Price Analysis
  • Steve Muchoki
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    Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

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    Cardano Price Forecast: Can ADA Price Rebound on Renewed Whale Demand?

    Story Highlights
    • Onchain data shows Cardano whales have been accumulating while retail has been dumping.

    • Cardano price recently failed to reclaim above a crucial rising weekly support trend.

    • The ADA price outlook has closely followed the wider crypto market amid the anticipated altseason 2026.

    Cardano (ADA) price has retested a crucial support level above $0.33 twice this year. This large-cap altcoin, with a fully diluted valuation of about $15 billion, has been trapped in a falling trend since the beginning of 2025.

    However, the selling pressure on the ADA price has significantly declined in the past few months. Moreover, crypt traders are anticipating a bullish rebound in 2026 catalyzed by capital rotation from the previous metals industry and a clear regulatory outlook. 

    Cardano Whales Accumulate as Retail Dump

    According to onchain data analysis from Santiment, Cardano wallets with a balance of between 100k and 100 million coins have accumulated 454.7 million ADA in the past two weeks. Essentially, this group has accumulated ADA valued at over $161 million.

    Meanwhile, Cardano wallets with at most 100 coins have dumped 22k ADA coins in the past three weeks, valued at about $7,810. 

    Santiment data

    Source: X

    Historically, Santiment has shown that a renewed demand for an asset from whale investors amid selling pressure from retail is a recipe for a bullish outlook and vice versa.

    What’s Next for ADA Price?

    From a technical analysis standpoint, the ADA/USD pair is retesting a weak support level around $0.34. With Bitcoin (BTC) and Ethereum (ETH) leading the wider altcoin market in midterm bearish sentiment, the ADA price is likely to drop further before establishing a reversal pattern. 

    ADA Price

    In the weekly timeframe, the ADA/USD pair recently retested a breakout to the downside of a rising trend. As such, ADA price is likely to retest its support level around $0.27 before rebounding towards a new all-time high.

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