Cardano Whale Buys & ETF Hopes Drive Bullish Momentum

google-news-img

Top Stories

Key Insights :

  • Whales added over 410 million ADA in April, showing growing confidence.
  • Spot ETF rumors are driving renewed bullish momentum around Cardano.
  • ADA’s technical setup indicates a potential rally toward the $3 mark.

A surge in Cardano (ADA) accumulation by large holders has sparked renewed interest across the market. According to market analyst Ali, whales bought over 410 million ADA in April 2025, marking a significant increase in demand.

This accumulation comes as traders speculate on the possible launch of a Cardano spot ETF. This may serve as a primary key driver for price growth.

Whale Accumulation Signals Investor Confidence

Market analyst Ali reveals through his data that whale investments in Cardano exceeded 410 million ADA throughout April 2025.

Several ADA addresses holding 10 million to 100 million ADA saw a notable balance increase over the month. This signals growing accumulation among large holders, potentially indicating bullish sentiment.

cardano price
Source: X

Whale ownership of Cardano has been consistently rising, which demonstrates enhancing investor faith in the platform’s enduring value. Price movements that increase strongly tend to follow accumulation patterns by whales in the market.

During this period, the ADA price showed a minor price recovery. This proved that the market direction is starting to be driven by buying activity.

Institutional investors and high-net-worth groups are making large-scale acquisitions of ADA. This suggests early signs of a price expansion that could persist despite market volatility.

Technical Structure Resembles 2020 Rally

The extended ADA/USD data shows continued bullish growth through its strong pattern of price accumulation. Two substantial market consolidation periods appear in the first part of 2020 and continue developing from 2024 to 2025.

The two price zones maintain comparable movements toward consolidation until they attempt breakouts from their boundaries.

cardano price
Source: X

A similar pattern during the previous months created a multi-month rally that drove ADA beyond $3. A similar pattern is developing where the price continues to sustain itself inside the green support band as it forms higher consecutive lows.

Technical analysts use a historical comparison to predict an upcoming breakout based on the sustainability of the present framework. Strong market support for Cardano and overcoming recent resistance levels could pave the way for a sustained upward trend.

If momentum holds, ADA may enter an extended growth phase. Sources in the market believe a spot ETF launch would boost the pace of this trend ahead.

Short-Term Momentum Builds Toward $0.74

Short-term trading analysis of ADA/USDT displays purchasing momentum throughout three-hour periods.

The bulls now control the market based on multiple confirmed Break of Structure and Change of Character points. ADA keeps forming higher highs and higher lows, strengthening its momentum.

cardano price chart
Source: X

Cardano shows strong trading activity between $0.7034 and $0.74, where buyer interest increases after crossing key resistance. ADA’s recent price action bounced off the $0.6741 support zone, signaling potential upward movement.

This could mark the start of renewed bullish momentum based on previous trends. The market currently monitors two essential support areas, at $0.6741 and $0.6327. ADA requires above $0.7034 to maintain upward price momentum while aiming to reach $0.74.

Cardano Sentiment and Open Interest Point to Growing Bullish Momentum

MarketProphit data reveals growing optimism around Cardano. Retail investors show a sentiment score of 0.78, while institutional investors register 0.37, highlighting overall positive momentum.

The data reveals that institutional smart money activity shows growing interest in Cardano, achieving a score of 0.37.

cardano price index
Source: X

Retail and institutional investors are showing growing confidence in ADA’s short-term performance. Their shared signals reinforce optimism about the token’s future value potential.

Furthermore, ADA open interest has also surged 7.64% to $377.1, reflecting a surge in capital entering Cardano markets.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Ad

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

Read More

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.