Cardano Nears $0.60 as Large Holders Accumulate 348M ADA Over Four Days
Technical gauges alongside rising on-chain interest signal a tentative short-term recovery.
Overview
- Santiment reports whales and sharks bought 348 million ADA between Nov. 7–10, worth about $204 million and equal to roughly 0.94% of circulating supply.
- ADA rebounded off the $0.49–$0.50 area and is hovering around $0.58–$0.60, with $0.60–$0.70 flagged as the next resistance zone.
- Daily indicators turned constructive, with a MACD bullish crossover and an RSI climbing toward neutral levels.
- Some coverage cites a smaller 160 million ADA accumulation for certain holder buckets in recent days, highlighting differences in cohort definitions and time windows.
- Attention and activity picked up, with social dominance rising to 1.29% and Q3 DeFi TVL up 17.6% to $341.6 million alongside growth in new wallets.