Cardano ETF Approval Odds Climb to 75%—Will ADA Break Out as Momentum Builds? – CryptoMode
Bloomberg's analysts have now appointed a 75% chance that the SEC will greenlight a Cardano ETF area in 2025, according to a new summary of filing -shifts to Crypto Twitter. The list -filled by Grayscale and that -Highlight in a posttools post -puts ADA in the same conversation as other major altcoins, such as Solana, XRP, and Dogecoin, all of which have an increase in the odds of approved regulations.
ETF Push is coming as part of a wider wave of filings following the successful launch of Bitcoin ETFs, with Bloomberg Intelligence now monitoring altcoin measures with deadlines landed between Q3 and Q4 this year.
The ADA filing was submitted on February 10, 2025, with the final decision deadline on October 23. While approved is far from certain, the “likely yes” SEC classification to the Bloomberg model has strengthened the bulls.
ADA is currently trading at $ 0.705, up to 3% in the day and extending a near 14% gain over the past two weeks. Technically, the price is held above the 21-day EMA ($ 0.675) but remains trapped below the 200-day SMA at $ 0.771-a major level that the token had previously declined in March.
The RSI climbs to 57, suggesting a healthy momentum without entering over the territory. The MacD histogram expands slightly above the zero line, indicating that the rally may still have the room to run. Ada's failure to recover $ 0.74 in recent weeks today has framped that level as the next critical breakout zone.
In addition, on-chain, whale wallets added more than 420 million ADAs in April alone, costing nearly $ 289 million, according to data from intoteblock. It brings total ownership of the large owner to 12.89 billion ADA, strengthening longer beliefs despite the lack of price action earlier this year.
The developer activity remains a strong point, with the Cardano Topping Github that made metrics on the main chains. However, transactional use has refused, with a sunny income and trading volume that has dropped more than 50% since March. The variation between the builder's confidence and network demand can specify the ADA's medium-term trajectory.
Cardano ETF Momentum can enable a breakout, but the resistance of looms
A 75% estimate of ETF approval for Cardano has no small catalyst, especially as the network seats just under months of resistance and continues to attract smart currency flow. Technically leaning on bullish, but ADA should be convinced to have a $ 0.74 to be able to control a wider trend.
Until then, the Cardano community remains a wait-and-see mode. If approved odds continue to climb or develop ETF filing through the major stages of the SEC, the next leg up of ADA may be faster than expected. To date, it is a high-conviction consolidation with an ETF speculation that adds real weight to the bullish case.
