- Cardano drops 3% as whales sell 530M ADA in 48 hours.
- ADA joins Grayscale’s first U.S. multi-crypto ETF, with ETF approval odds strong for 2025.
- Long-term outlook remains bullish, with some analysts calling for $5–$8 in the next cycle.
Cardano (ADA) dropped more than 3% in the past 24 hours, trading near $0.89. The decline followed news from analyst Ali Martinez that whales had sold over 530 million ADA within just 48 hours, creating fresh selling pressure on the token.
Cardano Added to Grayscale’s First Multi-Crypto ETF
Despite the pullback, ADA secured a major milestone with its inclusion in the Grayscale CoinDesk Crypto 5 ETF (GDLC), which launched on NYSE Arca. The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano, giving ADA exposure in the first U.S. multi-crypto ETF. Analysts also highlight 2025 as a key year, with Polymarket odds above 90% for a dedicated Cardano ETF approval.
ADA Short-Term Price Prediction and Key Levels
Cardano’s price remains range-bound after weeks of sideways action. Resistance sits between $0.98 and $1, while support is holding near $0.87–$0.90. A decisive move above $1 could open the way to higher targets, while a breakdown below $0.87 risks pushing ADA lower toward $0.81–$0.84.
Cardano Long-Term Outlook Points to $5–$8
Some analysts remain optimistic despite the short-term weakness. Javon Marks recently suggested that ADA may already be in its most bullish phase, projecting a potential rally of over 400%. In the most optimistic case, Cardano could surge beyond $5 and even approach $8 in the next cycle.
