Cardano sees 180M ADA whale accumulation amid price stall

Cardano (CRYPTO:ADA) remains in a consolidation phase, trading within a narrow range as of March 12, 2025.

Priced at $0.7217, ADA has declined by 2.93% in the last 24 hours, with investors closely monitoring whale activity and market trends for signs of a breakout.

Over the past week, whales have accumulated over 180 million ADA tokens, raising speculation about potential upward momentum.

Despite this buying pressure, ADA has struggled to break through the $0.75 resistance level.

Analysts caution that liquidation zones between $0.72 and $0.75 could either stall upward movement or trigger sell-offs, further complicating the cryptocurrency’s trajectory.

Cardano recently rebounded from a critical support level at $0.65, suggesting some stability in its price action.

However, it continues to hover in the $0.72 range without clear direction.

The Relative Strength Index (RSI) sits at 47.34, reflecting neutral market conditions with no strong indications of being overbought or oversold.

Market sentiment remains cautious, as evidenced by a significant drop in Open Interest (OI), which fell by 11.52% to $738.11 million.

This decline indicates reduced leveraged trading activity as traders adopt a wait-and-see approach amid ADA’s uncertain price movement.

The lack of sharp increases in user engagement also reflects subdued optimism among investors.

Cardano recorded approximately 31,005 daily active addresses, signaling steady but unremarkable participation in its network.

Looking ahead, analysts predict that ADA could trade at an average value of $0.770 by the end of March 2025 if market sentiment improves.

However, resistance levels and liquidation zones remain significant obstacles to any sustained rally.

At the time of reporting, the Cardano (ADA) price was $0.7092.