Cardano was trading at $0.29, up 11% in the past 24 hours as Bitcoin reclaimed $67,500 and top altcoins like Ethereum, XRP, and Solana moved towards key levels. Crypto market's bounce pushed the global market cap to $2.33 trillion, up 5% in the past 24 hours. The ADA token was trading higher on rising daily volume, and the uptick suggested bulls are ready to test supply zones above the recent hurdle around $0.30. Gains see Cardano price extend its weekly uptick as data suggests large holders have used recent selling bouts to add to their holdings. Whales accumulate Cardano despite price crash Cardano's native token is among the top altcoins whose price trajectory suffered downward acceleration following the October 10, 2025, crypto crash. ADA fell from near $0.88 during the dump to lows of $0.63, and then plummeted further as the bloodbath on Feb 5 sent prices to $0.24. Unsurprisingly, whales have aggressively accumulated the altcoin through this downtrend. On-chain analytics from Santiment highlighted this scenario via a post on X . According to details, wallets holding 100,000 to 100 million ADA have amassed substantial tokens over recent months. These whales and sharks have essentially tapped into the downturn to buy low, with large holders buying more than 819 million ADA over the past six months. The accumulation amounts to over $213 million over the period, despite Cardano’s price falling by more than 71%. Buying aligns with the sentiment among high-conviction investors, and such activity has typically marked late bear phases. As resilient holders absorb supply from panicked retail traders, the price consolidates above the given support and allows for a notable reversal amid favourable market conditions. In this case, a shift in macro headwinds and broader crypto resilience stand as crucial factors. The bullish outlook may also strengthen amid ecosystem developments, including DeFi adoption and ETF traction. Cardano price technical analysis ADA's daily chart reflects a multi-month bearish trend with lower highs and lows since prices peaked at $1.01 in August 2025. The crash in October accelerated the plunge below $0.80, with Cardano trading below the 20- and 50-day exponential moving averages since. Bulls’ attempt for an upside faded around $0.42 in January 2026, with the 50 EMA acting as a robust supply wall area. Despite this, the RSI has pierced the 50 mark after bouncing off oversold conditions. This is likely to ease selling pressure. Cardano price on the daily chart also boasts a bullish MACD. Cardano price chart by TradingView Bitcoin's surge to $67,500 means a breakout to $70k could follow. ADA bulls can capitalize if volume confirms a close above the 50-day EMA. Further short-term recovery could see buyers eye $0.50. Currently, the $0.27–$0.28 level acts as key support, while the moving averages serve as overhead resistance at $0.31 and $0.48. The post Cardano jumps 11% amid BTC bounce: can ADA accelerate gains? appeared first on Invezz
