- Whales accumulate 190M ADA, fueling price rebound and bullish momentum signals.
- Social sentiment for Cardano hits a 4-month high despite on-chain activity decline.
- Institutional adoption grows as Coinbase and Amina Bank expand ADA services.
Large investors have acquired 190 million ADA in the past 24 hours, reflecting rising institutional confidence. This accumulation surge aligns with a sharp price rebound, signaling renewed interest in Cardano. Despite a decline in on-chain activity, social sentiment has reached a four-month high, indicating growing investor optimism.
Whale Activity Drives ADA Price Recovery
Analyst Ali Martinez reports that wallets holding between 100 million and 1 billion ADA have significantly increased their holdings, pushing the total to 3.22 billion ADA. This accumulation coincided with a notable price rebound, demonstrating strong buying pressure from large investors.
ADA has support around $0.679 and faces resistance at $0.736. If demand continues, ADA could break above $0.73, reinforcing its bullish momentum. However, failing to sustain above $0.716 may lead to consolidation or a potential pullback.
Whales bought 190 million #Cardano $ADA in the last 24 hours! pic.twitter.com/sUZKGrEU51
— Ali (@ali_charts) March 20, 2025
Bullish Trends and Future Price Targets
According to analyst Javon Marks, ADA has maintained a series of higher lows, often preceding strong price surges. His projections indicate a potential rally to $2.7709, representing a 264% increase.
Additionally, past bull market performance suggests ADA could reach as high as $7.82. If the current uptrend continues, further price appreciation could be on the horizon.
$ADA (Cardano) currently holding ANOTHER set of Higher Lows and these have recently been leading into higher upside moves for prices and with a target over +264% away at $2.7709 that is in play, the next leg towards can be a matter of time.
— JAVON⚡️MARKS (@JavonTM1) March 19, 2025
Previous Bull Perfomance suggests much… https://t.co/A2q2nNaA7y pic.twitter.com/M6RenOzNCz
Surging Social Sentiment and Market Trends
Santiment data reveals that social sentiment surrounding Cardano has reached a four-month high. The ratio of positive to negative mentions is now 3.5 to 1, demonstrating increased optimism.
This shift follows the U.S. Securities and Exchange Commission’s (SEC) recognition of Cardano’s smart contract utility for government services. However, on-chain activity has declined, with daily transactions dropping 70% from Q4 2024 levels.
Cardano’s Market Performance
Cardano is currently priced at $0.7249, reflecting a 0.87% gain in the last 24 hours but a 0.81% decline over the past week. Its 24-hour trading volume stands at $1,152,362,209, with a circulating supply of 36 billion ADA. The market capitalization is now $26,080,577,503, solidifying Cardano’s strong presence in the crypto market.
Institutional Adoption and Expanding Market Presence
Institutional interest in Cardano is growing. Coinbase will introduce ADA futures trading on March 31, 2025, potentially improving liquidity and price discovery. Furthermore, Amina Bank has integrated Cardano staking services, providing a link between cryptocurrency and traditional finance. This initiative enables investors to earn staking rewards while maintaining full ownership of their ADA, encouraging broader adoption.
