Cardano (ADA) has shown impressive resilience, holding well above the critical $1.15 level since Monday despite an aggressive market shakeout from Bitcoin volatility. While many cryptocurrencies have faced selling pressure, ADA’s ability to maintain this support shows its strength in uncertain market conditions.

Top analyst Ali Martinez highlighted the bullish signals for Cardano, sharing data showing a significant enhance in whale activity. This enhance in the number of enormous transactions indicates growing interest from institutional investors and high-net-worth individuals, which often heralds significant price movements.

As Bitcoin shakeouts grip the market, ADA stability above $1.15 becomes a focal point for traders and investors. If Cardano can maintain this level, it could pave the way for a bullish continuation, potentially heading for up-to-date highs. Conversely, the loss of this support would signal increased downside risk and would likely lead to a broader consolidation phase.

As ADA shows relative strength amid broader market turmoil, all eyes are on its next move. Will increased whale activity and bullish sentiment take Cardano to up-to-date heights, or will market uncertainty prevail? The coming days will be crucial in determining the direction and potential of ADA to achieve better results in a challenging market environment.

Substantial players continue to buy Cardano

Cardano consistently makes up-to-date highs and pulls back, holding previous highs as support. This bullish behavior signals powerful market confidence in ADA’s potential to deliver powerful gains in the current cycle. Whale activity has been a key driver of this animated, with enormous ADA holders increasing their positions significantly.

Analyst Ali Martinez shared data on X revealing that Cardano whales have raised over 100 million ADA in the last 24 hours, worth approximately $115 million. This surge in accumulation is a highly hopeful indicator, suggesting that influential investors are preparing for further growth.

This activity coincides with growing rumors of the arrival of “alt season,” a period in which altcoins typically outperform Bitcoin and experience massive price increases. Cardano’s solid fundamentals and growing network activity position it as a prime candidate for significant gains in such a market environment.

The combination of whale accumulation, solid price action, and broader market trends indicate that ADA is poised to capitalize on the potential for massive gains in this cycle. Cardano seems well-positioned to stand out as the market expects the next large moves against altcoins. The key question in the coming weeks will be whether this momentum can be maintained.

Maintaining the price above a key level

Cardano (ADA) is trading at $1.16 after a 15% decline from recent local highs of $1.32. Despite this decline, the price remains above the key support level at $1.15, which could determine its next move. Staying above this level is indispensable for ADA to maintain its upward momentum and signal the possibility of renewed growth.

If ADA maintains support at $1.15 in the coming days, a move towards higher supply zones is expected, potentially targeting a retest at $1.32 and beyond. This level has become a key battleground for bulls looking to regain control and drive prices higher. Such a move would confirm that the pullback was a hearty retracement within an ongoing uptrend.

However, failure to maintain support at $1.15 could signal weakness and extend the current phase of ADA consolidation. In this scenario, the price may oscillate within a certain range, delaying any significant upward move. Traders and investors are closely monitoring this level as broader market dynamics remain uncertain. ADA’s ability to stay above $1.15 will likely shape its near-term trajectory, making it a key moment for the altcoin’s price action.

Featured image from Dall-E, chart from TradingView