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. The latest ADA price hovered at $0.26 as the market reacts to persistent selling pressure and weakening momentum. 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.
On-chain data indicates that whales bought 819 million ADA in the recent dip. The wallets contributed about 819.4 million ADA within the period. They also added stocks in value of almost 1.6% of the supply. The share changed to 66.84% to 68.44% within 6 months.
The total ADA held by the group increased to 25.35 billion tokens. The 819 million ADA accumulated by whales signals strong strategic buying interest during the dip, suggesting confidence in long-term price recovery. Rising supply concentration suggests large investors are strengthening positions, potentially reducing circulating supply available for selling pressure.
Cardano’s ADA was trading around $0.26 on Wednesday, signaling a potential rebound after a period of volatility in the broader crypto market. The price remained above $0.25, suggesting a possible near-term recovery as buyers stepped in. On-chain data shows sustained demand from large holders, with whales buying 819 million ADA in the recent dip. Santiment data indicated wallets holding between 100,000 and 100 million ADA increased their stake, lifting their share of the supply to 68.44% and bringing the total ADA held by the group to about 25.35 billion.
A break above $0.27 could lead to a retest of $0.28, while a rally beyond $0.28 could open a path to $0.30, where heavier resistance may challenge further gains. If selling pressure pushes ADA below $0.25, the next support sits near $0.24. The rise in supply concentration among large holders signals sustained buying interest and may limit circulating supply, supporting a longer-term recovery.
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