Cardano is trading at $0.5788 after recovering from recent lows. The cryptocurrency has maintained support above $0.57 following a pullback from its previous rally.
The token rebounded from key support levels last week. This recovery has sparked interest among traders watching for signs of continued upward movement.
Large holders of Cardano have been actively buying during the recent price decline. Whales and sharks, which refer to addresses holding between 100,000 and 100 million coins, accumulated 348 million ADA tokens over four days.
This accumulation is worth approximately $204.3 million. The amount represents close to 1% of Cardano’s total circulating supply.
🐳 Cardano's key stakeholders have accumulated big since its drop below $0.50 last week. In the past 4 days alone, whales and sharks have:
📈 Accumulated 348M $ADA ($204.3M)
📈 Accumulated 0.94% of $ADA supply🔗 Bookmark and track their trends here: https://t.co/doYgcPciuR pic.twitter.com/71s2dIDmPq
— Santiment (@santimentfeed) November 10, 2025
Data shows the percentage of ADA held in these large wallets has increased. This pattern suggests major market participants are positioning themselves for potential price appreciation.
The MACD indicator is displaying a slight bullish crossover on the four-hour chart. However, the momentum remains weak based on the small histogram readings.
The RSI currently sits at 56.89. This places ADA in neutral territory with room to move higher before reaching overbought conditions.
Cardano has broken through a long-term descending trendline. The token has gained more than 7% over the past seven days.
The price is currently testing resistance between $0.60 and $0.70. A successful break above $0.60 could open the path toward $0.65.
If Cardano pushes past $0.65, the next target sits at $0.70. This level represents a key psychological barrier for traders.
Cardano $ADA must hold $0.50 as support to keep the path open for a rebound to $0.70. pic.twitter.com/d1vNxyX96P
— Ali (@ali_charts) November 11, 2025
The $0.55 level serves as important support. A drop below this price could lead to further declines toward $0.50.
Long-term holders appear to be accumulating around the $0.50 zone. This region has repeatedly attracted buyers during previous price drops.
Some analysts point to a broader accumulation pattern between $0.59 and $0.62. This range has served as a consolidation base over recent months.
Historical seasonal patterns suggest ADA typically sees increased activity in late Q4. Past cycles have shown strength continuing through the first quarter of the following year.
The token has spent nearly a year consolidating between $0.50 and $1.30. Long periods of sideways movement have previously preceded stronger price expansion in earlier cycles.
Market participants are watching the $0.64 to $0.70 range for confirmation of trend reversal. A sustained move above this zone could target the $0.85 to $0.90 area in the short term.
At current prices, Cardano is testing the lower boundary of its recent trading range. Momentum indicators show signs of seller exhaustion.
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