Cardano (ADA) is riding a bullish wave, driven by significant whale accumulation and strong market dynamics. Whales recently acquired over <b>130 million ADA tokens</b> during a price dip to $0.30, solidifying this level as a key support zone.
<h2>Whale Activity and Key Support Levels</h2>
[embed]https://TWITTER.com/ali_charts/status/1861696777155494347[/embed]

Prominent crypto analyst Ali highlighted the whale activity, signaling growing confidence in ADA’s long-term potential. Historically, whale accumulation during downturns acts as a bullish indicator, often prompting retail investors to follow suit.

Following this surge in buying, ADA has rebounded to trade near $0.99. Analysts are eyeing resistance in the <b>$0.36–$0.38 range</b>, with the psychological <b>$1.00 level</b> as the next significant target.
<h2>Market Performance and Bullish Momentum</h2>
As of now, <a href="https://www.cryptoknowmics.com/news/cardanos-ada-hits-monthly-high-amid-strong-market-metrics/" target="_blank" rel="noopener">ADA</a> has surged <b>6.19% in 24 hours</b> and <b>18.47% over the past week</b>, reflecting robust trading activity and investor interest. Its <b>24-hour trading volume reached $3.11 billion</b>, with a market capitalization of approximately $35.39 billion.

Technical indicators point to sustained bullish momentum. ADA remains above the <b>20-day Simple Moving Average (SMA)</b> at $0.756, a dynamic support level. The widening Bollinger Bands indicate heightened volatility, while the <b>RSI at 74.66</b> signals short-term overbought conditions yet confirms bullish momentum.
<h3>On-Chain Metrics Strengthen Confidence</h3>
On-chain data adds to ADA's optimistic outlook:
<ul>
 	<li aria-level="1"><b>70% of ADA holders are in profit</b>, with 71% holding for over a year, signaling long-term commitment.</li>
 	<li aria-level="1">A net outflow of $2.82 million from exchanges on November 27 indicates accumulation and reduced selling pressure.</li>
</ul>
With a 0.94 correlation to Bitcoin, ADA closely tracks broader market trends, further influencing its trajectory toward <b>breaking the $1 barrier</b>.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Whales Fuel ADA Rally: Cardano Nears $1 Milestone

Whale activity reinforces ADA’s $0.30 support level, fueling bullish momentum. Over 70% of holders are in profit as Cardano approaches $1 milestone.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Whales Fuel ADA Rally: Cardano Nears $1 Milestone

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