thecryptobasic.com 
Cardano ($ADA) is currently showing a structure that has traders watching closely.
Community figure Evans noted that $ADA is still holding the same key support zone it defended during the previous bear market cycle.
Despite multiple swings over the years, the price continues to respect a long-term support area while facing a downward resistance trend. Such a structure builds pressure in the market, especially when prices compress between support and resistance for a long time.
At the moment, $ADA is trading around $0.2527, down about 5.24% in the last 24 hours but still up roughly 2% over the past month.
Key Points
- Cardano holds long-term support as price compresses between resistance and key demand zones.
- Whales now control over 67% of $ADA supply, showing continued accumulation despite recent price weakness.
- Analysts say $ADA may be entering a breakout phase, with targets ranging from $0.33 to as high as $4.
- However, the bullish outlook depends on $ADA holding $0.25 and broader Bitcoin market strength.
Whales Continue Steady $ADA Accumulation
On-chain data from Santiment shows a strong trend beneath the price action. Large holders are not reducing exposure. Instead, they are slowly increasing it. According to Santiment Intelligence:
- Wallets holding more than 1 million $ADA now control over 25 billion $ADA on average
- This represents 67.47% of the total supply
- This is the highest concentration since July 2020
- Accumulation has been building steadily since December 2023
- Even after a 71% drop in market cap over nine months, large holders continue adding
This suggests that while retail sentiment may appear uncertain, bigger players are positioning at lower price levels.
Cardano Market Snapshot Shows Compression Phase
The chart shared alongside the data highlights a long-term resistance trend gradually pushing the price downward, while a support trend holds firm underneath.
This creates a tightening structure where $ADA has repeatedly bounced from similar levels across multiple cycles. The current price region sits close to the lower boundary of this range, where buyers have historically stepped in.
When prices compress like this for an extended period, the market often enters a phase where momentum builds quickly once a breakout occurs, either upward or downward.
More Analysts Call for an $ADA Bull Run
Many other market watchers are now pointing to a similar structure and projecting promising outlooks. In a recent update, analyst Ali Martinez noted that Cardano may enter a new bull phase after the SuperTrend indicator flashed a fresh buy signal on $ADA’s daily chart.
Martinez noted that the same indicator correctly signaled a sell in September 2025 before $ADA plunged 73%. He believes the correction phase may be ending, with $ADA now targeting $0.33 and potentially $0.42 if bullish momentum continues.
However, he stressed that Cardano must hold above the $0.25 support level to maintain the bullish setup.
Separately, analyst Celal Kucuker said Cardano has one of the cleanest bullish chart setups in the current market cycle, projecting a rally toward $4.
Kucuker highlighted $ADA’s long-term rounded base formation, suggesting that a breakout above the key $1 resistance could trigger a move toward $4.21. From its current price, that would represent a gain of nearly 1,400% and push Cardano above its 2021 all-time high.
In summary, the combination of whale accumulation and long-term support holding gives $ADA a promising setup, according to multiple analysts.
However, the potential move will still depend on the overall market, particularly a broader Bitcoin bull run.
