Cardano Gains 40% Since April, Whales Accumulate 410 Million ADA

Cardano, a prominent cryptocurrency, is currently trading just below the $0.75 mark, having consolidated after a recent upward move. Despite facing resistance at this level, market sentiment is shifting in favor of the bulls. Price action indicates strength, supported by a gradual increase in volume and reduced selling pressure from short-term holders. This suggests that a breakout could be imminent if the price pushes above the current range.

One of the most compelling signals of a potential rally comes from on-chain activity. According to top crypto analyst Ali Martinez, whales accumulated over 410 million ADA throughout April—a decisive vote of confidence from large holders. Historically, such aggressive whale accumulation has often preceded major price moves in Cardano. This growing interest among institutional and high-net-worth investors could help fuel the next leg up for ADA, especially if broader market conditions remain favorable. With the crypto market heating up again and Bitcoin pushing toward new highs, altcoins like Cardano may soon follow. All eyes are now on whether ADA can reclaim $0.75 and build momentum for a sustained rally.

Cardano has quietly gained over 40% in value since its early April lows, reclaiming a key place in the spotlight as bullish momentum builds. Currently consolidating below the $0.75 resistance, ADA has shown resilience amid broader market uncertainty and macroeconomic headwinds. While financial markets remain on edge due to trade tensions and recession fears, the crypto space has found renewed energy, and Cardano appears to be one of the beneficiaries. For ADA, the key lies in holding current support levels and making a clean push above resistance. A breakout above the $0.75–$0.80 range could open the door to a strong rally, potentially targeting psychological levels like $1.00 if the broader market cooperates. This bullish outlook is reinforced by compelling on-chain data.

Martinez shared data revealing that whales accumulated over 410 million ADA in April alone, a clear sign of growing confidence among large holders. Historically, such accumulation patterns have preceded strong upward movements for Cardano. The scale of buying in recent weeks signals that influential players are positioning for a continuation of the rally. As Bitcoin and Ethereum push into higher levels, altcoins like ADA are poised to follow. If Cardano can reclaim higher ground and sustain momentum, it could soon emerge as a leader in the next phase of the market cycle.

Cardano is currently trading at $0.69 after several days of tight consolidation between the $0.67 support and the $0.75 resistance zone. Despite market-wide volatility, ADA has managed to maintain its footing above the key $0.66 level — a support that continues to preserve the bullish structure in the short term. To confirm a full-fledged rally, bulls must reclaim the 200-day moving average (MA) around $0.77. This technical level has acted as a ceiling since the last major pullback and now serves as the primary upside hurdle. A successful break above it could ignite fresh buying momentum and open the path toward the $0.85–$0.90 range. Until then, ADA remains in a neutral-to-bullish zone. The $0.66 support is critical — a breakdown below it could flip short-term sentiment and invite deeper corrections toward the $0.60 region. However, holding this level would maintain a higher-low structure and signal underlying strength.

Ask Aime: "Will Cardano Break Through $0.75 and Lead the Crypto Rally?"

With the broader crypto market showing signs of recovery, Cardano’s ability to hold support while gradually pressing against resistance could set the stage for a breakout. Traders are closely watching volume and price reaction near the $0.75–$0.77 zone to confirm the next major move. The growing interest among institutional and high-net-worth investors, coupled with the historical significance of whale accumulation, suggests that Cardano is poised for a potential rally. The next few weeks will be crucial in determining whether ADA can sustain its momentum and break through key resistance levels, potentially leading to a significant upward movement in the cryptocurrency market.