Large quantities of Cardano (ADA) coins, approximately 30 million, have been offloaded by significant investors, or whales, as the digital asset trades at a price of $0.81.

Cardano's price action has been a captivating spectacle for cryptocurrency enthusiasts, with the digital asset exhibiting a textbook breakout followed by a retest of prior resistance, potentially flipping to support at around $0.80.

Currently trading at approximately $0.81, ADA is attempting to hold its ground at this crucial zone. Holding above $0.78 to $0.80 will be pivotal for the bulls, as it could signal a stronger move back toward the $1.00 zone.

However, the selling pressure from so-called Cardano "whale" wallets has been a concern for some. Data from Santiment shows that these large wallets have been accumulating ADA during recent price drops, signaling trust. Yet, derivative markets indicate a growing short-term bearish position, suggesting a recovering sentiment and potential short-term corrections supported by these major holders.

The price charts show ADA attempting to stay above the $0.80 zone, aided by the price moving within a broad ascending channel. The moving average (MA)200 offers a strong base for potential rebounds, providing support for the price.

Network activity on Cardano has been impressive, with transaction flows and liquidity both trending higher. Active addresses and open interest have also climbed, reflecting stronger user engagement across the Cardano ecosystem. The trading volume for ADA reached $1.45 billion in the last 24 hours, a 69% increase.

Technical analysts are pointing to a bullish divergence on the Moving Average Convergence Divergence (MACD), with momentum indicators trending upward. This suggests weakening bearish strength and potentially supports a recovery narrative.

However, the long-term uptrend for ADA remains intact, but the Exponential Moving Average (EMA) cross indicator suggests bearish momentum. If the $0.80 support fails, ADA could potentially drop to the $0.57-$0.51 range.

It's worth noting that the Cardano blockchain recorded over $5.3 billion in on-chain volume within the past week, marking one of its strongest weeks in 2025. Despite this, approximately 30 million ADA tokens were sold by whales over the past week.

Charles Hoskinson, Cardano's founder, has expressed a goal to ultimately win against Ethereum. However, recent whale movements have gone in the opposite direction, potentially creating a challenge for the digital asset.

In conclusion, while there are both bullish and bearish signals in Cardano's current price action, the long-term uptrend remains intact. Investors should monitor the price action closely, particularly around the $0.80 support level, as a potential break could significantly impact the asset's trajectory in the short term.

Large quantities of Cardano (ADA) coins, approximately 30 million, have been offloaded by significant investors, or whales, as the digital asset trades at a price of $0.81.