Cardano stuck in a range—When will ADA’s next big move happen?

• Whales accumulated over 180 million ADA, signaling potential upward pressure on Cardano’s price.
• Cardano’s price faced liquidation resistance around $0.75, with Open Interest and daily engagement showing caution.

Over the past week, whales have accumulated over 180 million ADA, signaling a major shift in Cardano’s market behavior. This surge in large-scale buying has raised speculation about its potential impact on Cardano’s [ADA] price action. 

With whales making their move, the question remains whether this buying power will push ADA higher or if the price will struggle to hold its ground.

ADA price action – is the support level strong enough?

Cardano recently rebounded from a key support zone at $0.65, suggesting that this level provides stability. The price has since risen toward the $0.72 region, indicating potential for recovery.

At press time, ADA was trading at $0.7217, marking a 2.93% decline over the past 24 hours. The RSI was at 47.34, reflecting neutral market conditions with no clear signs of being overbought or oversold.

While the rebound from support is encouraging, Cardano remains within a range. Without stronger buying pressure, it is uncertain whether the price can break through resistance or whether it will face another pullback.

Liquidation heatmap – Where are the pressure points?

The ADA liquidation heatmap highlights key price zones that could lead to increased volatility. The $0.72 to $0.75 range has experienced significant liquidation activity, indicating that ADA’s price is still susceptible to sharp movements.

While whales are steadily accumulating ADA, this resistance zone might either stall upward momentum or trigger a wave of liquidations, driving prices lower.

However, if ADA manages to break above this range, it could initiate a rally, supported by the accumulation of large positions.

Daily active addresses – Moderate engagement or hidden strength?

Cardano’s daily active addresses showed a steady but moderate level of user engagement, with 31,005 active addresses recorded, at the time of writing.

While this reflects consistent participation, it does not indicate the sharp increase often associated with a bullish trend. The moderate activity suggests cautious optimism among users, though confidence remains measured.

If engagement remains stable and whales continue accumulating, ADA could see a gradual upward movement over time.

Additionally, Cardano’s Open Interest (OI) decreased by 11.52% to $738.11 million, signaling caution among traders. The decline suggests that many market participants are stepping back, possibly due to the uncertainty surrounding ADA’s price action. 

As fewer traders take leveraged positions, this caution may prevent ADA from making strong moves in either direction.

Until confidence in the market builds, ADA may continue to see consolidation rather than sharp price swings.

What next for ADA

While whale activity has certainly increased buying pressure, ADA’s short-term outlook remains uncertain. The bounce from support is encouraging, but a neutral RSI and declining OI suggest limited momentum. 

Moreover, key liquidation levels pose obstacles to any strong price surge. Therefore, while whales have a significant influence, ADA’s price could remain range-bound unless market sentiment improves or further buying pressure builds.