The post Cardano Eyes Breakout as Whales Buy 180M ADA appeared on BitcoinEthereumNews.com.

Whale accumulation of 180M ADA signals strong investor confidence in Cardano’s future. ADA faces resistance at $0.82 as community backing and whale activity intensify. SEC ruling on spot ADA ETF could determine next major price move for Cardano. Cardano (ADA) has grabbed the spotlight following an impressive surge in whale accumulation, paired with renewed community backing and an approaching regulatory decision. Over the past week, large-scale investors commonly referred to as whales have amassed over 180 million ADA, signaling increased confidence in the asset’s future trajectory.  Whales Signal Confidence with Strategic Accumulation Crypto analyst Ali Martinez reported that whales holding between 10 million and 100 million ADA significantly increased their holdings over the past seven days. This surge in accumulation occurred as ADA’s price climbed from around $0.67 to $0.75, reflecting growing optimism among large holders. The influx of whale activity is seen as a strong bullish indicator, especially since similar trends have historically coincided with price uptrends. Martinez highlighted that the $0.82 level poses a significant resistance, while support rests near $0.72. If accumulation continues at the current pace, ADA could potentially break above this resistance.  Conversely, if whales slow down or start distributing, prices may retrace toward the support zone. Regardless, the accumulation trend adds a bullish undertone to ADA’s recent movement. Community Support and Sentiment Remain Strong Besides whale behavior, ADA’s strong community support is reinforcing its market presence. According to TapTools, Cardano ranked second on CoinMarketCap’s community support chart, trailing only Bitcoin.  Out of 4,844 voters, 87% expressed a bullish outlook for ADA just behind Bitcoin’s 87.3% from over 9,400 votes. This overwhelming support adds another layer of positive sentiment. JUST IN: Cardano $ADA now ranks #2 in community support votes on CoinMarketCap—second only to Bitcoin. One of the most community backed assets in the world.…

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Filed under: News - @ May 30, 2025 12:23 am