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Whale Accumulation and Bullish Positioning Put Cardano’s $0.93–$0.99 Breakout to the Test, With $1.20 in View

Price sits near $0.90 with lighter spot volume, making a clean breakout the key confirmation signal.

Overview

  • AMBCrypto, citing Santiment, reports wallets holding 1–10 million ADA bought about 530 million ADA in 48 hours, while CoinCentral flags a separate 20 million ADA uptick over 24 hours.
  • CoinGlass data show long dominance on Binance’s ADAUSDT pair with a long/short ratio near 3.39 and roughly 72–77% of accounts long, alongside rising open interest.
  • Analysts focus on resistance between $0.93 and $0.99, noting triangle-based setups and projecting upside levels around $1.02, $1.16 and near $1.20 if price closes above that zone.
  • Blockonomi notes whales hold roughly 15.4% of circulating supply as ADA trades around $0.90 with softer spot volume, a mix that can amplify moves but adds liquidity and concentration risk.
  • Several articles also promote MAGACOIN FINANCE alongside ADA analysis, highlighting an overlap between market coverage and speculative token marketing.