Cardano was trading at $0.275 at the time of writing, down 2.7% over the past 24 hours. The token has lost roughly 71% over the last six months, falling from around $0.90 to its current range. Even with that extended decline, large holders have continued adding to positions rather than stepping back.
ADA now sits near the midpoint of its weekly range between $0.2581 and $0.3004. The token is up 6.5% over the last seven days, but it remains down 25% over 30 days and more than 60% from a year earlier. CoinGlass data showed $339 million in 24-hour trading volume, down 6.6%, while open interest also edged lower. That combination points to fading speculative activity during consolidation.
Whales and sharks accumulated 819.4 million ADA during the decline
According to on-chain analytics firm Santiment, Cardano addresses holding between 100,000 and 100 million ADA accumulated 819.4 million ADA over the past six months. At current prices, that buying is worth about $213.9 million.
During the same stretch, ADA dropped from around $0.90 to roughly $0.26. Rising whale exposure during a falling market is often read as a sign of long-term accumulation, showing that larger market participants see value at lower levels. Still, accumulation by itself does not confirm a reversal. The chart needs to show that shift.
The ecosystem has also kept moving. The report said the Midnight privacy chain is close to launching on mainnet. Institutional participation has also increased, with Grayscale Investments raising its ADA position, while ADA has been approved as loan collateral on Coinbase. Futures listings and ETF filings are also expanding access through more established market channels.
Support holds at $0.25 to $0.26, while $0.30 remains the level to clear
On the daily chart, Cardano is still in a multi-month downtrend marked by lower highs and lower lows. Price remains below both the 20-day moving average and the 50-day SMA, with the 50-day average near the $0.27 to $0.28 area acting as dynamic resistance. Until ADA reclaims that zone, sellers retain structural control.
Bollinger Bands have tightened, showing a drop in volatility. A squeeze like this often comes before a sharp move, though the direction is not known until price breaks. The relative strength index has recovered from below 30 and is now in the upper-30s to low-40s, a sign that selling pressure has eased, but momentum has not turned bullish.
On the downside, the $0.25 to $0.26 area has acted as firm support, with repeated reactions showing buyers are still defending it. If that zone breaks on strong volume, the next downside level mentioned in the report is the psychological $0.20 mark. On the upside, resistance is concentrated in the $0.29 to $0.30 range, where the mid-Bollinger band and prior rejection points converge. A decisive move above $0.30 would change the short-term structure and put $0.32 into view.