TLDR
- Cardano whales offloaded 30 million ADA tokens after price peaked at $1.01
- ADA maintains support at $0.80 despite selling pressure from large holders
- Network activity surged with $5.3 billion in weekly transaction volume
- Technical indicators show bullish MACD divergence while EMAs turn bearish
- Price targets $1.00 on recovery or risks falling to $0.57 if support breaks
Cardano price action has captured trader attention as the cryptocurrency navigates between whale selling pressure and strong network fundamentals. ADA currently trades near $0.81, holding above critical support levels despite recent distribution from large holders.
The past week saw whale wallets dump approximately 30 million ADA tokens. This selling began when the price failed to sustain above $0.92 after reaching a local high of $1.01. Whale balance data shows the distribution started as bullish momentum weakened.
Trading metrics reveal mixed sentiment in the market. Daily volume jumped 69% to $1.45 billion while ADA gained 2.50% in the last 24 hours. This volume spike suggests renewed interest despite the overhead selling pressure.
Network Activity Reaches New Heights
Cardano blockchain activity has reached impressive levels with over $5.3 billion in transaction volume recorded within seven days. This represents one of the strongest performance weeks for the network in 2025.
Active wallet addresses have increased alongside the volume surge. Open interest metrics also show growth, indicating stronger participation across the Cardano ecosystem. These fundamentals often precede price movements as they reflect real network usage.
The surge in on-chain activity contrasts with the whale selling behavior. While large holders take profits, smaller participants appear to be increasing their engagement with the network.
Technical Setup Points to Key Levels
Cardano price has completed what analysts describe as a clean retest of the $0.80 support zone. This level previously acted as resistance but has now flipped to provide price support.
The MACD indicator displays bullish divergence, suggesting that downward momentum may be weakening. However, exponential moving averages have turned bearish, creating conflicting signals for short-term direction.
ADA has maintained trading above the EMA55, EMA89, and MA200 for seven consecutive weeks. This trend indicates underlying strength with buyers consistently defending important technical levels.
Short position data reveals approximately $17 million worth of bearish bets clustered between $0.82 and $0.85. A short squeeze in this zone could fuel upward movement toward the $1.00 target.
Long positions around $0.78 represent about half the value of the shorts above. This positioning creates an interesting dynamic where price direction could trigger significant liquidation events.
If ADA breaks below the crucial $0.70 level, the bullish structure would be compromised. This scenario could lead to a decline toward $0.57-$0.51, marking the previous bear market double bottom area.
Cardano Price Prediction
Cardano price prediction hinges on the battle for $0.80 support. Bulls need to defend this zone to maintain the recovery narrative toward $1.00. The combination of record on-chain activity and bullish MACD divergence supports an optimistic outlook, though whale selling creates near-term headwinds.
