Altcoins News
By Maheen Hernandez
1 / 15
Cardano is once again drawing attention from large-scale investors. In just 48 hours, over 120 million ADA tokens have been scooped up by whales, indicating one of the most…
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Although Cardano has yet to break out of its long-term wedge pattern, this recent activity among institutional buyers and leveraged traders is beginning to reshape sentiment…
3 / 15
Strong Buy Signals Emerge in Futures and Spot Markets
4 / 15
Several key market indicators support the idea that whale accumulation is more than just a passive investment strategy.
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The Cumulative Volume Delta (CVD) over the past 90 days also continues to climb, confirming consistent buying pressure.
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Another important metric, the OI-Weighted Funding Rate, recently turned positive, sitting at +0.0109% at the time of reporting.
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Short Sellers Face Liquidations as Price Nudges Higher
8 / 15
As buying pressure increased, short sellers found themselves caught off guard. According to liquidation data, short positions worth over $251,000 were wiped out in recent…
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This kind of squeeze event is often seen in early breakout scenarios, where large inflows of capital trigger stop-losses and margin calls for short traders, compounding the…
10 / 15
ADA Tests Resistance Near Wedge Pattern Breakout
11 / 15
At the time of writing, Cardano is trading around $0.7242, brushing against the upper boundary of a long-standing falling wedge pattern.
12 / 15
Several technical indicators point to building strength. The MACD (Moving Average Convergence Divergence), a momentum indicator, is showing early signs of a potential reversal.
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Still, traders remain cautious, as the wedge pattern is technically intact until a confirmed breakout with high volume occurs.
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What makes this round of whale accumulation noteworthy is the broader context in which it’s happening.
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In past cycles, similar behavior has often preceded stronger, sustained rallies. If accumulation continues and price action confirms a breakout, ADA could begin a new uptrend…
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