🚀 Cardano (ADA) Soars: Grayscale ETF Buzz Fuels $1.50 Breakout Hopes

Grayscale's rumored ADA ETF play sends Cardano bulls into overdrive—because nothing pumps a crypto like Wall Street's stamp of approval.

The ETF Effect Strikes Again

ADA rockets toward its $1.50 target as traders bet big on institutional adoption. Because if there's one thing hedge funds love, it's being late to the party.

Technicals Scream Bullish

The third-gen blockchain token defies market gravity, up 30% weekly on pure speculation. Chartists eye a clean breakout—assuming Grayscale doesn't rug-pull like your average DeFi farm.

The Institutional Paradox

Funny how crypto purists decry centralization... until BlackRock comes knocking. Now watch the 'decentralized' crowd cheer for SEC-approved products.

TLDR

• Cardano price surged 16% to $0.98, approaching the psychological $1 level
• Grayscale created Delaware trusts for ADA, sparking ETF speculation and institutional interest
• Technical analysis shows breakout potential toward $1.50 target if resistance at $0.94 breaks
• Short liquidations exceeded $832k as bears get squeezed, creating additional buying pressure
• On-chain metrics indicate limited selling pressure with MVRV Z-score at 0.445

Cardano has captured market attention with a strong 16% rally bringing its price to $0.98. This surge represents the cryptocurrency’s best daily performance in recent weeks.

The rally comes as multiple factors align to create bullish momentum for ADA. Market analyst Ali has identified a clear technical setup pointing toward a potential $1.50 target.

Cardano $ADA is on the verge of a breakout to $1.50! pic.twitter.com/k1AzNfKeaw

— Ali (@ali_charts) August 13, 2025

Grayscale’s decision to establish Delaware trusts for ADA has sparked widespread speculation about a potential spot ETF. This institutional MOVE mirrors the firm’s historical approach of creating investment vehicles ahead of regulatory approval.

The trust creation has generated excitement among investors who view it as a precursor to broader institutional adoption. Grayscale previously ranked Cardano third in its weekly returns report with a 6.3% gain.

Chart patterns show cardano approaching a critical resistance zone near $0.94. A break above this level could trigger acceleration toward the $1.20 mark and ultimately the $1.50 target.

The price action has been building higher lows since mid-July, indicating sustained buying interest. This technical foundation supports the case for continued upward movement.

Liquidation Data Shows Bear Capitulation

Short liquidations have reached $832k compared to just $439k for long positions. This imbalance suggests bearish traders are being forced out of their positions as prices rise.

Major exchanges including Binance, Bybit, and OKX recorded the largest short losses. The liquidation pattern often amplifies price movements as forced covering adds to buying pressure.

On-Chain Metrics Support Rally

The MVRV Z-score has risen to 0.445, indicating holders are increasingly in profit without reaching levels that typically trigger mass selling. This metric suggests limited downside pressure from profit-taking.

Cardano’s Stock-to-Flow ratio has also increased, pointing to a tightening supply environment. These supply dynamics support the potential for sustained price growth if demand continues.

Weighted sentiment has shifted into positive territory at 1.495, reflecting growing bullish confidence among market participants. This sentiment shift often precedes sustained rallies in cryptocurrency markets.

The combination of technical breakout potential, institutional interest, and favorable on-chain metrics has created a compelling setup for ADA bulls.

Current price action shows ADA testing the upper bounds of its recent trading range. A confirmed break above $0.94 resistance could open the path to much higher levels.

Market participants are closely watching for sustained volume and momentum to confirm the breakout above key resistance levels.