Whales Buy ~100 Million ADA but Cardano Stalls Under $0.40

Beincrypto reports that Cardano whales added roughly 100 million ADA near a key trendline, yet the token remains below $0.40 and faces elevated risk of a breakdown.

The 20-day exponential moving average (EMA) is currently acting as support, but On-Balance Volume (OBV) has weakened — OBV fell while price moved sideways or higher between December 28 and January 5 and has slipped below its recent trendline. The EMA previously failed on December 11, when losing it preceded a nearly 25% drop.

On-chain data show wallets holding 1–10 million ADA rose from about 5.49 billion to 5.51 billion (adding roughly 20 million) and wallets holding 10–100 million ADA rose from about 13.44 billion to 13.52 billion (adding roughly 80 million), a combined accumulation near 100 million ADA (about $40 million at current prices). The Money Flow Index has trended higher, but derivatives data indicate smart-money positioning is mostly unchanged and top addresses remain net short.

Since January 7 Cardano has traded between $0.37 and $0.40; a clean reclaim of $0.40 with acceptance toward $0.43 and a stabilizing OBV would signal trend recovery, while a daily close below $0.37 would open a move toward $0.35 and possibly $0.31 if selling accelerates. Accumulation so far has prevented a collapse but does not guarantee a rally, and the market is still looking to price structure and derivatives for direction.

Key Topics

Crypto, Cardano, Ada, Whales, On-balance Volume, Derivatives