong, and new projects are steadily launching on the network. This mix of whale accumulation, bullish technical breakout, and ecosystem growth could be setting ADA up for a bigger move in the coming weeks.So, what comes next? If ADA stays above its 200-day moving average and buying pressure continues, the rally could extend toward $0.90 and beyond. But even if there’s a short-term pullback, the recent whale activity suggests that the smart money is positioning for higher prices – and they tend to move early.Read also: The $700 Million ADA Mystery: Did Cardano Quietly Seize ICO Funds?Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Cardano Whales Just Bought 40M ADA – What Comes Next? appeared first on CaptainAltcoin.
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