Cardano (ADA) moved within a tight range on Tuesday following a turbulent week marked by a broad crypto market downturn.
Notably, over the past week, the crypto asset surged slightly by 1%, as many major digital assets underwent significant selling pressure.
However, despite this muted price movement, blockchain data indicates that whales are purchasing more Cardano.
According to data from the popular analytics platform Santiment, the number of wallets holding at least 10 million ADA has increased over the past four months.
Santiment noted that whale addresses have risen to 424, representing a 5.2% increase over the past nine weeks.
 
The platform also noted that while ADA has not yet separated from broader altcoin market trends in 2026, its market value has still risen since its early February lows.
Following Cardano’s rebound on February 5, the cryptocurrency has increased by roughly 11%, indicating a gradual recovery despite ongoing market volatility.
Additionally, blockchain analytics firm TapTools recently reported that nearly 59% of the entire ADA supply is currently under active contract, making Cardano one of the most actively staked networks in the cryptocurrency sector.
Elsewhere, analyst Sssebi criticized claims circulating within the market that the asset has lost value. From his point of view, the current price zone could represent a long-term accumulation opportunity rather than a sign of devaluation.
According to the analyst, similar market phases have historically offered favorable entry points for investors willing to adopt a multi-year perspective.
Furthermore, market commentator XRP Captain suggested that ADA could experience a sharp rally in the coming months, arguing that the cryptocurrency may enter a strong upward trend within the next three months.
According to him, while such projections remain speculative, they reflect the optimism still present among segments of the Cardano community.
Nonetheless, analyst Globe of Crypto pointed to a falling wedge formation on the daily timeframe, which is often associated with potential bullish reversals.
According to the analyst, ADA trading above this pattern could pave the way for a move toward the $0.50 level and potentially higher if buying momentum strengthens.
At press time, ADA was trading at $0.244, reflecting a 5.47% drop in the past 24 hours.
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