Cardano climbs to $0.85 as large holders accumulate amid ETF filing

Cardano's ADA has rebounded over the past week, climbing from a repeatedly tested support zone near $0.75 to trade around $0.83 to $0.85 as investors weighed renewed buying interest, on‑chain flows and fresh institutional recognition. The recovery followed a brief pullback that left ADA consolidated inside a multi‑month range and punctuated by a break below a key ascending trendline earlier this year.

Technical indicators and market data show a mixed but cautiously optimistic picture. ADA has cleared the $0.82–$0.83 zone, which had acted as resistance, and short‑term momentum indicators such as Bollinger Bands and the relative strength index suggest the token moved out of oversold territory. Traders are watching immediate resistance at $0.85, with further barriers around $0.88–$0.95; a sustained move above those levels would increase the likelihood of a push toward the $1 mark and higher technical targets cited by analysts in recent commentary.

On‑chain metrics underscore a split between larger holders and leveraged traders. Wallets in the 10 million to 1 billion ADA range accumulated roughly 70 million ADA in recent days, bringing large‑holder balances to about 5.53 billion...