Cardano (ADA) prices rebound 15% as whale activity increases during Van Rossem upgrade
As the leading proof-of-stake blockchain platform, Cardano (ADA) aims to support smart contracts and decentralized applications. Its price has increased by about 15% in the past month. This upward trend comes amid updates in several important ecosystems and renewed optimism among ADA holders.
Technical indicators show signs of recovery
From the daily chart, Cardano's price has recently formed a double bottom pattern between US$0.152 and US$0.16, which is usually associated with potential trend reversals. When prices broke through the $0.18 resistance level, a bullish SuperTrend indicator was also triggered, indicating that market sentiment may be picking up.
ADA's StochRSI has fallen into extremely oversold territory, falling from 20.69 to 3.95. This position typically indicates that the asset is undervalued under current market conditions and may attract buyers seeking a rebound.
Double-digit gains in ADA prices this month and confirmation of a bullish SuperTrend indicator have raised hopes among traders that Cardano may be entering a recovery phase.
Correlation between whale distribution and Bitcoin
Despite these bullish signals over the long cycle, ADA whale activity remains active in the short cycle. Large holders (often referred to as "whales") reportedly took profits on both one-and four-hour charts. This behavior coincides with the price of Bitcoin falling to about $62,000, highlighting the close connection between Cardano and Bitcoin as market leaders.
However, ADA's daily chart remained positive as the Chaikin Money Flow (CMF) read was slightly above zero, indicating that net buying pressure persisted despite intraday volatility.
Van Rossem upgrades and network metrics
A few weeks ago, Cardano's core development team successfully implemented the Van Rossem upgrade. The upgrade is designed to improve the overall efficiency and scalability of the network, but so far, its direct impact on ADA prices appears to be limited.
In terms of the total locked value (TVL) of decentralized finance (DeFi) agreements on Cardano, this figure has dropped significantly from less than $100 million to $18 million. However, growth in stablecoins based on the Cardano network is still advancing rapidly, reflecting the continued expansion of the ADA native ecosystem despite a decline in TVL.
Mini Dictionary: Van Rossem upgrade
Van Rossem upgrade-a recent protocol upgrade to the Cardano blockchain that aims to improve network performance and scalability, help improve transaction processing efficiency and support decentralized applications.
Indicator comparison
Previous value: Cardano price approximately US$0.16, current value: US$0.18;
Previous value: TVL US$100 million, current value: US$18 million;
Previous value: StochRSI above 20.69, current value: 3.95.
Growth of stablecoins amid increased volatility
Despite the overall decline in TVL, Cardano-based stablecoins continue to expand on the network, indicating that development is still ongoing within the ecosystem. This increase suggests that adoption of stablecoins is rising even as other indicators fluctuate.
Market participants say these technology and ecosystem milestones may help attract more trading interest, especially as the broader cryptocurrency market environment stabilizes.
As Cardano shows resilience through new agreement upgrades and asset accumulation by long-term holders, market analysts are paying close attention to subsequent shifts in momentum.

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