Cardano (ADA) could be gearing up for a major price move as on-chain data reveals a sharp increase in whale accumulation, sparking optimism that the token could surge toward the $2 mark in 2025.
According to analytics from Santiment, large wallet holders — commonly referred to as whales — have been consistently adding to their ADA positions, accumulating millions of tokens over the past month. This behavior often signals strong long-term conviction and historically precedes significant bullish moves in ADA’s price.
The latest metrics show that wallets holding between 100,000 and 1 million ADA have increased their total holdings by over 110 million ADA since early March. This growing concentration of ADA in the hands of influential holders is being interpreted by analysts as a potential bullish setup.
Technical setup supports bullish narrative
On the technical front, ADA’s price action has formed a bullish ascending triangle pattern on the daily chart, with strong support around $0.58–$0.62 and resistance in the $0.72–$0.75 zone. A successful breakout above this resistance could pave the way for ADA to test the $1 psychological level, followed by a longer-term move toward $2, especially if macroeconomic and crypto market conditions align.
Crypto analyst Ali Martinez tweeted:
“Cardano’s whale activity combined with technical structure suggests a high probability of an explosive move soon. Keep an eye on that $0.75 breakout.”
Whales betting on Cardano’s roadmap
Part of the confidence may stem from recent ecosystem upgrades, including the continued rollout of the Voltaire governance phase, which aims to fully decentralize Cardano and give ADA holders voting rights over protocol development. Additionally, increased DeFi activity and tokenized asset projects on the Cardano blockchain are contributing to the bullish sentiment.
The number of daily active addresses and total value locked (TVL) on Cardano-based DeFi platforms have also shown encouraging growth over the past two weeks, suggesting broader network usage and adoption.
Key catalysts ahead
If the current momentum continues, traders and investors will be closely watching the following developments:
- A breakout above the $0.75 resistance
- Continued on-chain whale accumulation
- Macroeconomic tailwinds, especially a more dovish Fed stance
- Positive developments in Cardano’s governance and DeFi ecosystem
While ADA’s price remains well below its all-time high of $3.10, rising institutional interest and increased accumulation by large investors could create the conditions for a strong rally in the second half of 2025.
