Cardano (ADA) Price: Whales Sell 30 Million Tokens as Support Holds at $0.80

TLDR

Cardano whales sold 30 million ADA tokens last week, adding downward pressure on price ADA currently trades around $0.81, holding above key support at $0.80 despite whale selling On-chain activity hit record levels with $5.3 billion in weekly volume signaling strong network engagement Technical analysis shows bullish MACD divergence and support from major moving averages Price could target $1.00 if support holds, but risks dropping to $0.57-$0.70 if key levels break

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Cardano experienced heavy selling pressure last week as whales dumped 30 million ADA tokens after the price reached a local peak of $1.01. The selling began when ADA hit $0.92 and failed to cycle back to the $1.00 level.

Cardano (ADA) Price

Despite the whale outflows, ADA has shown resilience by holding support around the $0.80 zone. The cryptocurrency currently trades near $0.81, maintaining its position above critical support levels.

Trading volume spiked 69% in the last 24 hours, reaching $1.45 billion. ADA’s price also gained 2.50% during this period, suggesting some recovery momentum.

On-chain metrics paint a bullish picture for Cardano’s network activity. The blockchain recorded over $5.3 billion in transaction volume within seven days, marking one of its strongest weeks in 2025.

BREAKING NEWS:

Cardano $ADA explodes with over $5.3 BILLION in on-chain volume in just 7 days.

Marking one of the most explosive and active weeks for the network in 2025.

Is this the start of Cardano’s breakout moment? pic.twitter.com/oPqBpfXJSi

— Mintern (@MinswapIntern) September 2, 2025

Active addresses and open interest have both climbed alongside the volume surge. This increase in network participation often signals growing confidence from both retail and institutional users.

Technical analysis reveals mixed signals for ADA’s price direction. The MACD indicator shows bullish divergence, suggesting weakening bearish momentum. However, exponential moving averages have turned bearish, indicating potential downside risk.

Support and Resistance Levels

ADA has completed what analysts call a “clean retest” of prior resistance at $0.80, which has now flipped to support. This technical pattern often signals the end of a consolidation phase.

📈LONG: $ADA by MasterAnanda

Cardano remains bullish as it stays above key levels such as EMA55, EMA89, and MA200 for seven consecutive weeks. Bearish pressure has been weak, giving an edge to the bulls. Expect continued positive momentum. https://t.co/qA5HeAmip1 pic.twitter.com/U9JnnGLI9m

— Hailey LUNC ✳️ (@TheMoonHailey) September 2, 2025

The cryptocurrency has traded above major moving averages including the EMA55, EMA89, and MA200 for seven consecutive weeks. This trend suggests underlying strength with buyers defending key price zones.

If ADA breaks below the $0.70 support level, the bullish structure could fail. This would open the door for a drop to $0.57-$0.51, an area that marked the double bottom during the previous bear market.

Liquidation Data Shows Mixed Sentiment

Short positions worth approximately $17 million cluster between $0.82 and $0.85. A short squeeze in this zone could trigger a move back toward $1.00.

Source: Coinglass

Long positions around $0.78 are about half the size of the shorts above. This imbalance suggests more downside risk if the support zone fails to hold.

The whale selling activity aligns with ADA’s recent struggle to build sustained upward momentum. Large holders appear to be taking profits after the recent rally to $1.01.

Despite the selling pressure, bulls are defending the $0.75-$0.78 support zone. A successful defense of these levels could prevent deeper retracement and set up another attempt at $1.00.

Cardano founder Charles Hoskinson maintains his goal of competing with Ethereum, though whale actions suggest some caution in the short term. The cryptocurrency remains within a broad ascending channel on longer timeframes.

ADA’s ability to hold current support levels while on-chain activity surges could provide the foundation for the next upward move toward the $1.00 target.

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