Cardano Price Prediction: Whale Money Moves Out of Ethereum and Into ADA – $10 Target?

Key Points

1. Top 100 Ethereum whale wallets are profit-taking, while top 100 Cardano wallets are accumulating ADA, signaling bullish sentiment for Cardano.

2. A potential spot ADA ETF approval by the SEC, with a deadline of October 23, could unlock significant demand for Cardano.

3. Technical analysis shows ADA forming a descending triangle and flag pattern, with indicators like RSI and MACD suggesting a potential short-term uptrend.

4. Bloomberg analysts assign a 90% chance for a Cardano spot ETF approval by 2025, which could attract substantial institutional investment.

5. The CLARITY ACT, expected around October, may further support Cardano's market position and regulatory clarity.