Cardano Eyes $0.85 Breakout as Ethena Surges 37% on Whale Buying

Cardano (ADA) is showing signs of a potential breakout above the $0.85 level, with technical indicators suggesting bullish momentum. The price has found support near the $0.74–$0.75 range and is consolidating around key EMAs, with RSI stabilizing at around 60. A successful move above $0.85 could open the door to short-term targets between $0.94 and $1.17, with longer-term projections reaching as high as $1.80. Analysts are monitoring daily and weekly chart patterns, including a symmetrical triangle and a falling wedge breakout, as potential catalysts for further gains [1].

Meanwhile, Ethena (ENA) has already experienced a notable price surge, rising more than 37% in the week following strong whale accumulation and a $1.8 million purchase of ENA. The token’s total value locked (TVL) has also increased by 40%, reaching over $7.7 billion, driven largely by demand for its stablecoin, USDe. Institutional support, including a $1 million investment by Arthur Hayes, and record open interest in derivatives further reinforce the bullish case. The price currently hovers around $0.60, with key resistance near $0.7982. A breakout above this level could push ENA toward $1 or higher [2].

While Cardano and Ethena attract attention with their price movements, Cold Wallet is emerging as a unique proposition in the crypto space. Rather than focusing solely on speculation, Cold Wallet is building a utility-driven ecosystem where users earn back a percentage of gas, swap, and fiat bridge fees in its native token, CWT. The platform operates on a cashback model, with top-tier users already receiving up to 100% refunds on gas and 50% on swaps. The system is designed to scale with usage but includes a halving model to ensure long-term reward sustainability [3].

CWT is currently in a presale with a price of $0.00942 in stage 16 of 150 stages. Each stage introduces a small price increase, and the token is expected to list at $0.35171 once the presale concludes. The project has raised over $5 million in early sales, with a hard cap of 4 billion tokens out of a 10 billion total supply. Early buyers benefit from not only a low entry point but also higher long-term value, as the token is projected to reach $2 based on usage growth and reward sustainability [4].

Unlike many speculative tokens, Cold Wallet offers a functional system that rewards active participation, setting it apart from other top crypto picks. As the market continues to evolve, platforms that provide real utility and tangible value are gaining traction, and Cold Wallet appears to be well-positioned for that trend [5].

[1] https://coinmarketcap.com/community/articles/688d3a007319487acc9a6739/