Cardano Price Slips 2% as Whales Accumulate 150 Million ADA – Bulls Eye $1.50

Highlights:

• Cardano price slumps 2% to $0.85 as trading volume drops 37%.
• ADA whales have scooped up about 150 million ADA tokens in the past 2 weeks.
• Cardano price could rally towards $1.32 previous ATH, if momentum builds and volume holds strong.

The Cardano price is still down 2% to $0.85, as the community sentiment on CoinMarketCap paints an 85% bullish picture. Its daily trading volume has notably plunged 37% to $1.18 billion, indicating decreased market activity. Over the past week, ADA is down about 10% and 1% over the past month, calling for bulls to renew their strength. Meanwhile, according to popular analyst Ali Martinez, the whales have scooped a whopping 150 million ADA tokens over the past 2 weeks. 

150 million Cardano $ADA accumulated by whales in the last 2 weeks! pic.twitter.com/Wf8eBkOmPH

— Ali (@ali_charts) August 22, 2025

Notably, the Supply Distribution data analyzed by Santiment suggests that Cardano has a possible recovery horizon since the number of whale wallets is rising. The metric shows that whales with a range of 10 million and 100 million ADA tokens (blue line) have acquired 130 million tokens over the course of Tuesday to Thursday.

In the same time frame, wallets containing 100,000 to 1 million ADA tokens (red line) and 1 million to 10 million tokens (yellow line) have decreased in the aggregate total of tokens by 20 million. This shows that the age structure of the latter population of whales could have been exposed to the capitulation incident. Instead, the initial batch of wallets grabbed the occasion and bought Cardano at a discount.

A further outlook in the ADA derivatives market shows that the sentiment is not so bullish. The one aspect that saw a significant decline is the volume, which has declined by 20.33% and the open interest declined by 3.45%. This decline in volume can either indicate a short-term cooling-off period following a powerful rally or more profit-taking. Also, its options volume has slumped by 92.94% indicating less speculation in the near-term.

The long positions dominate the short positions within the same period, indicating the existence of optimism. Nonetheless, there are some short-term risks due to the volatility that is still a factor within the cryptocurrency sphere.

Cardano Price Targets Further Upside Above a Parallel Channel

The Cardano price daily chart shows the ADA/USD action with a 50 SMA (Simple Moving Average) at $0.78 and a 200 SMA at $0.71, both trending upward, signaling strong bullish momentum. Moreover, the presence of a golden cross further supports the long-term bullish outlook in the market. Currently, the bulls are eyeing the key resistance at $0.98. If ADA breaches this level, it could moon towards the $1.31 previous ATH.

On the other hand, the Relative Strength Index is at 52.28, suggesting neutral momentum. However, its position above the 50-mean level gives room for further upside if the bulls gain strength. The Moving Average Convergence Divergence (MACD) has made a bearish crossover, cautioning traders of further selloffs. This is evident as the signal line has slipped above the blue MACD line, painting a sell signal. 

ADA Bulls Target $1.50 Mark

Looking ahead, the altcoin season speculation, fueled by broader market optimism, could push ADA to the $1.50 mark. This will be a reality if the momentum builds and volume grows strong. However, with the MACD flashing a sell signal, ADA could drop to $0.76-$0.78 support zones.