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SuperTrend Turns Bullish on Cardano After Months of Declines

Large ADA wallets now hold 67.47% of supply, a new high that could tighten available float.

Overview

  • Cardano’s SuperTrend, a trend-following gauge that flipped to a buy Thursday, follows a September 2025 sell signal that came before a 73% slide.
  • Santiment reports wallets with at least 1 million ADA now hold 25.09 billion tokens, equal to 67.47% of the circulating supply.
  • ADA trades near $0.266, with analyst Ali Martinez setting a first target at $0.33, a second at $0.42, and an invalidation at $0.25.
  • The 200-day simple moving average near $0.344 sits overhead, and daily RSI and MACD readings suggest momentum is fragile.
  • High concentration in large wallets can reduce coins available to sell and set the stage for recoveries, but it does not predict when a rally will begin.