In recent days, the price of Cardano (ADA) has shown signs of life — until now, however, it appears that major holders (“whales”) simply don’t have the trigger to lift the price sharply. Based on the latest analysis from a Vietnamese crypto-news source, here’s a deeper look into what’s driving the current state of ADA and what it suggests for the near future.
Strong accumulation, thin momentum
First off, the positive signal: large wallets that hold 100,000 ADA or more have been increasingly accumulating. This suggests that whales believe in the longer-term potential of Cardano and are quietly adding to their positions.
On the flip side, short-term momentum metrics are weak. Trading volume has dropped, open interest in derivatives is down, and the funding rate remains positive but declining in efficiency. These are all signs that market participants are hesitant to push aggressively.
Technical picture: cautious optimism
From a technical stand-point: ADA recently rebounded from the support region around $0.61, rising to around $0.694 within four days—a respectable gain of ~11.4%. But in the last 24 hours, it corrected about -4%.
A key resistance zone lies between $0.70 and $0.737. For ADA to embark on a meaningful uptrend, that region would need to flip from resistance into support. Until then, trend-followers are advised to remain cautious and lean bearish.
Meanwhile, the Money Flow Index is trending downward, indicating that buying pressure is not yet strong enough to ignite a breakout.
Liquidity map & risk zones
Interestingly, liquidation heat-maps highlight a strong cluster of liquidity around ~$0.745. In other words, if ADA did push toward this level, it could trigger stop-orders or force some short-positions, potentially accelerating a move—but also risking a sharp reversal if the rally stalls.
In simpler terms: even if the coin moves upward, there’s a sizeable “liquidity trap” zone ahead where gains could evaporate and price could reverse quickly.
Why whales alone aren’t enough (yet)
Given all these signals, the article argues that whales accumulating does not automatically translate into a rally right now. The reasons:
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The broader crypto market (for example Bitcoin (BTC)) is currently trading in a region of resistance (around $116,000), which is dragging altcoins like ADA down by extension.
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Market participants appear conservative: low open interest and reduced volume imply fewer new entrants or speculative bets.
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The technical resistance above needs to be overcome convincingly; otherwise, buyers may remain stuck or lose confidence.
Thus, while the fundamentals (for accumulation) are in place, the catalyst for a breakout is missing.
What it would take for a breakout
For ADA to break out convincingly, a few things would need to drop into place:
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A major breakout in Bitcoin (and/or general crypto-market confidence) that raises all ships.
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A surge in volume or open interest (derivative buy-in) that signals new money entering.
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A successful flip of the $0.70-$0.737 zone from resistance into support.
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A rally through the ~$0.745 liquidity cluster with some follow-through rather than a reversal.
Until several of these align, the likelihood is that ADA remains range-bound or drifts modestly, rather than making a rapid spike upward.
Final thoughts
In conclusion: yes, accumulation by large holders is a bullish sign for the medium term. But the near-term trajectory for Cardano is less optimistic. Without a clear catalyst or momentum, the risk is that ADA could stagnate or even slide. Investors should be cautious, maintain discipline, and not assume a sharp upward move is imminent just because whales are buying.
As always: this is not investment advice. Do your own research, consider your risk tolerance, and keep in mind the volatile nature of crypto markets.
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