Cardano Price Surges Amid Bitcoin Rebound, Whales Accumulate Tokens

The crypto market is experiencing a rebound, with Bitcoin's price rising to $67,500 and pushing the global market cap to $2.33 trillion, up 5% in the past 24 hours.

Cardano (ADA) has been among the top-performing altcoins, surging by 11% in the same period. This uptick has pushed ADA's price above its recent hurdle around $0.30, with daily volume increasing as bulls test supply zones.

On-chain analytics from Santiment suggest that whales have accumulated substantial amounts of ADA during its downtrend, buying over 819 million tokens worth over $213 million in the past six months. This accumulation may indicate a shift in investor sentiment and could be a bullish signal for Cardano's price.

The technical analysis of ADA's daily chart shows a multi-month bearish trend with lower highs and lows since its peak at $1.01 in August 2025. However, the Relative Strength Index (RSI) has pierced the 50 mark after bouncing off oversold conditions, which may ease selling pressure.

As Bitcoin's price continues to rise, ADA bulls may capitalize on a potential breakout to $70k, with key support and resistance levels at $0.27-$0.28 and $0.31-$0.48 respectively.