Whale Cardano accumulates 150 million USD ADA in 72 hours – Is a recovery coming?

Cardano (ADA) has just gone through a difficult phase as its recovery efforts have been unsuccessful and the overall market remains weak. However, the recent increase in buying from “whales” along with the potential for price appreciation may signal a reversal in trend.

If ADA successfully breaks through the $0.70 threshold, this could signal the end of pessimistic sentiment, paving the way for a more prosperous phase.

Cardano whales are hopeful

In the past 72 hours, whales holding between 10 million and 100 million ADA have aggressively accumulated over 230 million ADA, equivalent to more than 150 million USD at current prices. This move marks a clear shift from a selling or sidelined state to accumulation, indicating a change in market sentiment. Large investors are increasingly confident in the outlook for ADA in Q2 2025, despite recent volatility.

The strong buying power from whales not only reflects confidence in ADA’s recovery potential but also plays a crucial role in strengthening its price. As influential investors accumulate, selling pressure gradually decreases, paving the way for ADA to break through important resistance levels.

The amount of coins held by whales ranging from 10 million to 100 million ADA | Source: SantimentThe Cardano liquidation heat map shows that if the price of ADA exceeds $0.70, approximately $15 million in short contracts will be liquidated. This is an important factor that could create upward momentum for this altcoin. At that point, short sellers may be forced to close their positions, triggering a “short squeeze” phenomenon – an effect that could drive the price of ADA skyrocketing.

The liquidation of short-selling contracts not only helps reduce selling pressure but also creates momentum for ADA’s recovery, limiting the risk of a deeper decline. If combined with accumulation moves from large investors (whales), the increased buying pressure may be strong enough to help Cardano break free from the current downtrend and regain growth momentum.

Heat liquidation map of Cardano| Source: Coinglass## Can ADA price surpass $0.70?

At the time of writing, the price of Cardano is fluctuating around $0.65, maintaining above the important support level of $0.62. This altcoin has experienced a lot of volatility in recent weeks, but buying pressure from whales is igniting hopes for a strong recovery. If ADA successfully breaks above the $0.70 threshold, the upward trend may continue.

Daily ADA/USDT chart | Source: TradingViewIn an optimistic scenario, if it breaks above $0.70, ADA could maintain its upward momentum, targeting $0.77 and turning this level into a new support zone. This would create a solid foundation for this coin to regain what it has lost.

Conversely, if it cannot conquer $0.70, ADA risks returning to the support zone of $0.62. Losing this level will weaken the recovery outlook, potentially pulling the price down to $0.58 and extending the downtrend.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

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