ADA has outperformed all other larger-cap altcoins today.
There’s rarely a big altcoin gainer during the current market conditions, in which every breakout attempt is halted in its tracks. This is particularly true for weekend moves, as the market tends to freeze on Saturday and Sunday.
The latest example came in the past 36-48 hours. Even though the situation in the Middle East continues to develop quickly, with Trump claiming a Hormuz Strait deal is in the making and Iran refuting his statement once again, BTC and most altcoins have remained sluggish.
However, Cardano’s ADA has emerged as the clear winner this weekend, gaining over 9% and jumping past $0.19 hours ago for the first time in almost a month. Here’s the most likely reason and what could follow next.
Whales Are Buying
Since we are excluding a rally from the broader market, perhaps the most obvious reason behind ADA’s impressive resurgence over the past day has been the recent behavior of whales. These large market participants, who can influence the underlying asset’s price moves with big purchases or sales, have gone on an accumulation spree.
Santiment Intelligence data shared by Ali Martinez shows that whales have scooped more than 240 million ADA in less than a week. Their total holdings went to 14.55 billion before retracing slightly.
The analyst concluded that this substantial acquisition has helped fuel the asset’s notable 22% surge in the past five days, while the rest of the market stagnates.
Whales loaded up. Cardano took off.
Over 240 million $ADA have been accumulated in the past five days, helping fuel a 22% price surge per data from @SantimentData. pic.twitter.com/6Q6P6luBZn
— Ali Charts (@alicharts) August 2, 2026
You may also like:
Major Breakout Knocking on the Door
Another analyst going under the X moniker, Gerla, noted that ADA is “knocking on the door of a major breakout.” Their chart shows that ADA is fighting for the $0.19-$0.20 resistance level now, which capped its previous breakout attempt last month.
However, the bullish RSI divergence and the completion of an inverse head-and-shoulders suggest that ADA finally has the strength to overcome that obstacle and aim at the next one, positioned at around $0.30.
ZAYK Charts was even more bullish, indicating that a successful surge past the first resistance level could pave the way for another leg up toward $0.50.
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
