Cardano Shows Signs of Whale Backing as ADA Reclaims Key Market Cap Level
Cardano has entered a critical stabilization phase in mid February 2026, with on chain data pointing to renewed whale accumulation during recent price weakness. ADA briefly reclaimed a 10 billion dollar market capitalization around February 15, trading near 0.28 dollars at the time. Although competition for top ten rankings has intensified amid broader market gains, the recovery marked an important psychological milestone for the network.
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The price rebound followed weeks of downward pressure that pushed ADA into the 0.22 to 0.25 dollar range before buyers began stepping in.
Large Holders Accumulate During Weakness
Wallets holding between 10 million and 100 million ADA have reportedly accumulated more than 220 million ADA in recent weeks, valued at approximately 61 million dollars during the period of accumulation. Over a broader two month window, large holders added roughly 455 million ADA, signaling strategic positioning during market dips.
Exchange data also highlighted notable outflows, including tens of millions of ADA withdrawn from major trading platforms into self custody. Such movements are often interpreted as a sign of long term conviction rather than short term trading intent.
Historically, sustained whale accumulation during retail caution has preceded price stabilization or reversal phases. By absorbing available supply, large holders can reduce immediate selling pressure and create a foundation for future upward momentum.
Technical Levels and Market Structure
From a technical perspective, ADA’s ability to defend the 0.27 to 0.271 dollar range has been closely monitored by traders. Holding this support zone is considered essential for maintaining the recovery narrative. On the upside, resistance between 0.30 and 0.303 dollars remains a key breakout area that could determine whether momentum strengthens.
Despite the positive accumulation trend, mixed signals persist. Some short bursts of whale distribution were observed, with estimates suggesting that up to 180 million ADA changed hands during brief periods of selling. Negative funding rates and declining open interest in derivatives markets have also reflected cautious sentiment among leveraged traders.
Market Cap Milestone and Competitive Pressure
Cardano’s temporary return above the 10 billion dollar valuation threshold underscores the impact of renewed buying interest. However, the broader crypto market has experienced strong performance, raising the capitalization bar required to maintain a top ten position. Competing assets have surged, intensifying competition for ranking dominance.
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Volatility remains a defining feature of the current environment. After rebounding toward the 0.35 to 0.36 dollar range in subsequent sessions, ADA faced renewed selling pressure, highlighting the fragile balance between accumulation and broader macro sentiment.
Conclusion
Cardano’s recent price action reflects a market in transition. Whale accumulation suggests strategic confidence at lower levels, while technical resistance and mixed derivatives data indicate caution. If support levels continue to hold and broader sentiment improves, ADA could build on its stabilization efforts and strengthen its standing in an increasingly competitive digital asset landscape.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
