Cardano (ADA) has recently tested a key support level above $0.33 twice this year. This major altcoin, with a fully diluted valuation of approximately $15 billion, has been moving in a downward trend since the start of 2025.
Nevertheless, the downward pressure on ADA’s price has decreased significantly in the last few months. Additionally, cryptocurrency traders are expecting a bullish recovery in 2026 driven by capital shifting from the precious metals sector and a clearer regulatory environment.
Cardano Whales Accumulate as Retail Investors Sell
Based on onchain data analysis from Santiment, wallets holding between 100k and 100 million ADA have accumulated 454.7 million ADA in the past two weeks, totaling over $161 million. On the other hand, wallets with less than 100 ADA have sold 22k ADA in the last three weeks, valued at around $7,810.
Source: X
Historically, Santiment data has indicated that increased demand from whale investors alongside retail selling pressure is a positive sign for the asset’s future performance.
What’s Next for ADA Price?
From a technical analysis perspective, the ADA/USD pair is currently testing a weak support level around $0.34. With Bitcoin (BTC) and Ethereum (ETH) leading the broader altcoin market in a bearish trend, ADA’s price may experience further decline before forming a reversal pattern.
In the weekly timeframe, ADA/USD recently retested a downside breakout of an upward trend. Therefore, ADA’s price might revisit the $0.27 support level before making a move towards a new all-time high.
