Big Cardano Whales On ADA Buying Spree. They Foresee Big Breakout to $1

A recent post on X by crypto commentator Mr Banana, citing on-chain analyst Alphractal, revealed that major Cardano (ADA) whales are actively accumulating large amounts of the token. The buying spree suggests growing confidence in a breakout rally, with investors increasingly targeting ADA’s next major milestone at $1.

Whales Are Quietly Loading Up on ADA

On-chain data confirms a marked increase in whale activity. Wallets holding between 1 million and 10 million ADA have collectively accumulated more than 120 million ADA in the past two weeks, an acquisition worth over $3.3 billion. This buying pressure has grown more visible as ADA consolidates between $0.60 and $0.85, suggesting large investors are positioning themselves ahead of a major move.

Historically, such accumulation phases have preceded significant price jumps. Earlier this year, whales also accumulated over 180 million ADA during periods of relative price stagnation. The consistency of this behavior points to institutional confidence rather than short-term speculation.

A Golden Cross Signals Momentum

Technically, Cardano’s chart is flashing bullish signals. The asset recently formed its first-ever weekly golden cross, a key indicator where the 50-week moving average crosses above the 200-week average. This pattern is often viewed as a long-term bullish indicator, signaling a fundamental shift in market sentiment.

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ADA is currently testing key resistance at $0.83-$0.85. If it breaks above this zone with sustained volume, analysts believe it could swiftly surge toward the $1 mark. Conversely, failure to hold above this range may lead to a pullback toward the $0.70–$0.76 support region before the next leg higher.

Is $1 ADA Imminent?

ADA has rallied over 50% since early July, climbing from about $0.54 to over $0.83 at the time of writing. This surge has been supported not only by whale accumulation but also by improving technical indicators and increased retail interest.

Market analysts now believe that a breakout to $1 is increasingly likely, particularly if the bullish momentum continues. Some forecasts even suggest ADA could reach as high as $1.10 or $1.20 in the coming months, depending on macro trends, continued accumulation, and protocol developments.

Ecosystem Growth and Institutional Tailwinds

Beyond price action, the Cardano ecosystem is undergoing meaningful growth. The upcoming Chang hard fork and governance-focused upgrades are set to enhance decentralization and on-chain utility. Meanwhile, infrastructure improvements planned for 2026, including the Leios scaling upgrade, will further position Cardano as a competitive decentralized smart contract network.

Institutional interest is also growing. Grayscale’s Smart Contract Platform Fund recently allocated nearly 19% to ADA, making it one of the fund’s top holdings alongside Ethereum and Solana. This exposure, along with speculation around a future ADA ETF, continues to build long-term bullish momentum.

Whales Signal What’s Ahead

The buying behavior of major Cardano whales, as highlighted by Mr Banana and confirmed by blockchain data, reflects strategic accumulation that often precedes significant price appreciation. With the golden cross in play and a breakout above $0.85 within reach, the $1 level is no longer a speculative dream; it’s becoming a realistic target.

If accumulation continues and ADA clears key resistance, whales may once again prove to be the smart money leading the market.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*