$36 Million in Cardano Whale Buying Meets a Reversal Setup — What Comes Next?

Cardano (ADA) price is currently under pressure, but underlying indicators suggest a potential trend reversal. A bullish RSI divergence formed on the daily chart between November 21 and December 18, where price made a lower low while the RSI printed a higher low, mirroring a pattern that preceded a nearly 30% rally previously. This technical signal is being confirmed by on-chain data: the second-largest whale cohort (holding 100 million to 1 billion ADA) has aggressively increased holdings by about 100 million ADA, equating to roughly $36 million, precisely as selling activity (tracked by spent coins) has dropped. For the reversal to be confirmed, ADA needs to reclaim resistance levels, ideally breaking above $0.47 to target $0.50 and potentially $0.55. If the price drops below the critical support at $0.34, the bullish thesis would be invalidated.

(Source：BeInCrypto)