Cardano (ADA) Eyes $1 Milestone as Whales Accumulate and ETF Hype Intensifies

Whales are betting big on Cardano—and the smart money's not wrong. With ETF approval odds climbing, ADA's poised for a breakout.

Forget 'slow and steady.' Cardano's whale activity screams momentum as institutional interest creeps into crypto's favorite proof-of-stake chain. The $1 price target? Suddenly conservative.

Meanwhile, TradFi scrambles to slap 'blockchain' on anything—but ADA's organic growth tells the real story. The ETFs are coming. The whales know it. Do you?

• Cardano whales purchased 200M ADA in 48 hours, boosting optimism ahead of a potential ETF approval.
• ADA price consolidates just below $0.80–$0.85 resistance, with a breakout potentially pushing it toward $1.50.
• Trading volume and open interest are rising, signaling increased market confidence and bullish momentum.

Cardano (ADA) is showing strong momentum in the market. At the time of writing, ADA is trading at $0.8588 with a 24-hour trading volume of $3.69 billion and a market capitalization of $30.11 billion. The price has climbed 10.11% in the past 24 hours, drawing attention from the crypto community.

Cardano Whales Buy 200M ADA Ahead of ETF Approval

As reported by popular crypto analyst Tom Tucker, whales, who are large investors, have bought 200 million ADA in the past 48 hours alone. The spree comes as hopes are high for an upcoming Cardano ETF, with approval odds reaching 75%.

Tucker noted on X (formerly Twitter): “Looks a lot like 2021! Less supply, more demand. If the ETF gets approved, $1 ADA could be closer than we think.”

Cardano Consolidates Below Key Resistance Level

Fueling further excitement, another analyst from Bitcoinsensus has placed ADA on “Breakout Watch.” He says that Cardano’s price has consolidated just below the $080–$0.85 resistance area and a key trendline.,

ADA WOULD have to break out above this level and verify the same to send this rally all the way to $1.50. At present, however, no breakout has yet been confirmed, and this pricing area continues to be key to keep an eye on.

Whale accumulation, ETF speculation, and chart signals all concur, Cardano’s next big breakout may be just beginning. Market commentators now want to see if ADA can break through its resistance and MOVE towards that highly-promoted $1 mark, and on from there.

Cardano Price Momentum Aligns with Rising Derivatives Activity

Derivatives on cardano have gained fresh momentum, and both investor positioning and trading activity have seen respectable increases. According to recent updates, volume rose 23.97% to $3.33 billion, reflecting increased short-term trading interest.

Meanwhile, open interest ROSE 10.21% to $1.45 billion, suggesting that traders are taking more positions, possibly anticipating further price movements. Rising volume and open interest together often indicate stronger confidence in the market, with liquidity improving as marketplace engagement increases.

The Open Interest Weighted (OI Weighted) price is 0.0121%, indicating a moderate but steady funding condition and an overall balanced market sentiment. ADA has shown moderate bullish trends in recent weeks, and above-average open interest has aligned well with this bullish action.

In Cardano’s market history, simultaneous growth in price, open interest, and volume frequently directly precedes volatility surges, so investors are closely watching for a breakout rally or sharp correction.