Whales Bought $13M of ADA During 20% Cardano Drop — What to Watch

Cardano (ADA) fell more than 20% between January 14 and January 25 to fresh local lows, yet large holders added over $13 million of ADA during the decline, according to on-chain data cited by the report. Data from Santiment shows wallets holding 10 million to 100 million ADA increased balances from about 13.59 billion to 13.62 billion ADA (roughly $10 million at current prices), while 1 million to 10 million ADA wallets rose from about 5.60 billion to 5.61 billion ADA (around $3.5 million).

Smaller wallets holding 100 to 10,000 coins trimmed positions during the selloff. Chart-based momentum also signaled a possible turning point. TradingView data showed a bullish RSI divergence between December 18 and January 25: ADA made a lower low while RSI formed a higher low, which the report says suggests selling pressure was weakening even as the price structure looked bearish.

The Money Flow Index (MFI) provided corroborating evidence: between January 21 and January 26 the price drifted lower while MFI moved higher, indicating money flowed into the dip rather than out. The article says the combination of RSI stabilization and MFI dip-buying weakens the odds of a clean breakdown, though it does not guarantee a rally.

Key levels now matter: ADA was trading near $0.35 with a first technical hurdle around $0.39 and the 20-day EMA identified as the decisive short-term level.

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