Cardano Whales Accumulate as ADA Price Defends Key Level

The large-cap altcoin, which carries a fully diluted valuation of roughly $18 billion, has seen selling pressure fade notably since late October, increasing the probability that ADA may be carving out a base rather than extending its downtrend.

Following the sharp crypto market selloff earlier in October, ADA managed to defend the $0.40 level, which has since evolved into a key technical support zone. Price has repeatedly tested this area over the past several weeks without a decisive breakdown, suggesting that buyers are increasingly willing to step in at these levels. As of now, ADA continues to trade just above this support, reinforcing the view that downside momentum is weakening.

Momentum Indicators Point to Seller Exhaustion

Technical indicators support this interpretation. On the 4-hour chart, the Relative Strength Index (RSI) is hovering in the mid-to-high 30s, a range that historically aligns with consolidation and early accumulation phases rather than aggressive selloffs. While the indicator is not yet signaling strong bullish momentum, it does point to exhaustion among sellers.

At the same time, the MACD remains slightly negative but has begun to flatten near the zero line, indicating that bearish pressure is no longer accelerating. This kind of compression often precedes a directional move once price action breaks out of its current range.

Key Resistance Levels to Watch

On the upside, ADA faces near-term resistance in the $0.44–$0.46 range, an area that has capped multiple recovery attempts in recent weeks. A sustained move above this zone would likely confirm a short-term trend shift and could open the door toward the $0.50 psychological level, which previously acted as a consolidation area before the October breakdown.

As long as ADA holds above $0.40, the technical structure favors base-building over continuation to new lows. A loss of this support, however, would weaken the rebound thesis and expose price to a deeper retracement.

Whale Accumulation Strengthens the Bullish Case

Beyond price action, on-chain data adds weight to the rebound thesis. According to Santiment, Cardano whale wallets holding between 100,000 and 100 million ADA have increased their holdings by approximately 26,770 ADA since the beginning of November. In contrast, smaller wallets with balances under 100 ADA have collectively reduced their exposure, offloading more than 44,000 ADA over the same period.

This divergence between large and small holders is a pattern that has historically preceded trend reversals. When retail participants capitulate while larger investors accumulate, available supply tends to move into stronger hands, creating conditions for a more durable recovery.

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