- Cardano (ADA) saw whales offload 180 million ADA during a recent price rebound, selling into strength as retail investors remained optimistic. Despite this, ADA has held above key support at $0.59 and is now aiming to break above $0.63.
- A successful move could push the price toward $0.70 and possibly $0.83. However, a drop below $0.59 may lead to declines toward $0.50 or even $0.40.
Cardano (ADA) has seen a surprising wave of whale activity as large holders quietly dumped 180 million ADA during a short-term market upswing. This strategic move comes at a time when ADA is rebounding from recent lows, leaving retail investors hopeful — and possibly unaware of the exit tactics playing out behind the scenes.
Whales Cash Out as Bulls Step In
According to crypto analyst Ali, Cardano whales seized the opportunity to sell during ADA’s recovery rally that began on April 16. Prices had hit a low of $0.594, but a steady climb followed, lifting ADA back above $0.63 at the time of writing. While the retail crowd appeared to embrace the rebound, whales moved fast to lock in profits, offloading over 180 million ADA within just five days.
Whales took advantage of the recent upswing, offloading over 180 million #Cardano $ADA in just the past five days. pic.twitter.com/kXm9718oox
— Ali (@ali_charts) April 18, 2025
This type of behavior is common during relief rallies, where large investors use the temporary bullish momentum to exit their positions without triggering sharp price drops. It allows them to sell into strength while the optimism from smaller investors keeps prices temporarily afloat.
Price Action Signals Cautious Optimism
Despite the large-scale sell-off, Cardano has shown signs of resilience. The price is up 2.69% in the past 24 hours, and just barely positive on the week. Bulls have successfully defended the key $0.59 support zone, and the current battle is centered around pushing the price above $0.63.
If ADA manages a decisive break and close above this level, bulls could target the 50-day simple moving average (SMA) at $0.70. A sustained move above that would potentially open the door for a rally toward $0.83 — a level not seen since March.
However, the downside risk remains. A break below $0.59 would shift momentum back to the bears, with $0.50 acting as the next crucial support. Should that level fail, ADA could revisit lows near $0.40.
What’s Next for Cardano?
While the recent whale activity might raise concerns, it also reflects typical profit-taking behavior during market bounces. The key for Cardano now lies in maintaining support above $0.59 and pushing toward the $0.70 mark.
Investors should keep an eye on volume, resistance zones, and any signs of whale re-entry, as these will shape ADA’s trajectory in the coming days.
