Whale Accumulation Signals Conviction Beneath Price Weakness
Cardano traded under pressure earlier this week after a failed rebound attempt. Price now hovers just above the $0.38 support zone. Sellers rejected ADA near the 50-day EMA last week. Momentum faded soon after that rejection. Still, on-chain data paints a more optimistic picture. Santiment data shows notable whale accumulation during the pullback. Wallets holding between 10 million and 100 million ADA added roughly 180 million tokens. Large holders appear to view recent weakness as opportunity rather than risk. This behavior often appears near market exhaustion points.
Long positioning also continues to rise across derivatives markets. Traders show growing confidence despite muted price movement. That divergence between price and positioning often precedes stronger directional moves. Market structure still looks compressed rather than broken. Several analysts maintain bullish long-term views despite near-term softness. Javon Marks recently highlighted a developing technical breakout.
Marks pointed to a long-term ascending triangle forming since 2018. Price compression within that structure suggests growing pressure. He believes that a confirmed breakout above $0.45 could unlock a powerful rally. His measured move projects a potential advance toward $2.97. That target implies over 680 percent upside from early January 2026 levels. The setup favors patience rather than aggressive chasing.
ETF Momentum and Cardano’s Expanding Institutional Narrative
Institutional interest adds another supportive layer to the outlook. Cyber Hornet recently filed for the Cyber Hornet S&P Crypto 10 ETF. The product would track the top ten digital assets by market value. Cardano earned inclusion alongside Bitcoin, Ethereum, and XRP. Such exposure could increase ADA visibility among traditional investors. Passive flows often reshape long-term demand dynamics.
Grayscale also continues to deepen involvement across Cardano-linked products. The Smart Contract Fund recently allocated roughly 18.5 percent to ADA. Market participants also watch progress around Grayscale’s proposed Cardano spot ETF, GADA. Regulatory delays slowed the process, yet expectations now shift toward early 2026. Approval would mark a significant milestone for Cardano adoption.
Analyst Quantum Ascend also reinforced bullish sentiment with longer-range projections. His conservative target stands near $5, while primary objectives approach $10. The analysis draws from Elliott Wave structures and historical fractals. Momentum indicators also show bullish RSI divergence. The comparison mirrors Cardano’s early-cycle structure before the 2017 breakout. A broader 2026 recovery could amplify upside potential further. Altcoin rotation often accelerates once confidence returns.
Key Takeaways
- •Whales accumulated heavily during the pullback, signaling strong conviction despite ongoing short-term price weakness.
- •Analysts see long-term breakout potential, with targets ranging from $3 to $10.
- •ETF momentum and network upgrades strengthen Cardano’s 2026 investment narrative.