In recent days, Cardano (ADA) has experienced notable shifts—driven by key developments from insiders and whales. Cardano founder Charles Hoskinson proposed converting $100 million from the Cardano treasury into stablecoins and Bitcoin to boost DeFi activity—sparking a ~4% drop in ADA price and raising attention toward ecosystem liquidity and sustainable yield .
On the supply side, whales have been quietly accumulating—310 million ADA moved since early June—signaling confidence ahead of a potential triangle‑pattern breakout. However, open interest in ADA derivatives has declined by over 7%, indicating short‑term trader hesitation .
What this means for traders:
A dip near $0.60 offers a possible entry, backed by stablecoin‑driven ideas and whale accumulation.
A decisive breakout above the triangle resistance could target $0.84+.
But volatility may remain elevated until treasury conversion and DeFi traction become clearer.
Stay alert to treasury updates and on‑chain signals—these could shape ADA’s next move.
