Large Cardano holders have significantly expanded their positions over the past five days, reinforcing confidence in $ADA’s recent market recovery.
According to data from Santiment, whales accumulated more than 240 million $ADA during the period, pushing their combined holdings to around 14.5 billion $ADA. The aggressive buying coincided with a 22% surge in Cardano’s price, indicating that major investors capitalized on the rally to strengthen their positions. 
$ADA Retains Most of Its Recent Gains
Whale accumulation is often regarded as a bullish indicator because it reflects growing confidence among large investors, who typically increase their exposure when they anticipate further upside.
In the meantime, Cardano has delivered a strong performance in recent days, rallying from around $0.16 to nearly $0.19 within a short period. Although the cryptocurrency has pulled back from its recent peak, it continues to hold on to most of those gains.
At press time, $ADA trades at $0.1801 after slipping below the $0.19 mark. Even so, the token remains up 13.6% over the past seven days and has gained an additional 1.84% over the last 24 hours.
Meanwhile, trading activity has accelerated alongside the price rally. Cardano’s 24-hour trading volume has climbed 43.03% to $614.05 million, highlighting increased investor participation. $ADA also ranks as the 14th-largest cryptocurrency by market cap, with a valuation of roughly $6.75 billion.
Technical Indicators Signal Short-Term Risk
Despite the bullish on-chain accumulation, short-term technical indicators suggest that $ADA could face additional downside pressure.
Market analyst GainMuse noted that $ADA recently confirmed a bearish wedge breakdown on the 30-minute chart after declining to around $0.1802. The analyst stated that the price has already reached its initial downside target near $0.1791, while rising trading volume during the breakdown indicates that sellers currently maintain control.
According to the analysis, $ADA must reclaim the $0.1808 level to invalidate the bearish pattern and restore short-term bullish momentum. Otherwise, continued selling pressure could drive the price toward the next downside target around $0.1747.
The analysis also identifies immediate support near $0.1719, with a stronger support zone around $0.1663 if the decline intensifies. Until $ADA climbs back above the broken wedge pattern, bears are expected to retain the short-term advantage despite the continued whale accumulation.
