NewsBTC

29 October 2025

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Whales Accumulate Cardano as Symmetrical Triangle Breakout Nears

• The price of Cardano (ADA) is currently around $0.66, with potential for a breakout or breakdown due to growing accumulation by large holders ("whales") and a symmetrical triangle pattern.
• Whale accumulation indicates long-term confidence in ADA, with wallets holding 100,000 ADA tokens increasing their positions over the past six weeks, despite low retail demand.
• Technical analysis shows ADA trading within a symmetrical triangle, with support near $0.61 and resistance at $0.70–$0.75. A breakout could drive prices to $0.80–$0.85, or even beyond $1.70.
• A breakdown below support would invalidate the bullish setup, possibly leading to a revisit of $0.55.
• Speculation exists that ADA could eventually reach $5 if it converts supply zones into support and maintains strong whale positioning and technical breakouts.