Cardano Price Holds Firm Near Crucial Support
Throughout October, Cardano (ADA) demonstrated notable resilience by maintaining crucial support levels between $0.69 and $0.80, even amid recent market fluctuations. Investors kept a watchful eye as the token stabilized within this tight range, indicating a balance between buyers and sellers.
The digital asset was valued at approximately $0.80 at the time of this report, reflecting a modest daily increase of 0.39%. Market sentiment is showing a careful sense of optimism, as traders point out the possibility of a breakout if buying pressure can hold above the $0.86 resistance level.
Whale Accumulation Signals a Resurgence of Confidence
Significant investors have begun to actively gather ADA. Data from Santiment indicates that large holders accumulated nearly 200 million tokens, worth about $140 million, during the period from October 12 to October 14.
Wallets holding more than 1 billion ADA expanded their holdings from 1.50 billion to 1.59 billion, and mid-tier wallets with 10 million to 100 million tokens rose from 13.18 billion to 13.29 billion. This buildup indicates an increasing assurance in Cardano’s medium-term prospects.
Network Activity Reflects Decreasing Selling Pressure
Recent blockchain metrics indicate a notable decline in selling activity. The Spent Coins Age Band indicator experienced a significant decline of 51%, decreasing from 179.06 million to 87.33 million ADA, which suggests a reduction in token transfers throughout the network.
A decrease in activity frequently signals a period of price stability or potential upward movement, as diminished selling pressure enables accumulation to take precedence. Experts view these shifts as a solid basis for possible upward progression.
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eToro Enhances Cardano Staking Availability in the U.S.
In a significant update, eToro has introduced Cardano staking services for its 40 million customers in the U.S. This development allows American users to accumulate rewards on their ADA holdings straight from the trading platform.
Staking effectively takes tokens out of circulation, reducing supply and fostering long-term price growth. Experts suggest that this initiative may motivate more retail investors to retain ADA instead of engaging in short-term trading.
Cardano Builds Momentum With Resistance Zones in the $0.82 to $0.85 Range
The longer-term chart of Cardano reveals an ascending channel, indicating a steady recovery from the lows of September, which were around $0.61. The price has recently bounced back to around $0.73 and is now nearing the $0.80 resistance levels.
Analyst Jesse Peralta pinpointed $0.82 to $0.85 as critical short-term breakout zones, corresponding with significant resistance levels observed in prior cycles. A strong close above these levels may propel ADA towards $1.01 and $1.12 in the upcoming sessions.
Market Indicators Point to Accumulation Zone
The Ichimoku Cloud indicates potential resistance around $0.86, and the converging trendlines suggest a forthcoming breakout test. At the same time, the Relative Strength Index indicates a neutral momentum, implying potential for further accumulation before the upcoming upward movement.
Analyst Jordan noted that ADA has reliably bounced back from its bull market support band since the beginning of 2025. It is essential to keep the price within the $0.75 to $0.80 range to ensure continued upward movement on the weekly charts.
Cardano Accumulation Trends Point to Possible Breakout by Year-End 2025
As whale accumulation increases, staking options broaden, and selling pressure diminishes, Cardano’s framework suggests positive price movement as we approach late 2025.
Should ADA hold its ground above $0.70 and see an increase in volume surpassing the $0.86 resistance, technical models indicate a potential rise to $1.12 by the end of the year. The integration of on-chain and structural data indicates that accumulation is progressing into the initial stage of a possible breakout rally.
