# Cardano Price Rises as Whale Accumulation Boosts Bullish Sentiment

> Cardano is trading above key levels following a strong accumulation phase by large wallet holders. Technical indicators and derivatives metrics suggest the potential for further upward momentum in the near term.

**Type:** article · **Category:** Crypto · **Published:** 2026-08-10 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/cardano-price-rises-as-whale-accumulation-boosts-bullish-sentiment-15580 · **Language:** English
**Tags:** Cardano, Cryptocurrency, ADA Price, Crypto Markets, Santiment Data, finance

Cardano ($0.1977, -0.75%) is holding firm above the $0.196 threshold at the start of the week, following a notable double-digit rally over the preceding fortnight. Market participants are closely watching the sustained buying activity from large-scale holders, commonly referred to as whales, which has provided a solid floor for the asset.

Data compiled by Santiment highlights that wallets holding between 1 million and 10 million tokens, alongside those holding between 10 million and 100 million tokens, have collectively amassed 110 million tokens since Friday. This dip-buying behavior underscores enduring long-term confidence among heavy investors, effectively bolstering the ongoing price recovery.

## Derivatives Data Points to Upward Bias
Market metrics derived from derivatives platforms further validate the improving technical landscape for the asset. CoinGlass figures reveal that the Open Interest-Weighted Funding Rate for the token turned positive over the weekend, settling at 0.0038% on Monday. This positive funding fee indicates that long-position holders are compensating short-position holders, a dynamic that typically signals prevailing bullish sentiment.

Simultaneously, the long-to-short ratio is steadily approaching the neutral parity level, registering at 0.99 at the start of the week. This progression demonstrates that bearish conviction is gradually dissipating across the trading community. A decisive move above the 1.0 threshold would confirm a shift toward dominant bullish positioning.

## Technical Indicators and Moving Averages
Additional insights from CryptoQuant point toward a mild bullish tilt within futures markets, characterized by significant whale orders alongside otherwise neutral indicators. These conditions collectively point toward a continuation of the near-term recovery phase.

Trading at $0.1977 on Monday, the price remains comfortably above its 50-day Exponential Moving Average ($0.1795). Nevertheless, it continues to trade below the 100-day EMA and the 200-day EMA ($0.2712), keeping broader macro resistance levels firmly in focus for market participants.

## Key Resistance and Support Levels
On the upside, immediate technical resistance is positioned at the 100-day EMA near the $0.196 zone. Overcoming this barrier opens the path toward the 50% retracement level at $0.213 and the 61.8% Fibonacci retracement level near $0.231. An additional horizontal barrier sits at $0.236.

A sustained breakout above this dense cluster of resistance is deemed essential to neutralize the broader bearish market structure and clear the path toward the higher horizontal hurdle at $0.2991. Meanwhile, broader altcoin markets, including tokens like Shiba Inu, Bitcoin, and Ethereum, are also exhibiting defensive price action near crucial support zones.

## What this means for you
**For crypto investors:** Increased whale accumulation and improving derivatives metrics suggest potential short-term upside momentum for Cardano, though traders should remain cautious near key technical resistance barriers.

## Questions & Answers

### 1. What is the current trading price of Cardano?
Cardano is trading around $0.1977 at the start of the week.

### 2. How are whale activities affecting the asset?
Large-wallet holders have accumulated significant amounts of tokens, signaling ongoing long-term demand and supporting the price rally.

### 3. What does the funding rate indicate for ADA?
CoinGlass data shows the funding rate turned positive at 0.0038%, suggesting that long positions are paying shorts and market sentiment is bullish.

### 4. What are the immediate resistance levels to watch?
Immediate resistance is located near the 100-day EMA at approximately $0.196, followed by higher retracement levels.

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