🚨🔥 Whales Fuel ADA Comeback — Cardano Rebounds on Renewed Optimism
Cardano is back in the green, trading around $0.88 after bouncing from key support. Data from Santiment shows a major wallet accumulated ADA during recent dips, signaling strong investor confidence. Rising financing rates and derivatives metrics further support a recovery.
Whale Activity Drives the Rally
From Tuesday to Thursday, whales holding 10M–100M ADA amassed 130M tokens.
Mid-tier wallets (100K–10M ADA) shed ~20M tokens during the same period.
Early whale buyers capitalized on the dip, while others may have capitulated.
Derivatives Show Strength
OI-Weighted Funding Rate on Coinglass rose to 0.0072%, indicating longs paying shorts and fewer traders expecting ADA to fall.
Price Outlook
Cardano broke $1 on Aug 14 (+20% last week) but retested support at $0.84 on Tuesday.
After recovering 4% on Wednesday, ADA trades around $0.88.
Next target: $1 psychological level, with $0.84 acting as key daily support in case of a pullback.
Whales are signaling confidence, and derivatives data suggest momentum could continue — ADA bulls are back in control.
