The ADA coin is attracting savvy investors’ interest, according to a revelation disclosed by market analyst Ali Martinize. As per the data shared today on the X platform, large investors, popularly recognized as whales, have purchased over 10 million ADA tokens over the past 72 hours. This accumulation trend occurs against the background of the corrective momentum of Cardano (ADA) prices, making the situation interesting for crypto market enthusiasts.
Today, at press time, Cardano trades at $0.2476, after seeing a slight rise of 0.7% over the past 24 hours. Together with that, its price has been down 0.4% and 0.2% over the past week and month, respectively, showing its consolidation.
Cardano In The Accumulation Phase
Today, well-recognized analyst Ali Martinez disclosed on the X social media that in the last three days, large ADA token holders bought assets valued at more than $10 million, indicating increased enthusiasm among investors amidst the asset’s market dip. Traditionally, such huge token accumulations often lead to price surges, showing rising confidence and hinting at a potential bullish trend for Cardano. The ongoing whale activity signals a shift towards bullish sentiment, pointing out that major market participants see promise in the crypto’s future.
On-chain data shows that ADA is silently doing something intriguing. As its price trades around $0.2476 today, CoinMarketCap metrics show a significant increase in the asset’s trading volume and market cap, indicating strong buying activity across both spot and futures markets. Its daily trading volume rose to $275.9 million against a $9.2 billion market cap, pointing out a strong participation ratio, showing a growing order book.
ADA Could Rise To $2: Analysis
From a technical analysis perspective, the weekly chart shows Cardano appears in the formation of a bullish fractal pattern, a structure that traditionally brings significant breakout, often seen in major growth crypto assets.
This similar pattern made ADA record massive gains of over 100% surges in two weeks during the post-election rally of 2024/2025. During that time, ADA was trading at $0.2516, and the bullish pattern formation enabled its push to the $2 mark, representing a 695% rise. The similar price pattern suggests that Cardano is currently preparing for an imminent breakout in the coming weeks.