Cardano Sees Whale Accumulation and ETF Momentum — Analysts Eye $5–$10 Targets
Cardano (ADA) traded near $0.40 while on-chain data and institutional moves fuel bullish forecasts. Santiment reports wallets holding 10M–100M ADA bought ~180M ADA during the recent pullback, indicating whale accumulation. Technical analysts point to a long-term ascending triangle and bullish RSI divergence: Javon Marks says a break above $0.45 could target $2.97, while Quantum Ascend cites Elliott Wave analysis with conservative and primary targets near $5 and $10 respectively. Institutional signals include Cyber Hornet’s S&P Crypto 10 ETF filing (which would include ADA) and anticipation around Grayscale’s proposed Cardano spot ETF (GADA), with ADA now ~18.5% of Grayscale’s Smart Contract Fund. Founder Charles Hoskinson highlighted 2026 as pivotal for Cardano DeFi — notably the Midnight protocol for privacy-preserving cross-chain interoperability with Bitcoin and XRP. At press time ADA was trading near $0.40, up ~3.6% in 24 hours. Primary keywords: Cardano, ADA, whale accumulation, ETF, Midnight protocol, ADA price targets.
Bullish
The article combines concrete on-chain accumulation, bullish technical setups, and growing institutional interest — three major catalysts for upward price pressure. Whale accumulation (≈180M ADA bought by 10M–100M wallets) suggests strong demand at current levels and reduced sell-side liquidity, which can amplify rallies. Technical patterns cited (long-term ascending triangle, RSI bullish divergence, Elliott Wave targets) provide measurable breakout scenarios that traders use for entries and stops; a break above $0.45 would likely trigger momentum buying. Institutional developments — Cyber Hornet’s S&P Crypto 10 ETF filing including ADA and potential approval of Grayscale’s Cardano spot ETF (GADA) — raise the probability of new inflows from passive and institutional investors, structurally supporting higher prices and reducing volatility from retail-driven moves. Founder roadmap updates (Midnight protocol) add fundamental adoption narrative that can sustain longer-term interest. Short-term impact: elevated volatility with upside bias — traders may see quick squeezes on breakouts and should watch $0.45 resistance and $0.38 support. Long-term impact: if ETFs proceed and protocol upgrades deliver, ADA’s market demand profile could strengthen materially, supporting multi-fold price appreciation as forecast by some analysts. Historical parallels: past altcoin rallies following ETF inclusion speculation (and large-scale accumulation by whales) often led to extended bullish runs (e.g., 2020–2021 alt season), though timelines and magnitudes vary. Risks remain — regulatory delays, failed technical breakouts, or macro market sell-offs can negate the bullish thesis.