Will Cardano [ADA] reach $1? – Examining KEY resistance levels ahead

Cardano is witnessing renewed capital inflows from its top 100 addresses, even as Ethereum holders reduce their exposure. Across the broader market, capital liquidity has improved, with spot investors accumulating a notable $66 million.

Top Cardano [ADA] addresses—defined as wallets holding over 100,000 ADA—have resumed accumulation. These addresses are now driving the renewed interest in ADA, signaling a potential shift in investor sentiment.

According to analysis from Alphractal, accumulation by these top wallets has surged nearly 30% year-to-date.

Joao Wedson, a crypto analyst commenting on the trend, stated:

“[This signals] confidence and a possible strategic positioning for the future.”

This consistent accumulation of ADA stands in contrast to ETH, where top holders have recently trimmed their positions. The divergence suggests a possible capital rotation from ETH to ADA—potentially a bullish sign for Cardano.

However, broader market consensus points to exchanges driving most of this accumulation. Wedson still sees this as a net positive.

“Many associate the largest addresses with exchanges—and that might be true. Still, from this angle, Cardano appears more attractive based on large player behavior.”