- Cardano broke out from major resistance, signaling strong bullish price momentum.
- Whales accumulated 200M ADA as ETF approval odds reached seventy-five percent.
- Grayscale registered Cardano and Hedera Trust ETFs in Delaware filings.
Cardano (ADA) is experiencing renewed bullish momentum in August 2025. According to World Of Charts, ADA recently broke out from a descending channel and horizontal resistance zone.
The move has already delivered gains of nearly 25% from recent levels. The 2-day chart against USDT shows a previous rally of 233.53% from $0.8680.
Analysts note this surge mirrors a potential similar rally ahead. The current projection points to $1.7250, indicating a possible 228.15% upside from around $0.88.
Breakout confirmation and a successful retest are being viewed as strong bullish signals. Technical indicators also suggest that growth momentum could continue in the coming weeks.
Whale Accumulation and ETF Approval Odds
Polymarket data shows that the odds of an ETF approval for Cardano in 2025 have risen to 75%. This shift has coincided with notable market activity.
Over the past 48 hours, whale wallets have accumulated 200 million ADA. Analysts report this is signaling increased institutional and large-scale investor interest.
Comparisons are being drawn to market conditions in 2021, when similar accumulation patterns preceded strong rallies. Reduced supply in circulation, combined with rising demand from larger players, could push prices higher.
Analysts also suggest that if a spot ETF is approved, ADA could reach the $1 level sooner than previously expected.
Grayscale’s Cardano and Hedera ETF Registration
On August 12, 2025, Grayscale registered a Cardano (ADA) and Hedera (HBAR) Trust ETF in Delaware. The filing lists CSC Delaware Trust as the registered agent.
Market observers see this as a potential precursor to a formal submission to the U.S. Securities and Exchange Commission (SEC) for spot ETFs in both assets. Such a move would expand institutional exposure to Cardano and Hedera beyond existing markets for Bitcoin and Ethereum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
