Cardano Price Rally in Sight? 2 Metrics Signal Opportunity
The post Cardano Price Rally in Sight? 2 Metrics Signal Opportunity appeared on BitcoinEthereumNews.com.
Cardano (ADA) has mostly traded flat over the past 24 hours as the broader market steadies after the “Black Friday” crash. The drop hit the Cardano price harder than many large-cap coins, sending it to the lower end of its bullish multi-week channel. Despite the short-term weakness, the Cardano price structure still looks bullish on higher time frames. It only needs to reclaim a few critical levels to confirm a rebound — and two on-chain metrics are now supporting that setup. Sponsored Sponsored Whale Accumulation Rises as Selling Pressure Drops Fresh whale activity has emerged since October 12, adding to the earlier buying seen from mega-holders right after the crash. Data from Santiment shows that wallets holding over 1 billion ADA (mega whales) increased their balances from 1.50 billion to 1.59 billion ADA, while wallets in the 10 million to 100 million ADA range rose from 13.18 billion to 13.29 billion ADA. Note: Cardano whales started positioning early, hours after the crash. However, only the 10 million – 100 million cohort was active earlier. It seems Mega Whales have now joined. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Cardano Whales Keep Adding: Santiment At an average Cardano price of $0.70, these groups have added roughly 200 million ADA, worth about $140 million in just 48 hours. The synchronized buying between large and mid-tier whales shows confidence that ADA has likely found a base near current levels. At the same time, the Spent Coins Age Band (SCAB) — which tracks how many ADA coins have been moved across all age groups — has dropped sharply since October 12. Sponsored Sponsored The total volume of spent coins fell from 179.06 million ADA to 87.33 million ADA, a 51% decline, showing that overall on-chain selling activity…
