Whales Shift $157M in Cardano as ETF Approval Odds Soar to 75% – Bullish Tsunami Ahead?

Big money is making big moves—just as Cardano's ETF prospects hit a tipping point.

Whales dumped $157 million worth of ADA in a single swoop, signaling either a strategic repositioning or a vote of confidence in the network's institutional future. Meanwhile, analysts are pricing in a 75% chance of ETF approval—a number that's got the entire crypto-sphere holding its breath.

The timing couldn't be more poetic: just as Wall Street's suits finally acknowledge crypto might be 'a thing,' the OGs are already three steps ahead. Typical.

Buckle up. When whales and ETFs collide, the market doesn't just move—it erupts.

Technical Picture Points to a Potential ADA Breakout

Currently, ADA trades NEAR $0.78 after a brief pullback from last week’s rally above $0.80. The $0.82–$0.83 resistance zone remains the key short-term barrier. A decisive break above it could send ADA toward $0.93, with the psychological $1 mark in focus. Beyond that, analysts have floated $2 as a longer-term target if momentum accelerates.

Support remains strong at $0.70, where ADA has consistently bounced since mid-2023. Higher lows on the weekly chart suggest accumulation, and open interest in ADA derivatives has reached $1.44 billion, one of the highest levels in months.

While this surge signals growing trader participation, it also sets the stage for heightened volatility.

Technical indicators remain balanced, with the Relative Strength Index (RSI) near neutral, leaving room for further upside. Moving averages on the 20-day and 50-day timeframes still point to a constructive trend.

The convergence of whale accumulation, rising ETF approval odds, and supportive technicals has many traders calling this a “perfect storm” for Cardano. Market analyst The Cryptomist suggests that if ADA can clear its current resistance, it could trigger a chain reaction of buying similar to the 2021 run.

Still, traders remain cautious, noting that failed attempts at $0.83 could lead to a retest of $0.70 or even $0.60. For now, the balance between support and resistance is holding, but pressure is building.

If the ETF green light arrives and whales maintain their buying spree, ADA could be on the verge of one of its most significant breakouts in years.

Cover image from ChatGPT, ADAUSD chart from Tradingview