The post Cardano Whales Grab 348M ADA After Price Dips Below $0.50 appeared on BitcoinEthereumNews.com.

Key Insights: Cardano whales added 348M ADA in 4 days, following the price dip under $0.50. ADA bounced after testing the FVG zone, with bulls holding above the $0.55 support. Traders are now watching the $0.62 level, as equal highs may trigger the next breakout. Cardano Whales Grab 348M ADA After Price Dips Below $0.50 Large holders have increased their positions in Cardano after the price fell below $0.50 last week. Data from Santiment shows that wallets holding between 100,000 and 100 million ADA accumulated a total of 348 million ADA over the past four days. This buying accounts for 0.94% of the total supply, estimated at around $204.3 million. The rise in holdings can be seen in the chart as both the total coin count and the share of supply controlled by these wallets moved higher. The activity follows a period of decline and suggests that key stakeholders have responded to the recent price drop by adding to their positions. Clean Bounce After Fair Value Gap Test After a break of structure (BOS), Cardano’s price returned to test a fair value gap (FVG) between $0.5484 and $0.5539. The move was followed by a sharp bounce, and the price is now trading around $0.5898, showing a 2.20% gain in the last 24 hours. The reaction from the FVG zone marked a shift in short-term momentum. “Price tapped the FVG zone and bounced back fast,” noted BullishBanter. Since then, ADA has held above $0.55, which now acts as a near-term support level. Source: BullishBanter/X Traders Eye $0.62 As Next Key Level With price moving steadily higher, attention is turning to the next resistance zone around $0.62. This area includes equal highs from previous price action, which may attract liquidity and limit upside in the short term. A move beyond $0.62 would…

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Filed under: News - @ November 10, 2025 8:36 pm