Cardano’s multi-month slump sparks whale activity – ADA’s recovery coming?

Selling pressure has continued to weigh on Cardano [ADA], pushing the token to its lowest level in months.

The latest decline followed another failed recovery attempt. Buyers tried to reclaim higher ground, but the rally stalled near $0.1903, where the exponential moving average once again acted as resistance.

With that rejection, ADA extended its broader downtrend and slipped below another key support level. Even so, one part of the market is beginning to deviate from the normal trend.

Whales are buying where others are selling

Large holders have stepped back into the market.

Spot market data shows a noticeable increase in whale orders around current prices. The buying comes as ADA trades near multi-month lows, suggesting some larger investors are using the recent weakness to build positions.

That does not necessarily mean a reversal is imminent. Whales often accumulate gradually, especially during periods of uncertainty. 

In some cases, whale activity slows selling pressure, but it does not always mark the exact bottom. More so given that the broader trend still favors the bears.

But that could not be the case for Cardano.

Futures traders are leaning the other way

The derivatives market is also showing signs of optimism.

Long positions now account for 75% of total market exposure, indicating that most leveraged traders are betting on a recovery rather than another leg lower.

The positioning stands in contrast to the recent price action.

Despite the growing number of bullish bets, ADA has yet to reclaim its lost support levels. That leaves the market at an important crossroads, where conviction among traders still needs to translate into buying pressure on the chart to confirm the bias.

Can accumulation change the trend?

The recent sell-off has clearly weakened Cardano’s technical structure. ADA remains below its key moving averages, and the failed recovery at $0.1903 reinforced that resistance is still intact.

At the same time, whale accumulation and bullish positioning in the derivatives market suggest not everyone expects the downtrend to continue.

The next few sessions will be key for determining who will ultimately win the battle. The buyers are beginning to defend current levels as seen from the recent accumulation.

Final Summary

• Cardano remains under pressure after another failed recovery, with EMA resistance capping the latest rebound attempt.
• Whale accumulation is picking up while 75% of derivatives positions remain long, creating a sharp contrast with the prevailing downtrend.