🚀 Cardano is Approaching the Break of US$ 1 with Whale Accumulation Driving the Rally

$ADA #cardano @Cardano Foundation

Cardano $ADA is quickly approaching the mark of US$ 1, driven by strong whale activity and the anticipation surrounding a possible Grayscale ETF. After five months of consolidation, the breaking of the resistance at US$ 0.90 has reignited interest, with social volume jumping over 20,000 mentions.

The big news was Grayscale's application to launch a spot ETF for ADA, signaling increased institutional interest. This could bring the necessary liquidity to further boost the price.

Another decisive factor is the movement of whales: transactions above US$ 100 skyrocketed from 86 to over 1,000 in just one week, indicating strong accumulation. This behavior tends to create short squeezes, which trigger rapid increases — explaining the gains of over 30% in the week.

In the derivatives market, open interest rose 24% in the last 24 hours, reaching US$ 1.88 billion — more than five times the growth of the largest altcoin. This reinforces institutional investors' confidence in the rise of $ADA.

The sentiment on social media is largely positive, with even founder Charles Hoskinson celebrating the moment. Analysts like Javon Marks project ambitious targets, pointing to US$ 1.20 and even US$ 2.91 in the medium term.

With technical indicators, institutional support, and community enthusiasm aligned, Cardano is getting closer to breaking US$ 1 — and it could go much further. 🚀

#cardano #ADA @Cardano Foundation#MarketTurbulence

ADA

0.9268

+1.4%