Crypto analyst Ali Martinez said a long-running SuperTrend signal on Cardano’s daily chart has turned bullish, months after the same tool marked the start of a steep decline. The call comes alongside new on-chain data from Santiment showing that major ADA wallets now hold a record share of supply.
Cardano SuperTrend is turning bullish
Martinez framed the latest signal as notable for the indicator’s earlier timing. In a post on
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“The SuperTrend indicator has been my most accurate tool for anticipating Cardano’s long-term shifts. I have been following it closely since September 25, 2025, when it showed a sell signal that perfectly marked the start of a 73% price drop. After months of this heavy correction, the indicator has just reversed.”
The new signal does not guarantee a continuation of the trend, and Martinez linked specific levels to the setup. Its first upside area is the $0.33 resistance zone, with a secondary target of $0.42 if momentum continues. According to him, the invalidation level is at $0.25.
“To me, this suggests that the local depletion phase is over and a trend reversal is finally underway,” Martinez wrote. “I expect a rise towards the resistance zone at $0.33. If momentum continues, my secondary target is at $0.42.”
ADA Whale Holdings hit record highs
The technical signal is accompanied by a separate on-chain reading from Santiment, which states that Cardano’s largest wallet cohort has continued to accumulate during the draw. According to the analytics firm, wallets with at least 1 million ADA now manage 25.09 billion tokens, representing 67.47% of the existing supply.
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“Cardano’s key stakeholders have slowly but surely rallied and have consistently added more and more of the existing offering to their bags, dating back to December 2023,” Santiment wrote. “Although the asset has lost -71% of its market capitalization over the past nine months, the ‘millionaire’ level of Sharks and Whales seems content to add more while prices are at a discount.”
The Santiment chart shows that the ADA balance of 25.09 billion is an all-time high for wallets with at least 1 million tokens. It also says the 67.47% supply share is the highest since July 2020. For traders, that creates a familiar but important tension: concentration among larger holders can be read as conviction during a sell-off, but it also makes future price action more sensitive to whether those portfolios continue to accumulate, pause or divide in strength.
Together, the two signals give ADA a cleaner short-term setup than during much of the correction. Martinez’s thesis relies on a position at $0.25 as support, while the upside scenario requires the new SuperTrend buy signal to translate into sustained demand towards $0.33 and then $0.42. Santiment’s data adds a structural layer to that view, showing that large investors increased their exposure even as ADA’s market value fell sharply.
At the time of writing, ADA was trading at $0.2664.
Featured image created with DALL.E, chart from TradingView.com