Cardano (ADA) whales purchased more than 220 million tokens worth roughly $53M over the past week, lifting total large-wallet holdings to nearly 13.84 billion ADA, yet the price remains stuck below the critical 50-day exponential moving average at $0.275.
ADA Whale Accumulation
On-chain data shows large holders steadily absorbed supply rather than chasing short-term price moves. The buying pattern points to deliberate base-building, not reactive speculation.
That accumulation has tightened available liquidity on exchanges and reduced immediate sell-side pressure.
Still, ADA traded near $0.24 at the time of writing, unable to reclaim the 50 EMA that has capped recovery attempts.
Resistance at $0.335 adds another ceiling, while a prior rejection from $0.424 confirms persistent selling at higher levels.
The Directional Movement Index painted a mixed picture. The -DI reading sat at 26 versus +DI at 20, meaning sellers held a slight edge. But ADX registered just 12, a level that signals the bearish trend lacks real conviction.
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Derivatives Positioning
On Binance, top traders showed strong long bias, with 67.21% of accounts positioned long and a Long/Short Ratio of 2.05 as of writing. CoinGlass data revealed the open-interest-weighted funding rate had flipped positive to roughly 0.0062%, confirming that long positions now dominate derivatives flows.
That crowded positioning creates a fragile setup.
If price fails to break above resistance, overextended longs face liquidation risk. A move higher, however, could trigger accelerated buying.
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