Cardano (ADA) hasn’t been having the easiest time lately when it comes to price boosts, which has kept it from fully bouncing back. But, interestingly, even without major upward movement, ADA has managed to maintain a slight uptrend. This mini-rally seems to be thanks to a solid group of committed investors who are sticking with it.

These aren’t your typical panic-sellers. These holders are keeping their ADA, not cashing out. Their steadfastness is like a foundation, potentially setting the stage for ADA to climb higher, maybe even reaching that $0.85 mark we’ve been watching.

Cardano Whales Move To Buy

Big players, often called “whales” in the crypto world, have been busy scooping up ADA while prices are lower. This is a strong signal! It’s like they’re saying, “We believe in Cardano’s comeback.” Just in the past week, addresses holding massive amounts—between 100 million and 1 billion ADA—have grabbed over 240 million more ADA. That’s a whopping $175 million+ investment! This kind of large-scale buying from whales suggests they really think Cardano has long-term potential and that the price is likely to go up.

When these major investors accumulate ADA like this, it shows serious belief in its future. Think of it as a vote of confidence. They’re positioning themselves for a potential price turnaround, and their support could be exactly what Cardano needs to push through some tough resistance levels. It’s like they are providing a powerful tailwind for ADA’s sails.

Even though the broader market might feel a bit shaky right now, Cardano’s bigger picture (or “macro momentum,” as they say) is showing encouraging signs. Consider the “Mean Coin Age” – it’s like tracking the average age of all the ADA coins out there. This metric has been steadily climbing. What does this mean? It suggests that long-term holders, the folks who believe in Cardano for the long haul, aren’t selling. They’re actually holding onto their ADA coins, and for longer periods. This really reflects a feeling of optimism among these long-term believers that Cardano’s price will recover.

This increase in Mean Coin Age basically tells us that many investors are confident in Cardano’s future prospects. They’re clearly not tempted to sell off their holdings even during the current market dips. This kind of solid belief from long-term holders provides significant support for ADA and could act as a buffer against any sharp price drops. It’s like a safety net built on conviction.

ADA Price Remains Subdued

Good news: Cardano’s price is up by 6% in the last day! However, this upward tick hasn’t been quite enough to break through a really important barrier: the $0.77 resistance level. Despite this recent positive movement, ADA is still struggling to overcome this hurdle, which is necessary to really confirm that it’s on the path to recovery. Think of it as needing to clear this level to signal a stronger comeback.

But, putting it all together – the strong investor support and the whale accumulation we talked about earlier – suggests that Cardano *could* actually break through that $0.77 resistance and potentially climb to $0.85. This $0.85 level is key for kicking off a real recovery rally for ADA. If it can successfully break through, we might see sustained positive momentum in the near future. It’s like the gateway to a more significant upward trend.

On the flip side, if Cardano can’t manage to push past that $0.77 ceiling, it’s likely to just keep bouncing around above the $0.70 support level. In this situation, ADA would remain vulnerable to a possible dip down to $0.62. This could extend the period of price consolidation and delay any real, meaningful recovery. It’s a scenario where the price might just tread water for a while longer.