TLDRWhales purchased 200 million ADA worth $166 million between August 9-10Spot investors added $11 million in purchases during the same periodPerpetual trading shows mixed signals with declining volume but positive funding ratesBreaking resistance at $0.83 is crucial for a potential rally to $1Current price holds steady at $0.81 with moderate bubble risk indicatorsCardano (ADA) is once again capturing market attention after gaining 2.82% in the last 24 hours, with whales making substantial purchases that could potentially drive the price toward the $1 mark. The cryptocurrency currently trades around $0.81, showing resilience despite broader market fluctuations.Recent on-chain data reveals major whale activity in the Cardano ecosystem. According to Santiment, addresses holding between 100 million and 1 billion ADA accumulated approximately 200 million tokens worth about $166 million between August 9-10. This massive accumulation by large holders often precedes significant price movements.Over 200 million Cardano $ADA bought by whales in the last 48 hours! pic.twitter.com/FCgCX15P3b— Ali (@ali_charts) August 11, 2025Retail investors have also joined the buying trend. CoinGlass data shows that spot exchange inflows reached $11 million during the same period, with an additional $3.61 million added more recently. This combined buying pressure from both large and small investors reinforces the current bullish sentiment surrounding ADA.However, the perpetual futures market presents a more complex picture. The Long-to-Short ratio has fallen below 1 in the last 24 hours, suggesting higher selling volume than buying. Trading volume also decreased by 21.49% to $2.14 billion, indicating some reduction in trading activity.Despite these mixed signals, the Open Interest Weighted Funding Rate remains positive at 0.0108%. This metric suggests that long positions still dominate the derivatives market, with these traders continuing to pay funding fees to maintain their positions.Key Resistance LevelsFor Cardano to reach the psychological $1 mark, it must overcome several critical resistance levels. The first and most immediate challenge is at $0.83, followed by $0.88 and $0.93.Historical price action shows that the last time ADA approached the $0.83 resistance zone, it triggered a decline of over 20%. This makes the current price level particularly crucial for determining future movement.A failure to break through $0.83 could result in a substantial price drop. Conversely, successfully clearing this hurdle could set the stage for a strong rally toward the coveted $1 target that many investors are watching closely.Cardano Price on CoinGeckoTechnical analysts note that Cardano’s price structure resembles previous accumulation phases that preceded strong upward movements. The cryptocurrency maintains a multi-year ascending trendline that could serve as a technical magnet for price action.On-chain metrics from Into The Cryptoverse indicate that Cardano’s short-term bubble risk remains at moderate levels, far below the overheated conditions seen during previous market peaks. This suggests room for sustainable price growth without immediate risk of a speculative bubble.Whale Influence and Market OutlookThe recent whale accumulation of over 200 million ADA tokens within just 48 hours reinforces the bullish narrative. Historically, such concentrated buying during consolidation phases has preceded stronger directional price movements.Cardano’s price currently sits within its largest visible volume cloud, indicating that neither bulls nor bears have taken decisive control of the market. The $0.84 to $0.88 range continues to cap upside attempts, while support exists between $0.75 and $0.77.Bitcoin dominance is currently retesting a key support level, which could influence capital flow to altcoins like ADA. A breakdown in Bitcoin dominance might release pressure and allow Cardano to challenge its upper resistance levels.With whales increasing their holdings and on-chain data showing room for growth before market overheating, Cardano’s push toward $1 appears increasingly possible. A clean break above the $0.88 resistance could quickly shift market sentiment, bringing fresh capital and renewed retail interest.Cardano’s current price of $0.81 represents a critical juncture for the cryptocurrency. The token has maintained stability despite recent market fluctuations, positioning itself for a potential move toward higher price targets if key resistance levels can be overcome.ADA price stands at $0.81, with the cryptocurrency testing the crucial $0.83 resistance level that will determine whether it can continue toward the $1 psychological mark or face rejection.The post Cardano (ADA) Price: Breaking $0.83 Resistance Required For Rally To $1 Level appeared first on Blockonomi.