ADA whale accumulation don reach records, but price structure still dey bearish
Cardano (ADA) dey show record kain whale accumulation: Santiment data wey dem quote for report talk say wallets wey get 1M+ ADA now control about 25B ADA, di highest since late 2017, represent over 67% of circulating supply.
Even though e dey show bullish positioning, article dey stress short-term weakness. ADA dey trade near support around $0.22, get triangular price compression. MACD still dey dominated by sellers, and CVD dey point to continued net selling after roughly 29.62M ADA dem cash out.
On-chain activity no dey keep up. Cardano TVL don drop to about $148.75M, and stablecoin market cap only rise small (~+12% to ~$52.15M). Active addresses and transactions still remain limited.
For traders, wetin dem suppose watch na whether ADA fit flip resistance near ~$0.28 into support, while liquidity improve together with real network usage. Without that confirmation, the whale accumulation likely be long-term tailwind rather than immediate reversal catalyst for ADA.
Neutral
Whale dem di dey accumulate ADA na long-term good sign, but di report technical and activity indicators still dey bearish for short term. Dis mismatch matter for traders: if price structure and on-chain use no confirm, whales holding record plenty fit no turn to immediate buying pressure. Short term: seller-controlled MACD, ongoing net selling (CVD), and price dey consolidate near ~$0.22 increase chance say market go retest recent lows. Medium term: any upside move likely need ADA make resistance around ~$0.28 become support and see real demand improve broadly (TVL stabilize/go up, active addresses and transactions increase). If those catalysts fail, market fit continue price ADA as weak despite whale accumulation. So, net effect on ADA better make people see am as neutral: constructive positioning, but bearish structure until key confirmations show.