Cardano (ADA) has re-entered the top 10 cryptocurrencies by market capitalization today, February 27, 2026, after a sharp 16% rally.
The token rose from $0.25 to nearly $0.312, with its market capitalization now standing at approximately $10.6 billion, signaling renewed investor confidence in the coin.
The broader crypto market recovery has fueled ADA’s price rebound. The total crypto market capitalization climbed to $2.34 trillion, marking a 4.4% increase.
Major coins, including Bitcoin, Ethereum, XRP, Solana, and Dogecoin, also experienced upward momentum, creating positive sentiment that pushed ADA higher today.
Also Read: Cardano (ADA) Allocation Hits 20.2% in Grayscale Fund
Whales Accumulate $213 Million in Cardano
Another slight push came from Cardano strong buying by whales and large investors has further propelled ADA. Data from @MinswapIntern shows wallets holding between 100,000 and 100 million ADA accumulated over 819.4 million ADA in six months.
Worth around $213.9 million, this represents 1.6% of Cardano’s total supply, hinting at early recovery patterns.
Cardano’s 24-hour trading volume is down 49% to $606.73 million, showing that the market is cooling down after the initial surge.
However, the fact that the coin is still experiencing heavy buying indicates that traders are taking profits while keeping an eye on the market before making their next move.
ADA Price Outlook: What Investors Should Watch
Looking at the Cardano daily chart, ADA is trying to make a short-term recovery, trading at $0.2924, slightly above its 20-day SMA (~$0.2759).
The short-term target for the recovery could be $0.2995 (upper Bollinger band) and $0.3188 (50 SMA), while the longer-term SMAs (100: $0.3586), as per the TradingView chart.
The Bollinger Bands are tight, which is an indication that the price is less volatile. The lower band is at $0.2521, while the middle band is approximately $0.2759.
ADA has bounced back from $0.2521, indicating bullish momentum. A daily close above $0.2995 may trigger a bullish move towards $0.3188 and potentially $0.3586.
The dominant bearish trend has remained intact since November 2025. The first level of support is at $0.2758 (20 SMA) and $0.2521 (lower Bollinger band).
A possible retest of $0.252 could occur if support at $0.3188 is not breached. A break above $0.3586 could result in a test of $0.5557 (200 SMA).
Why This Matters
The whale accumulation indicates potential upside in the price, which reveals high investor confidence and early signs of a revival in the Cardano market.
The short-term technical gains indicate trading opportunities, making ADA an important token to track in the ongoing market rally.
Also Read: Cardano (ADA) Whales Accumulate Massive 819M ADA as Fear Peaks