Cardano Surges 16% on Grayscale ETF Speculation Bulls Target $1.50 Breakout

Cardano (ADA) has recently experienced a notable price surge of 16%, driven by growing speculation around the potential launch of a Grayscale ETF. The cryptocurrency has climbed to as high as $0.98, with analysts forecasting a possible breakout to $1.50, a level seen as a critical milestone for ADA’s long-term price trajectory [1][2]. The bullish momentum is attributed to a combination of technical indicators, increased derivatives trading volumes, and growing whale accumulation [3].

Analysts have pointed to the Grayscale ETF filing activity as a key catalyst. Similar to previous ETF-driven rallies in Bitcoin and Ethereum, the possibility of ADA being included in a regulated fund product has generated significant market interest. Market analyst Ali highlighted the potential for ADA to reach $1.50, noting that the recent price action aligns with bullish patterns and whale activity [4]. Additionally, ADA is currently trading above its 20-day EMA at $0.87, a technical signal that could reinforce the upward trend [5].

The $1.50 target is not merely a technical projection but one backed by multiple analysts. Some suggest that a strong move above the $1.00 level could trigger a 100% to 150% price increase, based on historical trends and market sentiment [6]. While the current price hovers near $0.80, projections for the remainder of 2025 suggest a potential range of $0.84–$2.00, contingent on broader market conditions and regulatory developments [7].

The Grayscale effect has been a recurring theme in the crypto market, where ETF speculation often precedes price surges. In ADA’s case, the anticipation of a regulated fund offering has led to heightened trading activity and a shift in institutional confidence. The on-chain data further supports this narrative, with increased participation from both retail and institutional traders [10].

Despite the optimism, it is crucial to note that the $1.50 price target remains a forecast and is subject to market volatility. Regulatory outcomes and macroeconomic conditions will play a significant role in determining whether ADA can sustain its upward momentum. If confirmed, the Grayscale ETF filing could catalyze broader adoption and integration of ADA into mainstream financial systems, mirroring the trajectory of earlier crypto assets [3].