Cardano (ADA) accumulation of whales and sharks
🔍 metrics
• According to Santiment, addresses termed as ‘whales’ and ‘sharks’ (for example, holders from ~1 million to 10 million ADA) have actively accumulated a significant volume of coins exceeding hundreds of millions ADA over short periods.
• Such activity intensifies during corrections: when the price temporarily drops, large holders increase their positions.
• Technically: the increase in the share of coins held by large addresses + decrease in ‘active sellers’ (coins age does not increase) signal that supply is being constrained, which may create a shortage. 👀
📈 Technical analysis (TA) and forecast
• Support: ADA is currently holding the range of $0.82-$0.90, where whale accumulation is observed.
• Resistance: key level around ~$0.95-$1.00. A breakout above may lead to the next step around ~$1.20-$1.50 under favorable conditions.
• Likely scenario: if accumulation continues and the market receives a catalyst (for example, institutional demand, technical news), ADA may break out of the sideways movement and start a new impulse.
⚠️ Risks and nuances
• Trading volume and retail participation are not very high yet, accumulation may take time and not immediately lead to an ‘explosion’.