Overview
- On-chain data show large holders accumulated roughly 210 million ADA over the past three weeks, including a whale who deposited $7.9 million in USDC to buy about 6.46 million ADA.
- Spot trading activity jumped, with daily volume topping $600 million, while Coinglass reported BitMEX ADA futures volume surged about 10,654% to roughly $40 million.
- Exchange balances fell modestly during the accumulation phase, narrowing liquid supply and heightening the market’s sensitivity to incremental demand.
- ADA continues to consolidate in the $0.36–$0.41 band near $0.38–$0.39 inside a multi-month descending channel, with key hurdles flagged around $0.41–$0.47 and then near $0.50–$0.60.
- Technical readings show a slight buyer edge but weak trend strength (low ADX), funding has turned mildly positive, and Binance top traders lean long, reinforcing the need for breakout confirmation.