Cardano Price Prediction: ADA Jumps 9% as Grayscale Backing and Whale Demand Drive Move to $0.70

Cardano price jumped nearly 9% in the last few hours and is currently trading around $0.61. While not related to Cardano has made it into the headlines, but a lot is going on behind the scenes.

Cardano just landed the third spot in Grayscale’s Smart Contract Platform Fund, taking up 18.57% of the portfolio, right behind Ethereum and Solana. That is a major share among the institutional holdings. It means Grayscale, one of the biggest names in crypto investment, sees enough long-term value in ADA to give it serious weight in their smart contract lineup.

Grayscale boosts Cardano to the third-largest holding in its Smart Contract Fund, signaling rising institutional confidence in ADA. Source: Grayscale via X

While Cardano hasn’t always had the spotlight, but this move signals growing trust. Grayscale’s allocation puts ADA ahead of newer players like Sui, Avalanche, and Hedera, showing it’s still a core bet in the layer-1 space. Whether or not ADA makes a price run soon, it’s clear some major players are willing to play it out.

After reclaiming the $0.60 mark, Cardano price is now testing a key resistance around $0.62, an area it hasn’t convincingly broken for days. The chart shared by Crispy shows ADA bumping right into this zone, with a clean neckline across prior local highs. If it clears this level with strength, a move toward $0.70 opens up, backed by increasing volume and a trending RSI.

Cardano retests key resistance at $0.62, with rising volume and RSI hinting at a breakout toward the $0.70 range. Source: Crispy via X

Grayscale just boosted confidence in ADA by making it a major part of its smart contract portfolio. That kind of long-view backing adds a layer of support for the price action. If price flips $0.62 into support, Cardano price prediction starts to lean bullish.

While ADA’s technicals are focused on the $0.62 resistance level, the whales have been making their moves. According to Ali Martinez, whales have added up over 120 million ADA in just the last two weeks. This kind of activity suggests that whales are positioning in advance before the breakout of the resistance.

Whales accumulate over 120 million ADA in two weeks, signaling confidence ahead of a potential breakout. Source: Ali Martinez via X

This buying spree lines up with the bullish narrative. I started with Grayscale’s major allocation to ADA, then technicals showed signs of strength as momentum picked up. Now, the on-chain side shows heavyweight wallets moving in.

While Cardano’s price is challenging resistance near $0.62, ADA’s market dominance is quietly starting to climb again. According to this chart shared by Ssebi, ADA dominance has ticked up to 0.64%, a small but notable reversal after months of decline. This hints at a potential shift in momentum, especially as Bitcoin dominance starts to trend lower.

Cardano’s market dominance rises to 0.64%, marking a subtle but important reversal after a months-long downtrend. Source: Ssebi via X

Technically, ADA’s dominance is curling up off the lows with RSI rising from oversold territory. If this trend continues, it could signal a broader shift in capital flow toward altcoins, and ADA looks to be one of the first in line. Add that to the institutional interest from Grayscale and heavy recent whale accumulation, and Cardano is beginning to look more like a frontrunner.

While ADA is hovering just below its $0.656 breakout level, the on-chain activity is starting to look more supportive. As confirmed by Zhao Lusi, whales have added 120 million ADA over the last two weeks, worth approximately $71 million, and more than $8 million ADA has left exchanges during the same period. That kind of exchange outflow often signals reduced sell pressure and growing holder conviction.

Here’s a quick breakdown of what’s stacking up:

• 120M ADA added by whales, suggesting accumulation ahead of a possible breakout

• $8M ADA withdrawn from exchanges, easing immediate sell pressure

• Price pressing against $0.656, a level that could flip momentum if cleared

• Positive netflow emerging, a shift from recent months of outflows

Put together, it’s not just the price pressing up; it’s the underlying flow of capital and behavior behind the scenes that’s slowly turning in ADA’s favor.

Over $71M in ADA scooped up by whales and $8M withdrawn from exchanges, signaling growing conviction among big holders. Source: Zhao Lusi via X

ADA price has been quietly building pressure for weeks, and now things are finally starting to stack in its favor. Whales are buying, Grayscale is backing, and even ADA’s dominance is ticking up again. It’s not just a chart setup anymore; there’s real weight behind the move this time.

If ADA manages to flip $0.656, the bullish outlook starts to take shape, with $0.70 likely being the first target on the radar.