Cardano (ADA) aims for the $1 mark – Analyzing key technical barriers

Addresses holding large amounts of Cardano (ADA) – specifically those wallets containing over 100,000 ADA – have returned to a strong accumulation trend. This move not only sparks a new wave of interest in ADA but also hints at a potential shift in investor sentiment.

According to analysis from Alphractal, the volume of ADA accumulated by "whale" wallets has increased by nearly 30% since the beginning of 2025.

Source: AlphractalCryptocurrency market analyst Joao Wedson commented:

"This is a sign of confidence - and could be a long-term positioning strategy for the future."

Notably, the trend of ADA accumulation is going against Ethereum (ETH), where large wallets are showing signs of reducing their positions. This divergence indicates that capital may be shifting from ETH to ADA – a positive indicator for the outlook of Cardano.

Although the majority of the aforementioned accumulation is believed to come from exchanges, according to the broader market assessment, Wedson still views this as an encouraging signal.

"Many people believe that these large wallets belong to the exchange – and that may be true. But if we closely examine the behavior of the 'big players', their participation actually makes Cardano more noteworthy," he emphasized.

The accumulation of ADA accelerates

The Accumulation/Distribution indicator (A/D) of ADA – a measure that shows whether buyers or sellers are in control – is currently leaning distinctly towards a bullish trend.

As of the time of writing, the trading volume recorded through this indicator has reached 52.34 billion ADA in just 24 hours, indicating that buying pressure is dominating the market.

Source: TradingViewNotably, this accumulation momentum occurs alongside a series of positive signals from both on-chain data (and off-chain ), indicating an overall optimistic picture.

On the on-chain side, capital is flowing strongly into DeFi protocols operating on the Cardano platform. According to statistics from DeFiLlama, the total value locked (TVL) in these protocols has reached 352 million USD in the past 24 hours – a figure that demonstrates the growing confidence of investors in the Cardano ecosystem.

The fact that users choose to hold ADA tokens without signs of short-term selling reflects a long-term investment strategy that is gradually taking shape.

At the same time, off-chain data further reinforces the positive argument. According to data from CoinGlass, in just the past week, 66 million USD worth of ADA has been withdrawn from exchanges and transferred to personal wallets – a typical behavior of the accumulation process.

Source: CoinGlassThis is not a temporary phenomenon, but a continuation of a trend that has been recorded previously.

If this accumulation trend continues to spread, ADA is likely to enter a state of "supply shortage" in the open market - a factor that could drive prices up significantly in the near future.

( Is ADA still on track to reach $1?

Regarding price movement, ADA still maintains a trajectory towards the $1 mark. Current technical analysis indicates that this coin needs to conquer two key resistance levels.

The first resistance at $0.8365 — just slightly lower than the current trading price. If it breaks through successfully, ADA has the potential to accelerate straight to the $0.9373 region.

![])https://img-cdn.gateio.im/webp-social/moments-b9bad4b6e28febfe5da3b33edf849d27.webp###Source: TradingViewWhen the upward momentum is strong enough, breaking through the $0.9373 level will open the door for ADA to reach the $1 threshold.

Currently, the solid accumulation buying force is supporting the first breakout, keeping the $1 target in the sights of investors.

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