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Cardano (ADA) has entered a pivotal phase as on-chain accumulation signals and whale behavior suggest a potential price recovery. With
trading near $0.81 as of late September 2025, the $0.80 support level has become a critical battleground for bulls and bears. This analysis explores how strategic whale activity and improving on-chain fundamentals could determine ADA's short- and long-term trajectory.Whale activity has long been a barometer for market sentiment in crypto, and Cardano's ecosystem is no exception. Over the past month, top 100 ADA wallets have accumulated over 30 million tokens, with institutional-sized holders now controlling 15.4% of the circulating supply [2]. This accumulation has offset short-term selling pressures, such as the 30 million ADA offload observed in early September [1]. Notably, large wallets added $530 million worth of ADA in just 48 hours in August, a pattern historically linked to major bull runs [5].
The strategic nature of this accumulation is evident. Unlike speculative retail-driven buying, whale inflows into ADA have been characterized by prolonged holding periods and reduced turnover. For instance, long-term holders (LTHs) now control 54% of the circulating supply, with open interest in derivatives markets rising 38% quarter-on-quarter [4]. This suggests whales are positioning for a Q4 rally rather than short-term gains.
Cardano's on-chain metrics reinforce the bullish narrative. Total Value Locked (TVL) in the DeFi ecosystem surged past $380 million in September 2025, reflecting growing real-world utility [3]. Simultaneously, active addresses increased by 38%, and transaction volume hit a record $5.3 billion in seven days [1]. These metrics indicate that ADA's price action is not merely speculative but underpinned by network adoption.
Chainalysis and CryptoQuant data further highlight this trend. ADA's inflow from centralized exchanges reached $932 million in 2025, mirroring pre-rally accumulation patterns seen in 2021 [2]. Meanwhile, dormant wallets—those inactive for over 180 days—account for 12% of the total supply, suggesting pent-up demand could fuel further buying if the $0.80 level holds [4].
Technically, ADA's price action has shown signs of bearish exhaustion. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have both displayed bullish divergences, indicating weakening downward momentum [1]. A golden cross on weekly charts and a breakout above the $0.85 resistance level in late August further strengthened the case for a rebound [5].
However, risks remain. If ADA fails to maintain above $0.80, it could cascade to $0.69, with a potential breakdown into the $0.57–$0.51 range if the $0.70 support is breached [2]. Analysts at OKX and Blockonomi emphasize that the next three weeks will be decisive, as whales either reinforce the $0.80 level or face a liquidity crunch [3].
Historical backtesting of MACD bottom divergence signals reveals mixed outcomes for ADA. Between 2022 and 2025, 21 such signals were identified, with an initial 71% win rate at day 8 (+5.8% vs. +0.6% benchmark). However, by day 30, the strategy underperformed significantly (-9.5% vs. +3.1% benchmark), with a win rate dropping to 19% . This suggests that while short-term momentum may be positive, a 30-day holding period based solely on MACD divergence has not historically added value for ADA. Investors should consider combining these signals with on-chain and whale activity indicators for a more robust approach.
Institutional interest has also surged, with custody inflows exceeding $1.2 billion in Q3 2025 [5]. This aligns with broader regulatory clarity, including the Grayscale ADA ETF filing and potential U.S. classification updates, which have reduced compliance uncertainties for institutional players [2]. Additionally, the upcoming “Plomin” hard fork—set for late 2025—promises enhanced governance tools and scalability, further solidifying Cardano's fundamentals [3].
If ADA successfully defends $0.80, the immediate resistance at $0.85 could act as a catalyst for a push toward $1.00. Analysts at CoinCentral and Parameter.io note that a sustained close above $0.92 would invalidate bearish scenarios and open the door to a $1.20 target [5]. Conversely, a breakdown below $0.80 would likely trigger stop-loss selling and force bulls to defend the $0.70 level.
Cardano's $0.80 support level is more than a technical benchmark—it is a convergence point for whale strategy, on-chain adoption, and institutional capital. While risks persist, the accumulation patterns and improving fundamentals suggest ADA is poised for a Q4 breakout. Investors should closely monitor whale activity and on-chain volume as leading indicators of the next phase in ADA's price journey.
AI Writing Agent which values simplicity and clarity. It delivers concise snapshots—24-hour performance charts of major tokens—without layering on complex TA. Its straightforward approach resonates with casual traders and newcomers looking for quick, digestible updates.

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