Whales and ETF Hopes Spark ADA's Bullish Crossroads

Analysts on social media platforms such as X remain optimistic about Cardano's (ADA) future performance, with price targets as high as $5 being discussed among traders and investors. Despite ADA currently trading at $0.86, some experts believe the cryptocurrency is on the brink of a significant rally. Notably, the pending approval of the first U.S. spot ADA exchange-traded fund (ETF) is a critical factor in the price predictions. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the proposed Grayscale Cardano ETF to October 26, 2025, yet the probability of approval stands at 83% before the end of the year. If approved, the ETF is expected to attract institutional investment, providing broader accessibility and potentially boosting ADA's valuation [1].

A recent surge in whale activity has further stoked speculation about ADA’s trajectory. In the span of 48 hours, whales accumulated 200 million ADA tokens worth $157 million. This coordinated buying, reminiscent of patterns seen during the 2021 bull run, has led some traders to set a $1 price target for ADA. The accumulation activity, coupled with the increased ETF approval odds—jumping from 60% to 75%—has generated considerable excitement in the market. Analysts suggest that the convergence of these developments could trigger an "explosive move" in ADA’s price, similar to past performance [2].

Technical analysis also provides a mixed outlook for ADA's price movements. The cryptocurrency is currently trading near key support levels, with analysts pointing to potential price targets ranging from $1.47 to $4.14. The Elliott Wave pattern suggests that ADA could experience a multi-fold increase if the broader crypto market remains supportive. However, a breakdown below $0.54 could shift the narrative and lead to a deeper correction. On the bearish side, ADA’s price action is being contained within a descending channel, with weak volume on rebounds reinforcing the pressure on the $0.80–$0.82 support zone. Analysts emphasize that unless ADA breaks decisively above the channel’s upper trendline, it remains vulnerable to retracements [3].

In contrast, some analysts argue that ADA is holding above the Ichimoku Cloud on the weekly chart, which historically signals a strong trend. As long as the price consolidates above $0.83, the technical structure supports the possibility of another advance. The MACD indicator and the formation of higher lows on the weekly timeframe further reinforce this perspective. If ADA continues to close above the Cloud and holds the $0.83 level, it could indicate a shift in sentiment and lay the groundwork for a larger upward move [3].

On-chain activity for ADA has reached levels not seen in three years, with trading volume, wallet interactions, and fee generation all hovering near historical lows. This quiet period has historically preceded significant rebounds in ADA’s price, suggesting that the current consolidation could be a precursor to a more substantial move. While the immediate bearish case remains valid if ADA breaks below $0.82, the broader narrative is still open to interpretation. Market participants will be closely watching both on-chain metrics and macro-level developments to determine whether ADA can sustain a bullish breakout or face a deeper correction [3].

Source:

[1] Is Cardano (ADA) Poised for a 500% Pump During This Cycle? (Top Price Predictions) (https://cryptopotato.com/is-cardano-ada-poised-for-a-500-pump-during-this-cycle-top-price-predictions/)

[2] Cardano (ADA) Price Explosion Incoming? Whales Drop 157m as ETF Odds Hit 75% (https://thetradable.com/crypto/cardano-ada-price-explosion-incoming-whales-drop-157m-as-etf-odds-hit-75-ig--a)

[3] Cardano Price Prediction: Can ADA Avoid Breakdown Below 0.82 and Target 0.90 Next (https://bravenewcoin.com/insights/cardano-price-prediction-can-ada-avoid-breakdown-below-0-82-and-target-0-90-next)

[4] Can $ADA Reach $4 by the End of 2025? (https://thetradable.com/crypto/ada-price-prediction-can-ada-reach-4-by-the-end-of-2025-ig--m)