Recent on-chain data and market activity indicate a shift in sentiment for Cardano (ADA), with large investors accumulating positions and key technical levels suggesting potential for upward price movement.
Whales Signal Confidence with Strategic Accumulation
A notable shift in investor behavior is strengthening Cardano’s foundation. Following a recent market downturn, large-scale investors have been actively accumulating ADA, demonstrating a vote of confidence in its value.
Data from October 2025 shows that mega-whales, defined as wallets holding over 1 billion ADA, increased their collective holdings from 1.50 billion to 1.59 billion ADA. This activity was mirrored by mid-tier whales, with wallets holding between 10 million and 100 million ADA adding approximately 140 million ADA—worth about $89.6 million—in just a two-day period. This synchronized buying from the largest holders often indicates a belief in the asset’s long-term stability and potential for recovery.
Key Metrics Point to Growing Network Strength
Beyond whale activity, other on-chain and derivatives metrics are painting a constructive picture for Cardano. These indicators suggest that the recent accumulation is part of a broader trend of growing engagement and tightening supply.
The Spent Coins Age Band (SCAB) metric, which tracks the movement of older coins, dropped by 51% since October 12th. This means long-term holders are significantly reducing their selling activity, effectively locking up supply and reducing sell-side pressure. Concurrently, network usage has seen a boost, with the number of unique active addresses increasing from 29,600 to 30,900. In the derivatives market, rising Open Interest (OI) and positive funding rates suggest the market is leaning bullish, with traders placing bets on higher prices ahead.
A Trader’s Outlook on Key Price Levels
From a technical perspective, Cardano is at a crucial juncture. Analysts are closely watching several price levels that will likely determine its short-term trajectory.
The $0.61 level is considered a critical support floor. As long as ADA holds above this zone, the near-term outlook remains intact. The immediate resistance to overcome sits at $0.73. A decisive daily close above this level is seen as a key trigger that could open a clear path toward $0.86. Should bullish momentum accelerate, the next significant targets are found in the $1.01 to $1.12 range.
