Crypto whales are increasing the activity of those around them There’s Cardano Cryptocurrency, dives over 180m of coins. In particular, ADA accumulation began in May and gradually surged over several days. According to Santimento data shared by Ali Martinez, the amount of ADA held by whales continues to rise during a period of moderate price increases.
In a recent post shared on X, another Crypto analyst, Ali_Charts, shared a potential scenario for Cardano Ada. Analysts have predicted $1 as a potentially achievable short-term price range for Ada Bulls. The long-term bulls show a price hike up to the $1 mark, as shown in his ADA technology chart dating back to December 2024. However, analysts argued that this scenario can only be achieved if it succeeds in exceeding the $0.81 resistance level. “If Cardano Adada breaks past $0.81 resistance, you can set your vision to $1.” However, the ADA is currently far below that resistance and is currently testing $0.64.
The popular Crypto Exchange platform Etoro recently relisted Cardano Ada, allowing access to 38 million users across the global trading platform. With more eyes and opportunities around the ADA, this asset could be set to bounce back from recent struggles. Cardano’s native currency fell 10% last week, with open interest falling during the same period. The decline is a concern, but the network has a promising update ahead of time that could fuel whale movements and possibly boost ADA prices.
Cardano targets the real world asset tokenization aspect of the Web3 world. Token launches Midnight, Ada’s Sidechain aimed at onboard stock trading on the blockchain, essentially revolutionizing the world of trading. ADA founder Charles Hoskinson shared Midnight’s vision, adding how the chain is built “for blockchain inventory.”
At the same time, the fact that ADA is part of the Rising ETF story adds even more to Cardano’s steady popularity. The SEC recently expanded its Grayscale’s Cardano ETF review to assess compliance with investor protection rules. The approval of the ADA ETF could potentially catalyze ADA prices against new highs, with the initial goal being to return to $1.
With each CINCODEX, the ADA could surge to sit at the $0.96 mark by the end of June 2025. “According to current Cardano price forecasts, Cardano prices could rise 27.72%, reaching $0.967813 by June 27, 2025.