Cardano's Low Price May Signal Accumulation Phase

Cardano's price has dropped significantly since its all-time high in 2023, but one analyst believes the cryptocurrency is entering an accumulation phase rather than a growth story.

The current market environment reflects a broader crypto slowdown, according to the analyst, who notes that Cardano is trading near $0.15 in July 2026, roughly 90% below its ATH with $0.14 as a key support area.

Despite weak retail sentiment, wallets holding 1 million or more ADA now control 67.5% of circulating supply, and whale holdings are at their highest since February 2023, signaling accumulation.

The analyst highlights three major developments that could strengthen Cardano's ecosystem: Leios Scaling Upgrade, RealFi Expansion, and the Van Rossem Hard Fork on July 18, which aim to improve scalability, DeFi utility, and security.