Cardano’s ADA Primed for Rally as Grayscale ETF Deadline Looms

Grayscale’s ticking clock sparks fresh speculation—could Cardano be the next crypto to score an ETF nod?

Market watchers eye ADA’s price action as institutional interest heats up. Forget ’wait and see’—traders are already positioning for a potential surge.

Another day, another crypto betting on Wall Street’s validation. Because what’s decentralization without a Wall Street seal of approval, right?

Cardano price technical analysis

Technicals suggest that ADA could break out to the upside in the coming months. On the weekly chart, it has formed a giant megaphone pattern, defined by two ascending, diverging trendline, which often precedes a major bullish move.

Cardano has also held above the 100-week moving average, reinforcing a bullish longer-term outlook. A sustained rebound from this zone could see ADA retest last year’s high of $1.307, about 73% above the current price. A breakout above that level may open the door to further gains, with the next target around the psychological $2 mark.