Whale Activity in Cardano (ADA): $157 Million Transfer as ETF Prospects Rise to 75%
Cardano (ADA) is currently trading between $0.78 and $0.81, following a brief pullback from a rally above $0.80. The market dynamics reflect a combination of strong holder conviction and favorable technical positioning, suggesting a near-term bullish outlook for the cryptocurrency.
In the past 48 hours, large holders, or whales, have purchased approximately 200 million ADA tokens, worth around $157 million. This substantial accumulation has increased whale holdings to about 10.3% of the total supply, a significant move that reduces ADA’s free float and historically precedes major rallies, as seen with a similar pattern in 2021.
The odds of a Cardano exchange-traded fund (ETF) getting regulatory approval have also risen to about 75%. Approval would facilitate institutional investment from pension funds, hedge funds, and others, potentially driving demand significantly higher.
Technical indicators suggest a potential breakout toward $1 if the resistance at $0.82-$0.83 is cleared. A decisive break above this barrier could propel ADA toward $0.93 and then the psychological $1 level. Strong support exists near $0.70. Increasing weekly lows and elevated open interest in derivatives ($1.44 billion) indicate ongoing accumulation and growing market interest.
Several forecasts suggest moderate to strong upside in the next few months. Some expect ADA to reach approximately $0.90 to $1.15 near-term (August–September 2025), with more optimistic views targeting $1.5 to $2 by late 2025 or early 2026. Longer-term projections reach as high as $3–$5 years out, although these are less immediate.
Valuation metrics indicate a balanced market environment rather than overheated conditions for Cardano. The Relative Strength Index stands at 54.58, providing room for further upside before reaching overbought territory. Bollinger Bands are compressing around the upper boundary, suggesting accumulating bullish momentum but also pointing to the possibility of a short-term correction if overbought conditions develop.
If the key resistance zones are broken, the $0.82-$0.83 level and the psychological $1 mark could be the next targets for ADA. However, short-term volatility and market conditions will still influence outcomes. An ETF approval for Cardano could open the door for institutional investors to gain exposure to ADA through traditional financial markets, potentially driving demand and pushing the price even higher.
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