Cardano Whale Buying Surges as ADA Gains 1.6% in 24 Hours

Generated by AI AgentCoin World
Monday, Aug 11, 2025 6:04 am ET1min read
ADA
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Aime RobotAime Summary

- Cardano (ADA) saw over 200M tokens accumulated by whales in 48 hours, coinciding with a 1.6% 24-hour price rise to $0.8219.

- Analysts note bullish patterns mirroring past cycles, while ecosystem upgrades like Hydra scaling and NIGHT token airdrops boost adoption potential.

- Technical indicators show RSI at 63 with key moving averages signaling "Buy," but cooling market activity and declining volume raise short-term uncertainty.

- A $0.8332 breakout could target $0.88-$0.92, though failure to hold above $0.78 risks retesting critical $0.75 support levels.

Cardano (ADA) experienced a surge in whale activity as over 200 million tokens were accumulated within a 48-hour period, signaling growing institutional or large investor interest. This buying pressure coincided with a 1.6% rise in ADA’s price over the last 24 hours and a 12% increase in the past week, with the token trading at $0.8219 at press time [1]. Analyst Ali Martinez has highlighted that the current price structure closely mirrors patterns seen during Cardano’s previous bull cycles, albeit at a slower pace, suggesting the early stages of a potential breakout [1].

Ecosystem developments are also playing a role in building momentum. On August 5, the Midnight Network launched a NIGHT token airdrop, which targeted 30 million wallets across multiple blockchains, with 470 million tokens already claimed. This initiative is expected to deepen user engagement and reinforce long-term holder commitment. Just days later, on August 8,

Cardano
released a key update to its Hydra scaling protocol, aimed at improving transaction throughput and overall network efficiency. These upgrades are seen as critical for enhancing adoption and on-chain utility [1].

From a technical standpoint, Cardano remains in bullish territory. The RSI is currently at 63, indicating a positive trend without reaching overbought conditions. Major moving averages across all timeframes—from the 10-day to the 200-day—suggest a “Buy” signal. Short-term EMAs (10–50) have also moved above key support levels, reinforcing the strength of the upward trend [1]. A breakout above $0.8332 could open the door to a move toward $0.88, with further gains potentially reaching $0.92 if the rally sustains.

However, market activity has shown some signs of cooling. Daily trading volume fell by 3.6% to $1.29 billion, and futures volume dropped 10.22% to $2.25 billion, according to CoinGlass data. While open interest rose slightly by 0.42%, the decline in spot trading suggests that some traders are holding positions amid lower short-term volatility [1]. Should

ADA
fail to hold above $0.78, it could retest the $0.75 support level, historically a key area for price stabilization.

Source: [1] Cardano Price Past Bull Run Whales Buy ADA 2025 (https://crypto.news/cardano-price-past-bull-run-whales-buy-ada-2025/)