Cardano (ADA) saw a modest rebound on Wednesday, climbing 2.2% to $0.70, driven by renewed buying from large holders. On-chain data reveals that whale and mid-tier wallets snapped up roughly 200 million ADA, equivalent to around $140 million, over the past 48 hours. This accumulation followed last week’s market volatility, which briefly pushed ADA toward its swing lows.
Analysts note that such buying activity is often a precursor to stronger price stability, as whales typically acquire tokens during periods of market weakness. The accumulation signals confidence in the longer-term prospects of Cardano, particularly with major upcoming events like the Berlin Summit in focus.
Whales Scoop Up ADA as Selling Pressure Eases
Address cohort tracking indicates renewed accumulation across various wallet sizes. Wallets holding 10–100 million ADA as well as those with over 1 billion ADA have increased their balances. Simultaneously, network “spent coin” metrics have fallen by 51%, reflecting a slowdown in selling pressure.
From a technical standpoint, ADA is defending the $0.70–$0.80 zone, a critical support band many traders consider pivotal for maintaining a recovery base. A sustained hold in this range could allow ADA to attempt previous resistance levels, giving bulls room to regain control and reassert momentum.
Staking Expansion and Berlin Summit Fuel Optimism
Adding to bullish sentiment, eToro recently launched ADA staking in the U.S., potentially unlocking rewards access for over 40 million users. The introduction of staking reduces liquid supply, as holders are incentivized to lock up their tokens, effectively tightening market supply.
Additionally, the Berlin Summit, scheduled for Nov. 12–13, 2025, is providing an important narrative tailwind. Ecosystem teams are expected to showcase progress across key projects such as Midnight, Leios, and dApp development, which historically boosts investor confidence and developer visibility.
Strategists argue that these factors, combined with bargain hunting from whales, could help stabilize spot liquidity after the recent market shakeout. The convergence of technical and fundamental catalysts makes the coming weeks a critical period for ADA holders.
Key Technical Levels for Cardano (ADA)
Cardano rebounded from its $0.61 swing low, attempting to reclaim short-term bullish signals. Analysts highlight that a clean move above $0.73, corresponding to the 0.236 Fibonacci retracement, is the first major hurdle for bulls.
Beyond this, $0.86 remains a key resistance level, having capped previous rallies. A successful break above $0.86 could open the door to higher targets at $1.01 and $1.12, aligning with an ascending-channel upper bound on longer-term charts.
Conversely, if ADA fails to hold $0.61, the risk of a deeper decline toward $0.50–$0.60 increases, potentially delaying any broader trend resumption. Maintaining this support is crucial for traders looking to capitalize on Q4 recovery opportunities.
Outlook: Bullish Setup or Consolidation?
Overall, Cardano’s price action, coupled with whale accumulation and staking incentives, suggests a bullish setup for Q4 2025. The Berlin Summit adds a significant narrative tailwind, potentially attracting renewed investor interest.
However, traders should remain cautious and monitor the $0.61 support level closely. A decisive daily close below this point could indicate prolonged consolidation or further downside pressure. Conversely, reclaiming $0.73 and $0.86 could confirm a broader recovery leg, setting the stage for renewed upward momentum in the Cardano market.
For investors and traders, the current market conditions present a strategic window to evaluate positions, watch for trend confirmations, and assess liquidity changes driven by both whale behavior and staking incentives.
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