Cardano price hovered near $0.26 on Wednesday, signaling a potential rebound despite recent volatility across the crypto market. ADA showed a slight recovery in the recent couple of hours following a minor pullback.
Technical indicators are indicating a slightly bullish trend, and traders are monitoring the important level of resistance at $0.30. On-chain data indicates that whales bought 819 million ADA in the recent dip. Despite this ADA has slipped 7% over the past seven days amid renewed concerns over US tariff developments.
Cardano Sees Strong Accumulation from Large Holders Amid Price Drop
Cardano is experiencing a steady accumulation phase among large holders, based on recent insights shared by Santiment. In the last six months, the ADA decreased, dropping to $0.26 after being at $0.90. Despite this decline, wallets with 100,000 to 100 million ADA were still growing their stakes.
The wallets contributed about 819.4 million ADA within the period. The accumulation is estimated at approximately 213.9 million. They also added stocks in value of almost 1.6% of the supply.
According to Santiment, there has been an evident increase in the supply concentration among these investors. Their share changed to 66.84% to 68.44% within 6 months. The total ADA held by the group increased to 25.35 billion tokens.
🐳🦈 Cardano’s key whales & sharks have quietly been accumulating over the past 6 months. While its price has fallen over 71% from $0.90 to $0.26, wallets with 100K-100M $ADA have added +819.4M more ADA ($213.9M) & +1.6% of the total supply. pic.twitter.com/rmyfi8E0XV
— Santiment (@santimentfeed) February 24, 2026
This development indicates the increasing confidence of powerful holders. It also indicates stable purchasing interest as Cardano traded at multi-month lows.
Is Cardano Price Setting Up for a Move Toward $0.30?
The latest ADA price hovered at $0.26 as the market reacts to persistent selling pressure and weakening momentum. Cardano price traded sideways following a short drop, but the chart indicates that buyers are protecting the $0.25 support level with average volume.
The MACD experiences a small bearish cross-over indicating that momentum is weak, with sellers continuing to have short-term control.
The signal lines have a downward trend, indicating diminishing strength on each of the attempted rebounds. Histogram bars are slightly improving, but these are negative and depict a gradual change not a definite turnaround.
The Chaikin Money Flow remains below zero and indicates a continuous outflow of capital in the market. The overall reading is that buyers have not yet recovered a firm conviction.
The price of Cardano remains above $0.25 and has the possibility of recovering in the short term. An upside break of above $0.27 can lead to a retest of $0.28, which is a critical near-term sentiment level.
A rally beyond $0.28 could open a path toward $0.30, where heavier resistance may challenge further gains as per the Detailed Cardano price analysis.
If sellers drive ADA below 0$.25, there is room to the next support at $0.24. This level might dictate the trend, whether to continue or stabilize before making another attempt higher.
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