Cardano whale wallets have reached a four-month high, with 424 wallets now holding at least 10 million ADA each, according to Santiment. This marks a 5.2% increase over the past nine weeks, reflecting strong investor confidence in Cardano's long-term potential. The accumulation by large holders comes as ADA's market value has risen 11% since its February 5 low, despite recent altcoin market fluctuations. Currently trading around $0.2435, ADA has seen a 4.65% drop in the last 24 hours, with trading volume down 15.13% to $394.96 million. The continued growth in whale wallets suggests potential bullish divergence, as large investors focus on long-term value. Holding above $0.24 is crucial for ADA's consolidation, which could support a price rebound. However, if this level fails, ADA may test $0.22 amid increased selling pressure.