Cardano Whales’ 1 Billion Coin Accumulation Strategy Pays Off, Reclaims Top 10 Market Cap Spot

▲ Cardano (ADA)

Cardano (ADA) has secured strong buying interest at a key support zone, eyeing a further rebound through the completion of a bullish ABC pattern.

According to reports on February 27 (local time), Cardano recently rebounded from a major support range formed between $0.24 and $0.26, surging 14% to reach $0.31. Technical analysts suggest that if the ongoing ABC pattern is successfully completed, the price is highly likely to reach its predetermined target level.

Large-scale accumulation by whale investors is being cited as a key factor defending Cardano’s price from further decline. Recently, major holders and so-called shark investors added approximately 819 million ADA to their portfolios, bringing total accumulated holdings close to 1 billion ADA. This influx of substantial capital is reinforcing the formation of a market bottom and supplying the liquidity needed for future price appreciation.

Fueled by a short-term gain of about 19%, Cardano has overtaken Bitcoin Cash in market capitalization rankings and reentered the top 10. Major technical indicators, including the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), have begun signaling buying strength, improving retail investor sentiment. Market participants are closely watching whether ADA can firmly establish support at the $0.31 level.

Cardano founder Charles Hoskinson recently expressed strong confidence in the network’s competitiveness and technological achievements. Hoskinson emphasized that Cardano has built a resilient ecosystem despite market volatility and is fully prepared for future growth. His optimistic stance, combined with whale accumulation, is helping to drive a positive market atmosphere.

Active on-chain transaction activity and continued confidence from large investors are interpreted as positive signals for Cardano’s long-term value appreciation. Whether the technical pattern is fully completed and accompanied by meaningful trading volume will be decisive factors for the next price breakout, with market attention focused on a potential move beyond the next resistance level.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The publisher is not responsible for any losses incurred based on this information.