Cardano whales are back in action, and it is showing in the numbers. According to on-chain analyst Ali, these large holders have scooped up over 120 million ADA in the past 48 hours. This kind of heavy buying usually signals growing confidence in the Cardano price and a potential move higher.
Ali posted this data on X, highlighting the renewed interest from whales. After months of relatively quiet movement, this kind of sudden accumulation suggests that big players are expecting something to happen with the ADA price soon.
Whales have bought over 120 million #Cardano $ADA over the past 48 hours! pic.twitter.com/TBp6OL1zQq
— Ali (@ali_charts) June 10, 2025
Cardano Price Needs to Break Above $0.77
While the buying pressure is increasing, ADA is still facing a critical resistance. Ali noted that Cardano could confirm a bullish breakout only if the price manages to close and stay above the $0.77 mark. So far, that level has been tough to break, but with the new momentum building, traders are watching closely.
Until the ADA price moves past $0.77, this rally is still uncertain. But if it does break and hold above that level, we could be looking at the beginning of a strong upward trend. For now, the whales have made their move. The rest of the market is waiting to see what comes next.
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