Cardano

bullish

Stronger

Resistance

Surge

<ul>
 <li>ADA whales now control over 67% of circulating supply despite prolonged price weakness.</li>
 <li>Analyst Crypto Patel maintained a bullish long-term $10 target driven by sustained accumulation.</li>
 <li>ADA remains under bearish pressure near $0.25 with oversold indicators but weak momentum.</li>
</ul>
<p>Cardano whales tightened their control over ADA supply as the token traded near $0.249. According to analyst Crypto Patel, wallets <a href="https://x.com/CryptoPatel/status/2056215701833039972?s=20" rel="noopener noreferrer nofollow">holding</a> over 1 million ADA now control 67.47% of the circulating supply. The accumulation trend continued despite ADA losing significant market value and decentralized finance activity weakening over recent months.</p>
<h2 class="wp-block-heading" id="strong-whale-accumulation-expands-strong"><strong>Whale Accumulation Expands</strong></h2>
<p>According to Crypto Patel, whale wallets now hold 25.09 billion ADA tokens valued near $6.5 billion. He stated that accumulation has continued steadily since December 2023, even as retail traders reduced exposure.</p>
<p>Patel also maintained a long-term $10 target for ADA. He linked that outlook to rising whale ownership and continued large-scale accumulation during market weakness.</p>
<p>Meanwhile, the broader <a href="https://cryptofrontnews.com/cardano-price-holds-discount-zone-as-crt-signa/" rel="noopener noreferrer nofollow">Cardano</a> market showed weaker conditions during the same period. The report noted Cardano’s market capitalization declined 75% within nine months, while DeFi total value locked dropped 80%.</p>
<p>However, whale activity moved in the opposite direction. Large holders increased exposure while overall market sentiment weakened across the sector.</p>
<h2 class="wp-block-heading" id="strong-ada-price-faces-continued-pressure-strong"><strong>ADA Price Faces Continued Pressure</strong></h2>
<p>ADA traded around $0.2494 after declining steadily from the $0.2800 range between May 10 and May 18. The chart showed repeated lower highs and lower lows, confirming sustained bearish momentum.</p>
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<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2026/05/ADAUSDT_2026-05-18_10-30-54-1-1024x724.png" alt="">
 <figcaption>
  Source: TradingView
 </figcaption>
</figure>
<p>Notably, trading volume increased sharply during major selloffs around May 15 and May 18. Current volume stood near 1.69 million ADA as the token tested lower support levels.</p>
<p>The Relative Strength Index reached 30.07, while its moving average stood near 36.12. That reading placed <a href="https://cryptofrontnews.com/ada-price-holds-range-while-traders-reduce-exp/" rel="noopener noreferrer nofollow">ADA</a> close to oversold territory, although bearish momentum remained dominant below the neutral 50 level.</p>
<p>At the same time, the MACD indicator stayed negative. The MACD line remained below the signal line, confirming continued downside pressure.</p>
<h2 class="wp-block-heading" id="strong-support-and-resistance-levels-tighten-strong"><strong>Support and Resistance Levels Tighten</strong></h2>
<p>Current support is between $0.2480 and $0.2450. If buyers fail to defend that range, <a href="https://cryptofrontnews.com/cardano-faces-9-9m-liquidation-risk-as-ada-ho/" rel="noopener noreferrer nofollow">ADA could decline</a> toward $0.2400. However, immediate resistance remains near $0.2550.&nbsp;</p>
<p>Stronger resistance also formed between $0.2600 and $0.2650 as sellers continued controlling short-term momentum. The narrowing MACD histogram suggested selling pressure had started slowing slightly, despite the broader bearish structure remaining intact.</p>
<p>The post <a href="https://cryptofrontnews.com/analyst-sees-ada-surging-to-10-as-cardano-whale-holdings-surge/" rel="noopener noreferrer nofollow">Analyst Sees ADA Surging To $10 as Cardano Whale Holdings Surge</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Analyst Sees ADA Surging To $10 as Cardano Whale Holdings Surge

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