End of Bear Market, Start of Rise...Cardano Initiates Counterattack as Whales Resume Trading

▲ Cardano (ADA)

Technical analysis suggests that Cardano (ADA) whales have begun large-scale accumulation, leading the price, which had been in a prolonged sideways trend, to enter a full-fledged rebound phase.

According to crypto media outlet Bitcoinist on April 11 (local time), recent on-chain data analysis shows that large-scale investors, or whales, in the Cardano ecosystem have re-emerged in the market, exhibiting strong buying interest. Data from Santiment indicates that wallets holding between 1 million ADA and 10 million ADA have intensively accumulated tens of millions of assets in recent days, supporting the price floor. Bitcoinist analyzed that this large influx of capital signifies a restoration of market confidence and is a leading indicator of a strong rally to unfold in the future.

The actual utility of the Cardano network is also reaching record highs, supporting its fundamentals. The cumulative transaction volume on the Cardano mainnet surpassed 120 million on April 9, demonstrating organic growth. Even amidst price declines, active participation from developers and continuous use of decentralized applications have led to an increase in the network's value. This strengthening of its fundamental health indicates a higher probability of an ascent based on real demand, not just a price bubble.

From a technical perspective, Cardano has broken through a long-term downward trendline and continues its attempt to stabilize in the $0.27 range. The current price has the 50-day exponential moving average of $0.29 as a key resistance level; breaking this could open a golden path for further ascent to the $0.35 mark. Major indicators such as the Relative Strength Index and the Moving Average Convergence Divergence also show gradual improvement, suggesting that investor sentiment is leaning towards bullish forces.

Positive changes in the institutional landscape, including the US crypto market structure bill (CLARITY), are also acting as favorable factors for Cardano. If regulatory clarity is secured, institutional investors' accessibility will increase, leading to widespread expectations for the future launch of a Cardano spot ETF. In particular, major upgrades such as the Van Rossem hard fork, which will significantly improve performance and scalability, are scheduled for 2026, indicating sufficient momentum for mid-to-long-term value appreciation.

Cardano is currently showing signs of chasing the trend of market leader Bitcoin (BTC), driven by strong on-chain accumulation and technical rebound signals. The return of whales is interpreted not merely as price defense but as a process of energy condensation for a large-scale surge. Investors are closely watching for a breakthrough of the $0.29 resistance level, weighing the timing for entry into a full-fledged bull market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*