Bitcoin News Today: Cardano ADA Price Targets $4 as ETF Approval Odds Hit 83%

Cardano (ADA) is gaining renewed attention from investors as the odds of an Exchange-Traded Fund (ETF) approval rise to 83% on platforms like Polymarket, signaling a shift in market sentiment and regulatory tolerance for crypto assets [1]. This development has sparked bullish forecasts, with analysts projecting potential price targets for ADA as high as $4, driven by technical breakouts and increased whale accumulation activity [2].

Technical indicators suggest that ADA has broken through key resistance levels on both daily and weekly charts. Trend Rider noted that the token has shown signs of sustained buying pressure, with its oscillator line indicating possible upward momentum toward $1.20 if Bitcoin maintains its current trend [1]. Meanwhile, Crypto Smith identified a "cup and handle" formation on Cardano’s chart, suggesting a breakout near $0.92 could propel the price above $4, particularly if the ETF approval materializes [2].

The increased likelihood of an ETF is also being seen as a gateway for institutional capital to enter the Cardano market. With the SEC’s regulatory approach becoming more favorable, analysts believe a successful ETF launch could bring a new wave of liquidity and investor confidence [1]. Charles Hoskinson, the founder of Cardano, has echoed these sentiments, highlighting the platform’s innovations such as the Midnight project and suggesting that ADA could outperform Bitcoin in percentage gains if these developments come to fruition [2].

Long-term price projections from Finance Bull suggest that ADA could naturally gravitate toward a price above $3, driven by the network’s expanding use cases and technological advancements. While some analysts view this as a realistic target, others caution that volatility and regulatory uncertainty remain significant risks [3].

Shorter-term price action has also shown promising signs. ADA is currently trading near the $1.00 psychological level, with analysts noting that a breakout above this threshold could push the price toward $1.15, assuming strong volume confirmation [4]. The outcome will also be influenced by broader market conditions and the approval status of competing ETFs for other major cryptocurrencies like Solana and XRP, which now have an 85% approval chance [5].

As the second half of 2025 approaches, the market will closely watch whether Cardano can sustain its bullish momentum. The final SEC ruling is expected in October 2025, and the success of the ETF filing could serve as a catalyst for both price appreciation and institutional adoption. With growing optimism across the crypto space, Cardano appears well-positioned to benefit from the evolving landscape of crypto regulation and investor demand [2].

Sources:

[1] title: Cardano Price Eyes Rally to $4 as ETF Approval Odds Climb to 83%

url: https://coingape.com/analyst-predicts-cardano-price-rally-to-4-as-etf-approval-odds-climb-to-83/

[2] title: Cardano ADA Price Targets $4 as ETF Approval Odds Rise to 83%

url: https://www.ainvest.com/news/bitcoin-news-today-cardano-ada-price-targets-4-etf-approval-odds-rise-83-2508/

[3] title: Cardano Founder Predicts ADA Price to 100x, Flipping Solana

url: https://disruptafrica.com/2025/08/01/cardano-founder-predicts-ada-price-to-100x-flipping-solana-analysts-think-this-crypto-has-better-chances/

[4] title: ADA Price Prediction for August 2025

url: https://coincentral.com/ada-price-prediction-for-august-2025/

[5] title: Daily Crypto Signals: Bitcoin Holds Range, XRP ETF Approval Odds Surge to 85%

url: https://www.fxleaders.com/news/2025/08/01/daily-crypto-signals-bitcoin-holds-range-xrp-etf-approval-odds-surge-to-85/