Cardano (ADA) Sees Major Whale Accumulation – Will It Repeat Its Last Bull Run Fractal?

By: coinsprobe|2025/05/03 12:30:01
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Date: Sat, May 03, 2025 | 04:10 AM GMTAfter a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life over the past month — and this renewed bullish momentum is beginning to spill over into major altcoins, including Cardano (ADA).After experiencing a significant sell-off in Q1, ADA has surged by 7% over the past 30 days — and now, a familiar fractal pattern is emerging, hinting that the recovery may not be over just yet.Source: CoinmarketcapWhale Accumulation Picks Up SteamOn-chain data from crypto analyst @ali_charts reveals a major development beneath the surface: whales are back. In April alone, large holders scooped up over 410 million ADA, worth approximately $300 million at today’s prices.Source: @ali_charts (X)This kind of whale accumulation typically precedes big moves. Historically, when large wallets accumulate at scale, it signals growing confidence among long-term holders and potential preparation for a larger market breakout.ADA Mirroring Its 2021 Bull Run Fractal?In a recent post by analyst @Beastlyorion, ADA is said to be repeating its 2020–2021 bull run fractal — a pattern that includes an inverse head and shoulders setup, followed by a breakout and sharp rally.ADA Fractal Chart/Source: @Beastlyorion (X)Looking at the comparative fractal chart, ADA’s current price action is almost perfectly tracing the same structure seen before its explosive rally in 2021. The chart (see image above) outlines a long-term ascending channel, with ADA now rebounding off its mid-trend support line — just like it did in early 2021.The fractal projection suggests a potential move toward the $9–$12 region if the pattern continues to play out, echoing ADA’s historic surge from below $0.20 to over $3 in its last cycle.Technical OutlookTechnically, ADA has broken out of a year-long descending wedge and is retesting it as support. The price is currently consolidating around $0.70, and if momentum continues, the next key resistance lies around $1.05. A clean break above that level would add further credibility to the fractal thesis.Volume is gradually picking up, and RSI on the daily timeframe remains neutral — giving bulls more room to push higher.Final ThoughtsWhile fractals don’t always play out perfectly, history often rhymes in crypto — and Cardano’s current price structure, combined with significant whale activity, has many eyes on it. If the past is any indication, ADA might just be gearing up for a major move in the months ahead.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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