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

Cardano (ADA) is gaining traction among investors and analysts as growing optimism surrounds the altcoin’s potential for a significant price surge. The rising likelihood of a Cardano ETF approval—currently at 83% on prediction platform Polymarket and estimated at 90% by Bloomberg analysts—has intensified market excitement [1]. Such an approval could open the door to institutional investment, potentially catalyzing a broader bullish trend for ADA [1].

Technical indicators also support a favorable setup. Trend Rider, a prominent crypto analyst, highlighted that Cardano has re-entered bullish territory on the weekly bands, with key resistance levels already breached. ADA is now trading above critical thresholds, signaling a potential continuation of the upward momentum [1]. Although the oscillator line remains slightly negative, the analyst advised patience, noting that Bitcoin’s ongoing uptrend could provide further support [1].

Crypto Smith identified a "cup and handle" pattern on ADA’s chart, a well-known bullish formation that suggests a breakout is imminent. According to his analysis, ADA is currently testing a key level around $0.92, and a successful break could propel the price toward $4 [1]. The analyst also noted that large holders, or “whales,” appear to have completed their accumulation phase, reinforcing the likelihood of a near-term price surge [1].

Meanwhile, Finance Bull emphasized ADA’s fundamental strengths, describing it as one of the “biggest sleeper gains in crypto.” The analyst pointed to Cardano’s peer-reviewed technology, rapid scaling, and self-governance model as key differentiators. A price move above $3, according to Finance Bull, is not a speculative meme but a realistic target driven by the token’s utility and ecosystem development [1].

Adding to the bullish narrative, Cardano’s founder, Charles Hoskinson, recently suggested that ADA could experience gains of 100x or even 1,000x, far surpassing Bitcoin’s expected growth. He highlighted innovative projects like Midnight, which could integrate with Bitcoin in the future, further enhancing ADA’s long-term appeal and use cases [1].

With the U.S. Securities and Exchange Commission expected to make a final ruling on Grayscale’s proposed Cardano ETF in October 2025, market participants are closely monitoring regulatory developments. The confluence of favorable technical indicators, rising ETF approval odds, and strong analyst sentiment has created a compelling case for ADA holders to remain optimistic as the token approaches what could be a pivotal moment in its price journey [1].

Source: [1] Analyst Predicts Cardano Price Rally to $4 as ETF Approval Odds Climb to 83% (https://coingape.com/analyst-predicts-cardano-price-rally-to-4-as-etf-approval-odds-climb-to-83/)