Whales Quietly Accumulate ADA as Cardano Nears Bullish Triangle Breakout, Is $5 Next?

The Cardano (ADA) price is flying under the radar amid growing accumulation by large-holders (“whales”) and a technical formation that traders seldom ignore, a symmetrical ￰0￱ Reading: Is The Dogecoin Bull Run Over? Analyst Predicts When DOGE Rallies Again With ADA currently trading around $0.66, after briefly reaching $0.69 earlier in the week, the stage appears set for a breakout, or a ￰1￱ suggest that if the bullish scenario prevails, ADA could target $1 and beyond, potentially even reaching $5 or more in a longer-term ￰2￱ Accumulation Signals Long-Term Confidence Despite short-term price softness, on-chain data reveal that wallets holding large quantities of ADA are steadily increasing their ￰3￱ to recent reports, wallets with 100,000 ADA tokens have been accumulating over the past six weeks, even while retail demand remains ￰4￱ accumulation is taking place as ADA forms a low-volatility consolidation, such behaviour often precedes major market ￰5￱ divergence is ￰6￱ Open Interest and spot cumulative volume delta (CVD) remain weak, signaling limited retail/speculator engagement, whales are quietly buying the ￰7￱ among large-holders suggests confidence in ADA’s fundamentals and plays into the bullish thesis that this accumulation could underpin a powerful move once the technical breakout ￰8￱ Triangle Breakout Offers Route to Major Upside Technical analysts highlight that ADA has been trading within a symmetrical triangle pattern, a convergence of support and resistance trendlines, typically signalling a buildup of tension before a decisive ￰9￱ crucial support near $0.61 and resistance roughly at $0.70–$0.75 mark the boundaries of this formation.

A decisive breakout above the upper trendline could unlock a rally toward $0.80–$0.85, and potentially beyond $1.70 per some projections. Conversely, a breakdown below the support would invalidate the bullish setup and could see ADA revisit $0.55 or ￰10￱ the whale accumulation underway, the bullish scenario currently seems favoured, but traders must still watch for confirmation. ADA's price trends sideways on the daily chart.