The number of Cardano (ADA) holders has now reached 4.49 million, surpassing USD Coin (USDC) by more than a million, according to data released by Santiment. This growth places ADA among the most traded digital assets in the cryptocurrency world. At the time of writing, the trading price of Cardano was $0.6376.
■• Whale accumulation and growth in holders support Cardano's long-term strength
According to TapTools, the increasing use of Cardano has attracted long-term whale holders and their interest. Despite minor fluctuations, the total number of ADA holders currently ranges between one million and ten million, at 2,384, a slight increase from the past two days. This group plays a key role in price direction due to its impact on market liquidity.
Recent Santiment data shows that although the number of whales has slightly decreased over the past week, a minor recovery is underway. This change suggests the potential return of accumulation activity, with some high-net-worth investors increasing their positions. Continued whale interest may support future upward price movement.
At the same time, the circulating supply of Cardano is 35.34 billion, with a market cap of $22.64 billion. ADA maintains its position as the tenth largest cryptocurrency by market cap, according to CoinMarketCap.
■• Technical patterns indicate a potential rise towards $1.50
The World Of Charts site on X indicated that Cardano may be preparing for a rise that could push its price towards $1.50. This expectation comes in the wake of recent trading patterns showing ADA consolidating near a resistance area.
A breakout above the $0.707 level could pave the way for higher levels, including $0.731, and potentially $0.777. The Ichimoku cloud indicator on TradingView shows that ADA is trading below the main trend lines, although the future cloud has turned green.
For momentum to turn bullish, ADA will need to reclaim the baseline and close above the cloud. An increase in trading volume and surpassing the resistance level at $0.85 could lead to greater gains in the coming weeks.