Cardano Is Dumping Again, But There’s a Smarter Play Sitting at $0.005
The post Cardano Is Dumping Again, But There’s a Smarter Play Sitting at $0.005 appeared on BitcoinEthereumNews.com.
Cardano’s price momentum seems to be slowing down as more whales take profits and redirect their capital. Analysts have noted that many of these large holders are now shifting focus to Unilabs, an AI-driven fund gaining significant attention with its innovative approach. Unlike other AI projects like NEAR or Render, Unilabs isn’t just applying AI to the crypto space – it’s aiming to revolutionize the entire $500 billion asset management industry. The fund is already managing over $30 million in assets, drawing institutional and retail investors. As ADA whales move their funds into Unilabs, it’s clear that this AI-driven asset manager is quickly becoming a top contender in the 2025 crypto market. Investors Expect Cardano’s Price to Jump as the ADA ETF Odds of Approval Increase Cardano’s price shows potential for a 75% rally toward $1.32, fueled by a bullish technical setup and growing optimism around approving a spot ADA ETF. After a 3% dip over the weekend, Cardano’s price is trading near $0.75. Despite this short-term setback, ADA is testing the upper boundary of a descending triangle on the weekly chart. A sustained upward trend could follow if it breaks through this key resistance level. The $0.91 level represents the 50% Fibonacci retracement – a crucial level. A breakout above this could spark renewed buying pressure and lead Cardano’s price toward $1.32. Though the ADX shows weakening trend strength, the directional movement index still supports a bullish outlook, indicating buyers remain in control. Adding to this bullish sentiment is the rising likelihood of an ADA ETF approval by the SEC. Polymarket data shows approval odds rising from 56% to 63%, signaling growing institutional interest. The success of 21Shares’ ADA ETP in Switzerland, with over $72 million in assets, further boosts optimism. These factors combined suggest that Cardano’s price could…
Filed under: News - @ May 19, 2025 4:29 pm