This is how whale accumulation could drive the price of Cardano to $0.85.

Cardano whales have purchased 240 million ADA tokens, valued at $175 million, indicating confidence in a price recovery. $ADA

The Mean Coin Age metric shows that long-term holders are not willing to sell, reinforcing support for ADA. #BinanceAlphaAlert

Despite recent gains, ADA struggles to break the crucial resistance of $0.77, with the next key target at $0.85.

Cardano (ADA) has faced a lack of bullish momentum, preventing the altcoin from achieving a full recovery. However, it has maintained a micro bullish trend, supported by a group of large investors.

These holders are not liquidating their positions, and their support could help drive the price of ADA to higher levels, possibly reaching $0.85.

Cardano whales are making aggressive purchases

Whale addresses have been actively accumulating ADA at current prices, indicating confidence in a potential recovery. Over the past week, addresses holding between 100 million and 1 billion ADA have purchased more than 240 million tokens, valued at over $175 million.

This significant accumulation by whales indicates their belief in the long-term value of Cardano and the likelihood of a price increase.

The accumulation of ADA by these large investors shows strong conviction in the future performance of the asset. This behavior suggests that whales are positioning themselves for a possible recovery, and their support could provide the necessary momentum to help Cardano break key resistance levels.