{"id":9158,"date":"2025-08-28T18:35:03","date_gmt":"2025-08-28T18:35:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-gears-up-for-a-55-jump-with-ada-etf-decision-looming\/"},"modified":"2025-08-28T18:35:08","modified_gmt":"2025-08-28T18:35:08","slug":"cardano-price-gears-up-for-a-55-jump-with-ada-etf-decision-looming","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-gears-up-for-a-55-jump-with-ada-etf-decision-looming\/","title":{"rendered":"Cardano price gears up for a 55% jump with ADA ETF decision looming"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano price is eying a major bullish breakout as a key deadline for the Grayscale ADA ETF nears.\u00a0<\/p>\n<div id=\"cn-block-summary-block_77ee8b53fe145c485f778deac08a5ffd\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Cardano price could surge soon as a key ADA ETF decision is coming.<\/li>\n<li>The SEC will deliver its decision on the Grascale ETF in October.<\/li>\n<li>Technical analysis points to a strong ADA jump soon.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Cardano (ADA) was trading at $0.862 on Aug. 28, up by nearly 70% from its lowest level this year.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">ADA ETF odds jump ahead of key deadline<\/h2>\n<p>Cardano token could jump in the coming weeks as <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/cardano-etf-in-2025?tid=1756398042420\" target=\"_blank\">Polymarket data<\/a> shows that the odds that the Securities and Exchange Commission will approve Grayscale\u2019s ADA ETF this year.\u00a0<\/p>\n<p>The poll, which has almost $400,000 in assets, places the odds of this approval at 83%, its highest level since July 11. It has jumped from a low of 42% in June.\u00a0<\/p>\n<p>The SEC has set the final deadline for the Grayscale ADA ETF at October 27. After several delays, the agency will likely approve the fund since Cardano is a mainstream cryptocurrency similar to Ethereum. It is also a highly liquid token with a daily volume of over $1.3 billion.\u00a0<\/p>\n<p>An ADA ETF approval would be bullish because it would lead to more purchases by American investors. Recent data shows that there is a strong demand for cryptocurrency ETFs.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\">data<\/a> shows that spot Bitcoin ETFs have had cumulative inflows worth $54 billion, while Ethereum (ETH) funds have added $13.6 billion in inflows since their inception.\u00a0<\/p>\n<p>Cardano\u2019s price has other potential catalysts that may drive it higher in the coming months. For example, Charles Hoskinson has hinted at a partnership with Ripple (XRP).\u00a0<\/p>\n<p>Also, its developers are working on Midnight, a sidechain that could be launched later this year. The Glacier airdrop, where Cardano holders receive NIGHT tokens, is ongoing.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Cardano price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ADA price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>Another bullish catalyst for ADA price is its strong technicals, which may push it higher in the long term. The daily timeframe chart shows that the Cardano token formed a double-bottom pattern at $0.516, its lowest level in April and June this year. Its neckline was at $0.850, which it has retested.\u00a0<\/p>\n<p>Cardano price has also formed a golden cross pattern, as the 50-day and 200-day moving averages have crossed each other. It is also in the process of creating a bullish flag pattern, which happens when an asset forms a vertical line followed by a descending channel.\u00a0<\/p>\n<p>Therefore, the token will likely have a strong bullish breakout to $1.325, its highest point in November, and a 56% jump from the current level.\u00a0<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price is eying a major bullish breakout as a key deadline for the Grayscale ADA ETF nears.\u00a0 Summary Cardano price could surge soon as a key ADA ETF decision&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9158"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9158\/revisions"}],"predecessor-version":[{"id":9159,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9158\/revisions\/9159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7732"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}