Cardano's Investor Sentiment Reveals Potential Rebound

Cardano (ADA) has been experiencing a prolonged period of bearish performance, with its price retesting the $0.25 level after the broader cryptocurrency market drawdown. However, beneath the surface, investor behavior is indicating a growing bullish interest in the altcoin.

Data from Santiment reveals that key whales and sharks have been quietly buying up their holdings over the past 6 months, cumulatively acquiring more than 819.4 million ADA valued at over $213.9 million. This accumulation of ADA has contributed to about 1.6% of the total supply in the market.

Bitcoinssensus, a market analyst, believes that Cardano may have flipped its monthly structure, potentially setting up for a massive pump phase following the correction range. The chart shows early signs of higher timeframe momentum attempting to build, suggesting that significant expansions historically follow prolonged compression stages.