TLDR
- Cardano broke above $0.90 resistance after five months of sideways trading, posting 33% weekly gains
- Whales accumulated over 200 million ADA tokens while large transactions jumped from 86 to 1,000+ in one week
- Grayscale filed for a spot Cardano ETF, boosting institutional interest and investor sentiment
- Open Interest spiked 25% to $1.88 billion in 24 hours, indicating high leverage in the market
- Technical analysis suggests $3 target possible if ADA breaks above $1.34 resistance level
Cardano price has finally broken through the $0.90 price level that had acted as resistance for five months. The token posted gains of over 33% in the past week and 12% in the last 24 hours.
This breakout came on the third attempt to clear the $0.90 level. Social volume surged by more than 20,000 at press time, showing renewed trader interest in the project.
The price movement coincides with several positive developments for the Cardano ecosystem. Grayscale, a major investment company, filed paperwork to create a spot Cardano ETF. This filing signals institutional belief in long-term demand for ADA exposure.
Whale Activity Drives Price Action
Large holders have been accumulating ADA tokens in recent weeks. Data shows whales bought over 200 million ADA during this period. Transactions worth $100,000 or more jumped from 86 to over 1,000 in just one week.
Over 200 million Cardano $ADA bought by whales in the last 48 hours! pic.twitter.com/FCgCX15P3b
— Ali (@ali_charts) August 11, 2025
This type of accumulation often creates short-term liquidity squeezes. The heavy buying pressure helps explain ADA’s strong weekly performance.
Whale transaction count has since cooled to 937, suggesting some early profit-taking. However, the overall trend remains positive for large holder sentiment.
Exchange flows also support the bullish case. Traders are moving ADA tokens off exchanges to personal wallets. This negative net exchange flow typically indicates holders plan to keep tokens rather than sell quickly.
DeFi Growth Adds Fundamental Support
Activity on Cardano’s decentralized finance applications increased over 32% in the past week. More users are joining the ecosystem and the number of active wallets continues to rise.
Real-world usage often provides fundamental support for price rallies. The growing DeFi activity shows actual utility beyond speculation.
On-Balance Volume, a technical indicator that tracks buying and selling pressure, has reached new highs. This validates that the rally has real buyer support behind it.
Technical Pattern Points to $3 Target
ADA’s current chart structure resembles a pattern from 2021 when the token surged over 200%. Technical analysts call this type of repeating setup a fractal.
Cardano $ADA is mirroring the price structure of its last cycle, but unfolding more slowly. It looks like we’re at the very start of an explosive move. pic.twitter.com/eCtAkNRPyi
— Ali (@ali_charts) August 10, 2025
The key resistance level to watch is $1.34. If Cardano can break and hold above this price, the historical pattern suggests a move toward $3 could follow.
Open Interest in ADA futures contracts has risen 25% to $1.88 billion in just 24 hours. This represents more than five times the growth rate of other major altcoins.
However, the high leverage levels also create risk. Two dense liquidity clusters below the current price could trigger selling if momentum stalls.
Cardano price is showing relative strength compared to Bitcoin and other Layer 1 blockchain tokens. The ADA/BTC ratio hit a five-month high, indicating fresh money rotating into altcoins.
The token’s quarterly gain of 71% trails Ethereum’s 90%+ performance only slightly. It has outperformed Solana by more than 50% during the same period.
Current price action sits just below the $1 psychological level that has acted as strong resistance. A break above this round number could attract additional buying interest.
The combination of ETF filing news, whale accumulation, and DeFi growth provides multiple catalysts for continued upward movement.
