Yes, Cardano ETF Approval odds have just increased to 90%! Bloomberg analysts now say that there’s a 90% prospect the U.S. SEC approves a $ADA spot in 2025.
This news has got the entire crypto world buzzing. But here’s the strange part: despite the hype, ADA price is trading at just $0.561, showing a slight drop of around 1% in the last 24 hours.
So what’s really going on? Will this news help ADA break out soon — or is the market still not ready?
According to a recent post by Coin Bureau, the probability of Grayscale Cardano ETF approval has increased to 90% and the SEC has already recognized the application.
Source: Coin Bureau X Post
Meanwhile, popular crypto account Altcoin Daily listed this currency as one of five coins likely to get approval in 2025, along with Dogecoin, Polkadot, Avalanche, and HBAR.
Source: Altcoin Daily X Acocunt
This is a big deal. When Bitcoin and Ethereum got Exchange traded funds approval, their prices surged as institutional investors started pouring in. A similar scenario could happen with this coin, if the momentum builds.
Let’s break down why the odds are looking so good:
Grayscale is the one who filed the application
Filing Date: February 10, 2025
SEC Acknowledged It: Yes
Cardano ETF SEC Decision Due : October 23, 2025
It is Likely Treated as a Commodity (not a security)
CFTC Futures Exist for ADA, which helps the case
In simple terms — This cryptocurrency ticks all the boxes the SEC wants to see. It’s in a strong position to get, especially as regulators warm up to altcoin-based crypto fund.
Even with this great Cardano news today, the price is stuck in a tricky spot. It’s showing a descending triangle pattern on the TradingView chart — which usually means the market is leaning slightly bearish.
Support: $0.54 — Token has tested this many times
Resistance: $0.59–$0.60 — The coin needs to break this to go up
RSI: 37 — Close to oversold, could bounce soon
MACD: Still not fully bullish, but starting to recover
This pattern shows why Cardano is falling today, even after this positive news.
Let’s look at two $ADA Price Prediction scenarios:
If the Exchange traded funds Gets Approved
Short-Term Target: $0.68
Mid-Term (Q3): $0.75–$0.80
End of 2025: If the approval is confirmed, it could hit $1.10 to $1.40
This would likely happen as big investors come in and market confidence grows.
If It Gets Delayed or Denied
Break Below Support: It could fall to $0.50
Next Key Level: $0.44
Without positive news, the market may lose interest short term.
For now, it is trading in the $0.54–$0.60 zone. A breakout above $0.60 could be the start of a bigger rally.
With the Cardao ETF approval application in motion, and the SEC decision set for October 23, it is entering a make-or-break phase. The fundamentals are strong, and this upcoming event could be a major turning point for its price.
Until then, watch the $0.60 resistance closely. A breakout could bring serious momentum. If you’re asking “Will Cardano reach $1?”—the approval could be the event that makes it happen. So watch out for the upcoing news and always do your own research before investing.