Cardano ETF Approval Odds Climb as Analysts Forecast Price Surge

Cardano ETF approval odds surged to 83%, significantly boosting investor confidence and pushing bullish sentiment across the ADA market.

Technical analysis shows Cardano has broken key resistance levels, with analysts pointing to patterns suggesting price targets up to $4.

Increased whale activity and developer updates strengthen market conviction that Cardano may enter a sustained price rally.

Cardano has re-entered a bullish phase on its weekly chart, according to recent analysis by Trend Rider. The ADA token has broken above daily resistance levels, signaling growing buying strength. Although its oscillator line remains slightly negative, the analyst believes continued momentum could support a price move toward $1.20, particularly if Bitcoin maintains its current trend.

Further reinforcing bullish sentiment, another analyst, Crypto Smith, identified a classic “cup and handle” formation on Cardano’s chart. The token is currently testing a breakout point near $0.92. According to Smith’s analysis, sustained strength above this level could position ADA for a rally that might exceed $4. Whale accumulation appears to have concluded, further strengthening the case for a continued upward move.

Analysts Highlight ADA’s Price Magnet Toward $3

Finance Bull, another crypto analyst, described Cardano as a potential major gainer. He pointed to the network’s use case growth, declaring that a price above $3 is not just a target but a natural draw. His analysis echoes growing sentiment among market participants who are increasingly optimistic about ADA’s future price trajectory.

Market optimism has intensified following the latest update from prediction market Polymarket, which raised the odds of a Cardano ETF approval to 83%. Bloomberg analysts placed the odds even higher at 90%. These updates follow months of delays by the SEC on spot Cardano and Avalanche ETF decisions, with a final ruling expected in October 2025.

Institutional Interest Grows as Final SEC Deadline Near

Analysts believe the approval of a Cardano ETF could open the door to increased institutional investment. Such inflows could further drive demand and price action. The SEC’s recent regulatory posture suggests a more favorable climate for crypto-related products, further supporting the bullish outlook on ADA.

Cardano’s founder, Charles Hoskinson, has highlighted the long-term potential of the network’s innovations, such as the Midnight project. He suggested that Cardano could outperform Bitcoin in percentage gains if current development plans materialize.

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