Cardano ETF Rumors Ignite Market Frenzy – Is ADA the Next Solana-Style Rocket to $100?

Speculation around a Cardano ETF hits fever pitch as traders gamble on ADA mirroring Solana’s parabolic rally. Institutional interest creeps into proof-of-stake protocols—just as Wall Street discovers staking rewards aren’t taxable Monopoly money.

Technical indicators show ADA testing key resistance levels, while ’smart money’ accumulates positions ahead of potential ETF filings. The ghost of 2021’s altseason looms—but this time, regulators are watching through bloodshot eyes.

Cynics note the timing: crypto ETFs always get hot when traditional markets start smelling like burnt toast. Whether this marks Cardano’s coming-of-age or another speculative bubble depends on who’s holding the bag when the music stops.

Still, many investors are hesitant to buy the rumour just yet. Recent bullish Solana price action has been snubbed as SOL ETF filings face delays, casting a shadow over Cardano’s own prospects.

JUST IN: The SEC has officially delayed its decision on spot solana ETFs filed by VanEck, 21Shares, Fidelity, and Bitwise, citing the need for further review and public comment amid rising institutional interest in crypto-based financial products.#Solana #ETF pic.twitter.com/Kqr5s1FEqI

With similar scrutiny slowing past approvals, Cardano’s October decision deadline could be postponed, dampening its near-term appeal in the “best crypto to buy” conversation.

That said, clarity on Solana now could clear regulatory hurdles and lay the groundwork for other ETF filing evaluations late in the year.

The wider market remains in cautious optimism. Better-than-expected April inflation data have lifted sentiment, but Fed Chair Jerome Powell’s reluctance on rate cuts has tempered risk appetite.

Cardano Price Analysis: Could ADA Rally to £100?

While a $100 ADA may be out of reach short-term, Cardano currently tests the integrity of a 7-month falling wedge pattern.

Momentum has faltered post-breakout, with ADA now retesting the former resistance as support. Crossing below this could invalidate the pattern completely.

If the structure holds, though, the setup points to a potential 100% surge from current levels, targeting $1.435.

Cardano’s correction period should be nearing its end. The RSI has cooled to a neutral 48 after a stint above the oversold threshold—a sign that selling pressure is easing.

That said, the MACD line continues to widen its gap below the signal line following a recent death cross. This setup on the daily time frame points to continued short-term weakness.

A retest of past support at $0.685 in line with the 0.5 Fib retracement level—a common reversal zone—could mark a correction bottom if bulls fail to defend the current level.

And if momentum returns alongside broader adoption and ecosystem growth, ADA’s long-term trajectory could still point toward the $100 milestone.

Solana Could Have an Edge Over Cardano, With Some Help

Those who jumped to cardano over alternative Layer-1s may be forced to reconsider as the Solana ecosystem finally addresses its biggest limitation: scalability.

The narrative has shifted with the arrival of Solaxy ($SOLX), Solana’s first-ever Layer-2 scaling solution.

The runner-up has long lacked this capability, limiting its DeFi and cross-chain use case—until now.

By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion and lowers transaction costs, while offering seamless interoperability across both blockchains.

With over $38 million raised in its ongoing presale, investors are already rallying behind the project.

When demand for Solana increases, it could be the one to reap the fresh ecosystem liquidity.

There are just 27 days before the presale ends, unlocking the untapped demand of exchanges.

You can keep up with Solaxy on X and Telegram, or join the presale on the Solaxy website.