Greyscale has taken the next step towards Cardano ETF approval, fuelling a growing number of bullish Cardano price predictions.
The S-1 submission follows February’s 19b-4 filing, expanding on how the altcoin’s ETF would function.
This document acts as a necessary registration statement, clarifying details of the Grayscale Cardano Trust ETF (GADA) for investors.
With this preparation from Greyscale ahead of the October 26 19b-4 decision deadline, speculators are now pricing in 87% odds for approval in 2025, up 11% over the past week.
This goes hand in hand with the CLARITY Act, expected to pass the U.S. Senate in October, which could unlock sidelined institutional capital waiting on regulatory clarity.
Cardano Price Analysis: Is This Cardano’s Next Major Price Catalyst?
The market-warming effect of Grayscale’s S-1 filing could give Cardano the momentum it needs to break out of a bull flag pattern forming since its August rally peak.
ADA / USD 1-day chart, bull flag feeds ascending channel breakout. Source: TradingView.
This comes as momentum indicators show reversal signs. The RSI is trending back toward the neutral 50 line, now at 48, suggesting buying pressure is building.
More so, the MACD line is starting to flatten below the signal line, often an early sign of a bullish shift—particularly as $0.80 continues to hold as support.
If fully realized, the flag pattern sets up a retest of the ascending channel forming since late July, targeting a 45% move to $1.20.
With a successful channel breakout, the rally could extend to $1.70 for a 105% gain in the build-up to the ETF decision, though its December high at $1.40 is likely to act as resistance.
Once approved, an ADA spot ETF approval would provide regulated exposure for the first time.
That step toward integration with U.S. capital markets could ignite substantial new demand, extending the rally far beyond technical setups.
With this catalyst, the Cardano price could revisit its all-time high near $3, a potential 260% upside from current levels.
There Are Bigger Setups Than Cardano – Here’s How to Find Them
The altcoin market is pumping right now, and those who back the wrong horse are missing out on substantial gains as fresh retail liquidity floods in.
While the Cardano price stands to see a 2.6x, low-cap meme coins are printing 10-1000x opportunities.
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Snorter Bot vs. other popular trading bots.
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