Cardano (ADA) Price Analysis and Prediction: Awaiting Key ETF Decision as Whales Accumulate

Cardano (ADA) has experienced a series of price movements in recent weeks, currently trading at $0.82 after recovering from a low of $0.68.

Cardano (CRYPTO: ADA) price experienced a 15% surge in the past week, recovering from a low of $0.68 amid anticipation of a key decision on the Cardano spot ETF, with a deadline of March 27, 2025.

Recent whale token movements raised speculation about whether large holders were accumulating or distributing their assets.

Technical Analysis: Bearish Trend Broken

Technical analysis reveals three high-volume nodes at $0.74, $0.59, and $0.45, with a Value Area high at $0.876.

The cryptocurrency encountered support at the $0.72 level, where buyers showed consistent interest.

The Awesome Oscillator indicates bearish momentum, suggesting a potential move toward $0.87-$0.90 before a possible continuation of the downtrend.

On-chain metrics show a divergence in Daily Active Addresses (DAA), indicating lower network participation despite the price increase.

However, technical indicators like the Chaikin Money Flow (CMF) and Moving Average Convergence Divergence (MACD) suggest increasing buyer demand and bullish sentiment, respectively.

Cardano recently announced a partnership with Globant, a $10 billion publicly traded company, to utilize the Cardano blockchain for developing decentralized applications and blockchain services.

The cryptocurrency community also adopted a new constitution, a development that could influence market sentiment and price action in the coming weeks.

Current market structure reveals ADA trading in a bearish swing pattern, making lower highs and lower lows since its November rally.

The recent low of $0.845 and lower high of $1.13 in January preceded the current price action.

Trading data indicates $0.82-$0.88 as a supply zone, where sellers were active.

Analysts suggest that bulls need to prevent lower lows to establish a stable range between $0.68 and $0.81.

Price resistance levels are clear, with $0.85 being the next major hurdle.

A break above this level could lead to a test of the $0.90 mark, while failure to maintain support at $0.80-$0.82 could result in a retest of lower support levels.

Short-term traders are taking positions at $0.77, indicating preparation for a price decline.

This comes as some investors shift focus from long-term to short-term positions amid changing market sentiment.

ADA's performance relative to other potential ETF candidates, such as XRP and Litecoin, has been lagging in 2025, although recent price action shows strength compared to market leaders Bitcoin and Ethereum.

At press time, ADA trades at $0.82, up 7.22% in the last 24 hours.