Cardano Jumps 30% After Whales Accumulate 200 Million ADA
- Whale accumulation strengthens confidence in ADA
- Cardano ETF Boosts Bullish Sentiment
- ADA targets $1,50 resistance with technical support
Cardano (ADA) has seen a strong surge in value following a significant wave of buying by large investors. Over the past two days, approximately 200 million ADA tokens were purchased, totaling $157 million. This move is noteworthy given the proximity to the development of a potential Cardano ETF, whose approval rating is now estimated at 75%, according to analyst Tom Tucker.
The surge in institutional interest comes as ADA's price broke through the $0,90 resistance, boosting its weekly performance to 33%. Following this surge, the cryptocurrency briefly tested the $1 range before retreating to $0,95, maintaining buying pressure above critical levels.
Grayscale filed to list a Cardano spot ETF, signaling growing institutional confidence. The move also boosted positive sentiment around the asset, which had already been gaining momentum with large portfolios.
Analyst Ali Martinez highlighted in his technical analysis that the formation of an inverse head and shoulders pattern on the ADA chart could indicate a move toward $1,15, with potential for a breakout to $1,50 if confirmed. Another study, by Issifou Issaka, points to a possible breakout from a descending channel, projecting the price to reach $1,65.
$1.15 is the main resistance for Cardano $ ISLANDS ! pic.twitter.com/qnGs9bPJBF
— Ali (@ali_charts) August 16, 2025
Beyond the technical and institutional aspects, Cardano took an important step in its network governance. The community approved the release of 96 million ADA from the treasury, equivalent to US$71 million, to fund upgrades through centralized governance.
Combining high investor demand, community support, and promising regulatory prospects, ADA remains among the recent highlights of the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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