Over the past week, Cardano (ADA) has seen an influx of whale accumulation

Over the past week, Cardano (ADA) has seen an influx of whale accumulation, with large investors purchasing over 180 million ADA tokens.

Over the past week, Cardano (ADA) has seen a massive influx of whale activity, with large investors purchasing over 180 million ADA tokens. This activity suggests renewed interest from institutional and high-net-worth investors, who seem to be accumulating ADA in anticipation of a long-term price increase.

According to crypto analyst Ali Martinez, wallets holding between 1,000,000 and 10,000,000 ADA have significantly increased their holdings. As Martinez highlighted, these investors have accumulated over 180 million ADA within a short period, showcasing sustained interest despite the market's rapid changes.

"Despite the recent price decline, we're seeing persistent interest from larger ADA investors, a trend that could be pivotal for the token's fate."

As the whales buy up large chunks of ADA, the circulating supply decreases, which could be a key factor in the upcoming price movements. Especially when the buying pressure remains high for a more extended period, it has been known to precede bullish phases in the Cardano price.

Recently, ADA price analysis shows that the cryptocurrency may be preparing for a rally as high as $36, aligning with the speculation fueled by the Simpsons' prediction.

Despite ADA’s current bearish trend, analysts point to key support at $0.70, growing market interest, and ETF discussions as potential catalysts for a strong recovery.

Despite the strong accumulation, Cardano price has experienced fluctuations in recent weeks. Market analysts are keeping an eye on key support and resistance levels to determine whether the price will consolidate further or break out into a new uptrend. Retail traders remain cautious, especially since past whale movements do not always translate into immediate price gains.

Additionally, Crypto analyst Eilert observed that Cardano price is following a structure similar to its previous market cycle. In the last cycle, ADA retraced 52% from its high before entering an 11-week consolidation phase. This period of sideways movement allowed for accumulation before a significant breakout.

“The last cycle saw a 52% retracement from the cycle high to the 200-week moving average, followed by 11 weeks of consolidation in a $0.30 - $0.60 range, marking a period of deep accumulation from lower time frames.”

As Eilert further noted, historical patterns suggest that such price behavior, especially when support levels hold, has often led to strong bullish moves.

Currently, ADA has retraced 47% from its recent cycle high and is now in its fifth week of consolidation. This mirrors the past cycle, indicating that Cardano whale activity may be reinforcing a new accumulation phase. If the pattern continues, ADA could be positioned for a major price move, provided market conditions remain favorable.

In the previous market cycle, the top altcoin rallied 4,000% from a similar support zone after a prolonged consolidation.

While past trends do not guarantee future performance, according to the analyst, periods of prolonged accumulation are often followed by a surge in price.