Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Cardano (ADA) price is flying under the radar amid growing accumulation by large-holders (“whales”) and a technical formation that traders seldom ignore, a symmetrical triangle. Related Reading Is The Dogecoin Bull Run Over? Analyst Predicts When DOGE Rallies Again 12 hours ago
With ADA currently trading around $0.66, after briefly reaching $0.69 earlier in the week, the stage appears set for a breakout, or a breakdown. Analysts suggest that if the bullish scenario prevails, ADA could target $1 and beyond, potentially even reaching $5 or more in a longer-term move. Whale Accumulation Signals Long-Term Confidence
Despite short-term price softness, on-chain data reveal that wallets holding large quantities of ADA are steadily increasing their positions.
According to recent reports, wallets with 100,000 ADA tokens have been accumulating over the past six weeks, even while retail demand remains lukewarm. This accumulation is taking place as ADA forms a low-volatility consolidation, such behaviour often precedes major market moves.
The divergence is noteworthy. While Open Interest and spot cumulative volume delta (CVD) remain weak, signaling limited retail/speculator engagement, whales are quietly buying the dips.
Enthusiasm among large-holders suggests confidence in ADA’s fundamentals and plays into the bullish thesis that this accumulation could underpin a powerful move once the technical breakout triggers. Symmetrical Triangle Breakout Offers Route to Major Upside
Technical analysts highlight that ADA has been trading within a symmetrical triangle pattern, a convergence of support and resistance trendlines, typically signalling a buildup of tension before a decisive move.
The crucial support near $0.61 and resistance roughly at $0.70–$0.75 mark the boundaries of this formation. A decisive breakout above the upper trendline could unlock a rally toward $0.80–$0.85, and potentially beyond $1.70 per some projections.
Conversely, a breakdown below the support would invalidate the bullish setup and could see ADA revisit $0.55 or lower. Given the whale accumulation underway, the bullish scenario currently seems favoured, but traders must still watch for confirmation.
ADA"s price trends sideways on the daily chart. Source: ADAUSD on Tradingview Bottom Line
The question now gaining traction is: could ADA eventually hit $5? While the immediate target may be around $1 to $2, some longer-term models based on Fibonacci extensions and structural breakout maths place significantly higher levels on the table. Related Reading Bitcoin And Crypto Market Set To Bounce As Rate Cut Probabilities Touch 98.3% 13 hours ago
If ADA converts supply zones into support and elevates its on-chain narrative, the powerful combination of whale positioning + breakout could carry it much higher.
Cover image from ChatGPT, ADAUSD chart from Tradingview