Cardano Price Set for Breakout as ETF Approval Odds Surge to 83%
Crypto analyst Trend Rider has predicted a strong rally for Cardano (ADA), citing bullish technical patterns and rising investor confidence as Cardano ETF approval odds soar to 83%—a major shift driven by evolving U.S. regulatory sentiment.
In a recent post on X, Trend Rider highlighted that ADA has re-entered bullish territory on the weekly chart, breaking through key resistance levels. While the oscillator still shows slight weakness, the overall trend remains positive, especially as Bitcoin maintains upward momentum. Short-term traders are advised to consider taking profits around the $1.20 level if the rally continues.
The optimism is further fueled by Polymarket, which has raised the probability of a Cardano ETF approval in 2025 to 83%. Bloomberg analysts estimate that likelihood could be as high as 90%, noting recent SEC moves as signs of a more crypto-friendly stance. Approval of a Cardano ETF could unlock institutional capital and drive significant price gains.
Other analysts share the bullish view. Crypto Smith pointed to a classic “cup and handle” pattern forming on TradingView, with ADA currently testing its breakout point near $0.92. If it holds, Smith believes the token could surge past $4. Meanwhile, Finance Bull described Cardano as “one of the biggest sleeper gains in crypto,” predicting a potential rally beyond $3—not as hype, but as inevitability.
Adding to the momentum, delays on Grayscale’s proposed Cardano ETF from May to July have built anticipation ahead of the final SEC decision in October 2025. This ruling is seen as pivotal for ADA’s institutional legitimacy.
Cardano founder Charles Hoskinson recently made bold claims about ADA’s long-term potential. He said that while Bitcoin might still 10x to reach $1 million, ADA could rise by 100x or even 1,000x, citing its innovative projects like Midnight and its potential role as a foundational layer for Bitcoin applications.
With ETF approval odds rising and bullish sentiment growing, the stage may be set for a major Cardano rally heading into the final quarter of 2025.
