Cardano (ADA) is currently consolidating within an ascending broadening wedge, demonstrating significant accumulation by large-scale investors. On-chain data reveals that 424 whale wallets acquired over 819 million ADA, valued at approximately $214 million, during this period. This accumulation coincides with the stability of the Midnight mainnet and the upcoming Van Rossum Hard Fork.
From a technical perspective, ADA is maintaining a critical support zone between $0.2440 and $0.2480, which has been defended four times over the last 30 days. With the Relative Strength Index (RSI) in neutral territory, the asset appears to have exhausted its selling pressure. The primary objective is a move toward the macro resistance level of $0.2780 to $0.2800. This bullish thesis remains valid provided the price does not sustain a four-hour close below $0.2400, which would shift the outlook toward the $0.22 liquidity floor. This technical setup emerges as the broader market navigates geopolitical volatility and shifting political expectations.





