Cardano is currently trading just below the $0.75 mark, where it has spent several days consolidating after the recent bullish move. Despite facing resistance at this level, market sentiment appears to be shifting. Bulls are gradually regaining control, and many analysts believe a breakout could be imminent if the price surpasses the current range. Price action is showing strong signs, supported by increasing volume and reduced selling pressure from short-term holders.
One of the most attractive signals for the potential price increase comes from on-chain activity. According to top cryptocurrency analyst Ali Martinez, whales have accumulated over 410 million ADA throughout April—a decisive vote of confidence from large holders. Historically, such positive accumulation by whales often occurs before significant price movements in Cardano.
This growing interest among institutional investors and high-net-worth individuals could help propel ADA's next upward momentum, especially if broader market conditions remain favorable. With the cryptocurrency market heating up again and Bitcoin heading towards new highs, altcoins like Cardano could soon follow suit. All eyes are currently on whether ADA can reclaim the $0.75 level and build momentum for a sustainable rally.
Cardano gathers strength as whales drive accumulation
Cardano has quietly risen over 40% in value since the lows in early April, regaining significant attention as a bullish momentum is forming. Currently consolidating below the $0.75 resistance level, ADA has shown resilience amid overall market instability and macroeconomic headwinds. While the financial markets remain tense due to trade tensions and recession fears, the cryptocurrency space has found new energy, and Cardano seems to be one of the beneficiaries.
For ADA, the key lies in maintaining current support levels and generating a strong push above resistance. A breakout in the $0.75–$0.80 range could open the door for a strong bullish rally, potentially targeting psychological levels like $1.00 if the broader market cooperates. This bullish outlook is reinforced by compelling on-chain data.
Martinez shares data showing that whales have accumulated over 410 million ADA just in April, a clear sign of increasing confidence among large holders. Historically, such accumulation patterns have preceded strong upward moves for Cardano. The scale of buying in recent weeks signals that influential players are positioning themselves to continue the bullish rally.
As Bitcoin and Ethereum rise to higher levels, altcoins like ADA will also follow. If Cardano can reclaim higher ground and maintain growth momentum, it could soon become a leader in the next phase of the market cycle.
ADA price holds steady as Bulls Eye is the key resistance level
Cardano is currently trading at $0.69 after several days of tight consolidation between the $0.67 support and the $0.75 resistance zone. Despite volatility across the market, ADA has managed to maintain its position above the key $0.66 level—a support that continues to uphold the bullish structure in the short term.
To confirm a comprehensive bullish rally, buyers must reclaim the 200-day moving average (MA) around the $0.77 level. This technical level has acted as a ceiling since the last major pullback and now serves as a key bullish barrier. A successful breakout above this level could ignite new buying momentum and pave the way towards the $0.85–$0.90 range.
Until then, ADA remains in a neutral to bullish zone. The $0.66 support level is crucial—a break below this level could reverse short-term sentiment and lead to a deeper correction towards the $0.60 zone. However, holding this level will maintain a higher-low structure and signal fundamental strength.
With the broader cryptocurrency market showing signs of recovery, the ability to hold support for Cardano while gradually pushing against resistance could set the stage for a breakout. Traders are closely monitoring volume and price reactions around the $0.75–$0.77 area to confirm the next major move.