Cardano Price Eyes $1 as Whale Wallets Keep Accumulating
The post Cardano Price Eyes $1 as Whale Wallets Keep Accumulating appeared on BitcoinEthereumNews.com. Cardano price is gaining serious momentum, climbing over 26% this week alone. With large wallets quietly increasing their holdings and no signs of heavy selling, the recent rally seems more than just a bounce. Whale Wallets Keep Accumulating Steadily The 1 million –10 million ADA wallet group, often categorized as whales, has steadily increased its holdings from ~33% in January to 36.15% in mid-July. Despite ADA’s sharp rally in March, this cohort hasn’t trimmed exposure. This signals that top holders expect further upside. Cardano price and whale wallets: Santiment Whale wallets are large ADA holders who typically hold between 1 million and 10 million coins. Their behavior often influences market direction. No Major Exits Yet as Spend Coins Age Remains Low The Spent Coins Age metric spiked briefly in mid-June but has dropped back to lower levels. That means older ADA coins aren’t being sold. And most long-term holders appear to be sitting tight; a classic bullish signal during uptrends. Also, the major spike in Spent Coins Age metric, around mid-June and also early-April, didn’t align with major price spikes. This shows that the selling trends associated with older wallets are not exactly profit-inspired. This might be a good sign in an uptrending market, meaning there aren’t many rally-restricting elements in play. Cardano price and Spent Coins Age metric: Santiment Spent Coins Age measures how long coins sit before being moved. A lower value suggests reduced selling pressure from older wallets. Cardano Price Approaches Critical Resistance The Cardano price is currently trading at $0.73, marginally above the 0.618 Fibonacci level ($0.7287) and heading toward the dual resistance zone: Strong horizontal level at $0.77 0.786 Fibonacci at $0.78 Cardano price analysis: TradingView If ADA price breaks both, there’s little friction until $0.86, and from there, the 1.618 Fibonacci extension targets $1.08,…
The post Cardano Price Eyes $1 as Whale Wallets Keep Accumulating appeared on BitcoinEthereumNews.com.
Cardano price is gaining serious momentum, climbing over 26% this week alone. With large wallets quietly increasing their holdings and no signs of heavy selling, the recent rally seems more than just a bounce. Whale Wallets Keep Accumulating Steadily The 1 million –10 million ADA wallet group, often categorized as whales, has steadily increased its holdings from ~33% in January to 36.15% in mid-July. Despite ADA’s sharp rally in March, this cohort hasn’t trimmed exposure. This signals that top holders expect further upside. Cardano price and whale wallets: Santiment Whale wallets are large ADA holders who typically hold between 1 million and 10 million coins. Their behavior often influences market direction. No Major Exits Yet as Spend Coins Age Remains Low The Spent Coins Age metric spiked briefly in mid-June but has dropped back to lower levels. That means older ADA coins aren’t being sold. And most long-term holders appear to be sitting tight; a classic bullish signal during uptrends. Also, the major spike in Spent Coins Age metric, around mid-June and also early-April, didn’t align with major price spikes. This shows that the selling trends associated with older wallets are not exactly profit-inspired. This might be a good sign in an uptrending market, meaning there aren’t many rally-restricting elements in play. Cardano price and Spent Coins Age metric: Santiment Spent Coins Age measures how long coins sit before being moved. A lower value suggests reduced selling pressure from older wallets. Cardano Price Approaches Critical Resistance The Cardano price is currently trading at $0.73, marginally above the 0.618 Fibonacci level ($0.7287) and heading toward the dual resistance zone: Strong horizontal level at $0.77 0.786 Fibonacci at $0.78 Cardano price analysis: TradingView If ADA price breaks both, there’s little friction until $0.86, and from there, the 1.618 Fibonacci extension targets $1.08,…
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