Cardano (ADA) has posted an impressive 21.6% gain over the past seven days, climbing to $0.8814 and pushing its market capitalization above $31.38 billion.
The rally follows a major development on August 12, 2025, when Grayscale filed for spot ETFs tracking both Cardano and Hedera – a move that mirrors its earlier strategy with Bitcoin.
The ETF application comes amid a sharp rise in optimism for approval. Polymarket odds for an ADA ETF jumped from 69% to 85% since August 8, signaling increasing confidence among traders. Historically, ETF launches have had a powerful impact on prices – Bitcoin soared 154% within six months of its own ETF approval, according to Coinpedia.
The market reaction to the announcement was immediate. ADA’s 24-hour trading volume spiked by 105% to $2.54 billion, reflecting strong participation from both retail traders and trading bots. This surge in activity highlights the growing institutional and retail interest in Cardano as a potential next candidate for a U.S.-listed crypto ETF.
Technical Breakout Signals Further Gains
From a technical perspective, ADA has broken above its July high of $0.87, triggering bullish momentum. Key metrics confirm the positive setup:
- RSI (14): 61.77, showing upward momentum without overbought conditions.
- MACD: Bullish crossover with a histogram reading of +0.0028.
- Fibonacci Levels: Price cleared the 23.6% retracement at $0.872, opening the door to higher targets.
On-chain analysis reveals that whales have accumulated over 200 million ADA in large transactions this week, according to Bitcoinist. The breakout has also fueled algorithmic buying, with ADA’s 7-day volatility now at 21.5%, outpacing Bitcoin’s 18.3%.
Next Price Targets
A sustained close above $0.88 is seen as a critical threshold for Cardano’s short-term trajectory. Analysts suggest that maintaining this level could propel ADA toward $1.08, the 161.8% Fibonacci extension level. More bullish projections, such as those from analyst Ali Charts, see a potential move toward $1.50 if momentum continues.
With ETF optimism building, whale accumulation increasing, and technicals pointing higher, Cardano could be entering one of its most promising phases in 2025. However, traders will be closely watching for updates from the SEC on altcoin ETFs and Grayscale’s next steps in the regulatory process.
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Source: https://coindoo.com/market/cardano-rally-accelerates-with-etf-optimism-and-whale-accumulation/