the Ada The coin is attracting the interest of savvy investors, according to market analyst Ali Martinez. According to data shared today on the X platform, major investors, commonly known as whales, have purchased more than 10 million ADA tokens over the past 72 hours. This accumulative trend is occurring against the backdrop of corrective momentum in Cardano (ADA) prices, making the situation interesting for cryptocurrency market enthusiasts.
Today, at press time, Cardano is trading at $0.2476, having seen a slight rise of 0.7% over the past 24 hours. In addition, its price has fallen by 0.4% and 0.2% over the past week and month, respectively, indicating its consolidation.
Cardano is in the accumulation phase
Today, well-known analyst Ali Martinez revealed on social media Traditionally, such huge token accumulations often send prices soaring, showing rising confidence and indicating a potential upside for Cardano. Continued whale activity indicates a shift towards bullish sentiment, indicating that major market participants see promise in the future of cryptocurrencies.
On-chain data shows that ADA is silently doing something interesting. With its price trading around $0.2476 today, CoinMarketCap metrics show a significant increase in the asset’s trading volume and market capitalization, indicating strong buying activity across both the spot and futures markets. Daily trading volume rose to US$275.9 million against a market cap of US$9.2 billion, indicating strong participation, showing a growing order book.
ADA May Rise to $2: Analysis
From a technical analysis perspective, the weekly chart shows… Cardano It appears in a bullish fractal pattern formation, a structure that traditionally brings a major breakout, and is often seen in major crypto assets with growth.
This similar pattern saw the ADA post massive gains of over 100% in two weeks during the post-election rally in 2024/2025. During that time, ADA was trading at $0.2516, and the formation of a bullish pattern made it possible to push it to the $2 mark, representing a rise of 695%. The similar price pattern indicates that Cardano is currently preparing for an imminent breakout in the coming weeks.
