📊 Cardano (ADA) Gains Strength with Rise and ETF Expectations
⸻$ADA #cardano #ada @Cardano Foundation
🔹 Record Accumulation
• Over 15 billion ADA have been sitting in wallets for more than 12 months — a clear sign of strong accumulation.
• Whales recently bought an additional 200 million ADA.
• The price is still 74.8% below the all-time high of $3.09 (Sep/2021).
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📈 Rally and Technical Pattern
• 16% increase today, reaching $0.98.
• Broke the key level of $0.94, confirming an Inverted Head and Shoulders pattern.
• Technical targets: $1.20 and $1.50 if the momentum continues.
• RSI at 73: strong buying pressure, but in overbought territory.
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🏦 ETF Expectations $ADA
• Grayscale registered the “Grayscale Cardano Trust ETF” in Delaware.
• SEC is already reviewing the NYSE Arca proposal for a spot ADA ETF.
• Probability of approval by August: 75% (market estimate).
• Polymarket indicates an 80% chance of an ETF in the US by 2025.
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📌 Why It Matters
• An ETF would provide simplified exposure for institutional and retail investors without the need to manage private keys.
• Signals maturation and institutional demand beyond BTC and ETH.
• Accumulated increase of 150% in the last year with low short-term selling pressure.
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💡 Summary: Cardano is at a decisive technical and fundamental point. Between historical accumulation, a bullish chart pattern, and increasing chances of an ETF, the $ADA may be about to enter a new phase of appreciation.
