ADA is still trading near depressed levels, yet large holders keep tightening their grip on supply. On-chain analytics platform Santiment said wallets holding at least 1 million ADA now collectively own 25.11 billion tokens, the highest level since 2017. Those wallets account for 67.49% of total ADA supply, reflecting the strongest accumulation seen over the past two years.
The latest market snapshot puts ADA at $0.24, with a market capitalization of about $8.89 billion and $329 million in 24-hour volume. Supply stands at more than 37 billion ADA. Against its all-time high of $3.09, the token remains down 92%.
Short-term focus stays on the $0.2545 resistance
Analysts reviewing recent ADA charts have pointed to a similar near-term setup. As long as price action remains tied to the $0.2371-$0.2365 support area, short-term attention is likely to stay on $0.2545. If current positions hold, the odds of a push toward that level improve. Even so, analysts described such a move as more consistent with a short-term trend than with confirmation of a broader reversal.
Weekly chart shows a triple bottom zone around $0.22-$0.25
According to analysis from Crypto With Gopal, ADA’s weekly chart is forming a triple bottom inside the broad $0.22-$0.25 support band. Similar lows already appeared in 2023 and 2024, and the emergence of another base in the same region has been read as a sign that selling pressure is easing. If sellers fail to force a breakdown below that zone, the next major upside reference is the bearish trendline near $0.40.
The same weekly view places later resistance areas at $0.60-$0.70, followed by $1.20-$1.30, provided ADA remains above current support.
Treasury proposal opens a new governance dispute
Price is not the only issue drawing attention across the Cardano ecosystem. Strike Finance has proposed withdrawing 75 million ADA from the Cardano treasury in an effort to improve the use of on-chain funds. The proposal has triggered renewed debate around the protocol’s governance model, especially as parts of the community have faced criticism over a lack of recent innovation.
Separate weekly chart analysis from Val Me suggests ADA may either rebound sharply from current levels or revisit the $0.225 lows before recovering. In either case, if support remains intact, the $0.55 area is being watched as a key level. The market is centered on one immediate question: whether ADA breaks out of its current consolidation range to the upside or to the downside.