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Cardano Price Forecast: Can ADA get close to $ 4 before the ETF verdict in October?

- Cardano Price Forecast: Can ADA get close to $ 4 before the ETF verdict in October?

Cardano (ADA) is gaining new bullish momentum, driven by a combination of technical breakouts, whale accumulation and growing optimism over possible U. S. #ETF approval.

analyst Trend Rider recently pointed out ADA's move into bullish territory on the weekly chart, noting a breakdown of key resistance levels. Despite the oscillator's slightly negative readings, he advised holders to be patient, with short-term targets around $ 1.20 if bitcoin's uptrend continues.

Meanwhile, Crypto Smith analyst noted a classic cup-and-handle formation on the #ADA chart, indicating that the token is ready to break through the $ 0.92 resistance level. With the accumulation phase likely behind us, Smith believes that ADA could reach $ 4 if momentum continues.

Adding fuel to the fire, Polymarket increased the probability of #Cardano ETF approval in 2025 to 83%, echoing Bloomberg analysts who now estimate the probability at 90%. This comes amid the SEC's review of pending proposals for the ADA and AVAX spot ETFs, with final decisions expected in October. XRP vs. Solana: Which cryptocurrency will be the best investment in 2025?

ADA is trading between $ 0.75 and $ 0.78 at the time of writing, with daily trading volume up 46%. Founder Charles Hoskinson also recently expressed that ADA could outperform #bitcoin in the long term, predicting returns of 100 to 1,000 times through new projects such as Midnight.

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