Cardano is gaining momentum in the wake of Bitcoin’s recent surge toward a new ATH, sparking renewed optimism across the altcoin market. As capital flows from Bitcoin profits into promising Layer-1 projects, Cardano stands out with its expanding DeFi ecosystem, growing staking participation, and increasing developer engagement. With liquidity deepening across major exchanges and sentiment favoring large-cap altcoins, ADA price is positioned to ride the post-Bitcoin ATH rally, potentially revisiting the significant price levels last seen in January 2022.
Whale Accumulation Strengthens Cardano’s Bullish Outlook
Cardano’s recent momentum is being strongly backed by whale activity, with large holders steadily increasing their ADA exposure during key market dips. This accumulation trend aligns with historical patterns where deep-pocketed investors position ahead of major price breakouts, often reducing available supply and creating upward price pressure.
Recent whale accumulation highlights:
- Between August 9 and 10, wallets holding 100M–1B ADA scooped up 200 million ADA (~$166 million).
- In just 48 hours, whales added another 200 million ADA, transferring most of it off exchanges into cold storage—a sign of long-term holding intent.
- Since July 24, whale wallets have absorbed a total of 270 million ADA (~$210 million), even as broader market volatility persisted.
Why this matters for ADA price action:
- Reduced circulating supply can amplify upside moves during bullish sentiment.
- Whale confidence often signals strong medium-term fundamentals.
- Accumulation near support levels historically precedes altcoin rallies.
As Bitcoin trades near its ATH zone, this whale-driven accumulation could place ADA in a prime position to ride the anticipated altcoin season, potentially challenging the January 2022 price range in the weeks ahead.
ADA Price Analysis: How High Can Cardano Price Can Go in August?
Cardano price has surged by over 15% in the past 24 hours and by over 35% since the weekly start. The rise was followed by a massive rise in the volume, which surged from levels around $1 to $1.3 billion to as high as $3.5 billion. Therefore, it is quite evident that the ADA price will reclaim the $1 milestone anytime from now, but the major question is whether the token can sustain the gains. Or will it remain accumulated below $0.98?
- The ADA price has decisively broken above the multi-year descending trendline on the weekly timeframe, signalling a major trend reversal.
- The token has also broken above the Ichimoku Cloud while the conversion & base lines are heading for a bullish crossover. Besides, the cloud is starting to thin ahead, suggesting a possible bullish Kumo twist, which historically supports further upside momentum.
- Besides, CMF has moved into positive territory at 0.09, indicating that the buying pressure is dominating and capital is flowing into ADA
- If the ADA price closes the weekly trade above the resistance zone between $0.928 and $0.984, the bulls may reclaim the dominance and push the token towards the next resistance at $1.556 which is extremely important to achieve
- Above $1.556, the chart opens up for a possible test of the $2 psychological barrier which may extend towards the ATH
ADA Price Prediction: Key Levels to Watch
With market sentiment improving and liquidity deepening, ADA is approaching a crucial breakout zone.
- Immediate resistance: $0.83 – $0.90
- Breakout target range: $1.50–$1.75 (near January 2022 highs)
- Strong support: $0.70 – $0.72
If Bitcoin sustains its ATH zone and capital rotation into altcoins accelerates, Cardano (ADA) price could see a parabolic move in the short to medium term and may also head towards a new ATH. Conversely, failure to maintain buying pressure could lead to a retest of key support before any sustained rally.
