Cardano (ADA) Price Poised for Breakout

Whales accumulate 180 million ADA

According to on-chain data, large addresses holding between 100 million to 1 billion ADA have accumulated over 180 million ADA in purchases over the past week. This phenomenon indicates that despite recent fluctuations in the ADA price, large investors remain optimistic about its future prospects.

The current trading price of ADA is approximately $0.7, with a trading volume exceeding $600 million in the past 24 hours. If it can break through the resistance zone of about $0.8, it may trigger a new upward trend.

(Source: ali_charts)

Grayscale Cardano ETF decision postponed

Grayscale submitted its application to convert its Cardano trust into a spot ETF in February 2025, and the U.S. Securities and Exchange Commission (SEC) has postponed the final decision date to October 22, 2025. Although the delay may bring short-term uncertainty, the market generally believes that if the ETF is approved, it will lead to a significant influx of institutional funds into ADA, further driving up its price.

Midnight Airdrop

Charles Hoskinson, the founder of Cardano, announced that through its privacy-oriented sidechain project Midnight, it will airdrop NIGHT (governance token) and DUST (privacy transaction token) to 37 million addresses across 8 major blockchains. This airdrop, known as Glacier Drop, aims to promote cross-chain collaboration and emphasize fairness, with no tokens reserved for venture capital firms. The plan is expected to go live on the mainnet by the end of 2025 and may become an important factor in driving the growth of the ADA ecosystem.

ADA price prediction

Through AI model data calculations, referencing past ADA prices and related information, predictions for future prices are made, for data sharing purposes only and not as investment advice. Refer to the following chart:

ADA price prediction trend

ADA Price Prediction and Confidence Interval

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Summary

Considering the above factors, Cardano (ADA) has multiple potential catalysts in the second half of 2025, including the continued accumulation by large investors, progress on ETF applications, and the implementation of the Midnight airdrop. If it can break through key technical resistance levels, the ADA price is expected to usher in a new upward trend.