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.
Sudeep Saxena is one of the co-founders of Coin Gabbar. Apart from developing the business, he is also a CMA by profession. Sudeep contributes to #TeamGabbar by writing geopolitical blogs.
Sudeep has an extensive experience in the crypto space and intents to build a rich knowledge bank in the form of blogs and articles, that shall develop a basic understanding of the crypto world for any new entrant in the market. When not writing, he can be found reading books.
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