Although Cardano’s recent price movements seem stable, on-chain data and technical indicators have begun to attract attention. While the ADA price is currently trading around $0.25, the market is generally horizontal after a long-term decline. However, both staking data and the behavior of wallets holding large amounts of ADA indicate a background tendency to accumulate.
High staking rate and on-chain data
Current data reveals that approximately 59 percent of the total ADA supply is locked up. This rate makes Cardano among the most actively staked cryptocurrencies. Such a high level of staking on the ADA network indicates that most of the supply cannot be sold in the short term, which reduces the pressure on the price.
During the same period, there is also a remarkable increase in the number of large ADA wallets. In particular, the number of wallets holding 10 million ADA and above has reached its highest level in the last four months. In these days when individual investor interest is low, it is noticeable that large buyers are making savings. Such purchases could lead to stronger price movements in previous market cycles.
Key levels and breakout potential in technical analysis
On the technical side, ADA price continues its movement within the wedge formation formed after a multi-month decline. The price is currently hovering close to the upper limit of this structure and is on the verge of a possible upward break. While the $0.23-0.25 range stands out as critical support on a USD basis, the first resistance is in the $0.30-0.32 band. If the price can rise above this zone, new targets up to $0.40 or even $0.50 may come to the fore. However, if the $0.23 support is lost, it is possible that the declines will continue up to $0.20.
On monthly charts, the $0.23–$0.25 range continues to act as long-term support. This region has also served as a demand area in past cycles. The monthly RSI, which is among the technical indicators, has fallen to the 35-40 band, and this level has also been seen in past bottom formations.
Major investor behavior and short-term risks
Large wallet movements on the network support long-term holdings of significant amounts of ADA. However, volatility risks are on the agenda in the short term. In recent trading, ADA has encountered selling pressure at the weekly detailed price gap (FVG). As a result of the reaction from here, the short-term direction is turned downwards, and if the $ 0.23-0.24 band cannot be maintained, sales may gain momentum and the price may test lower levels.
On the other hand, low retail investor interest and increasing large investor accumulation indicate that there is a tendency towards gradual buying rather than a strong seller pressure in the market. It is observed that behind the horizontal and calm appearance of ADA, a different picture emerges for medium and long-term investors.
Potential move after consolidation
In general, the high staking rate and the increasing position of large wallets show that a long-term positive structure can be formed on ADA. However, in order for the price to gain a new upward momentum, the above-mentioned resistance levels must be clearly overcome. In the short term, in the event of a significant loss of support, further withdrawals may occur.
