ADA Price Prediction: Bulls Eye $0.80 Breakout as ETF Bets Build Up
- Cardano (ADA) surged 4% in the past 24 hours, claiming the daily high of $0.728.
- Polymarket shows a 55% probability of spot ADA ETF approval in the US by 2025.
- ADA is facing support at the 20-day EMA, which needs to hold for further upside.
Cardano (ADA) has surged 4% over the past 24 hours, currently trading at $0.7276, with strong support found at its 20-day EMA of $0.6723. This upswing comes from growing optimism surrounding the potential approval of a spot ADA exchange-traded fund (ETF) in the United States.
According to Polymarket data, there’s a 55% chance of ADA ETF approval by the end of 2025, providing fresh momentum for investors and traders alike.
ADA ETF Filing Timeline and Potential Impact
Grayscale filed the first application for a spot ADA ETF with the U.S. Securities and Exchange Commission (SEC) on February 10, 2025. The filing was published for public comment by February 24, 2025, with the initial decision deadline set for April 10. A maximum extension pushes the review window to October 22, 2025.
A listed ADA ETF would allow institutional investors to gain exposure to Cardano without directly holding crypto assets, a development…
The post ADA Price Prediction: Bulls Eye $0.80 Breakout as ETF Bets Build Up appeared first on Coin Edition.
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ADA Price Prediction: Bulls Eye $0.80 Breakout as ETF Bets Build Up
- Cardano (ADA) surged 4% in the past 24 hours, claiming the daily high of $0.728.
- Polymarket shows a 55% probability of spot ADA ETF approval in the US by 2025.
- ADA is facing support at the 20-day EMA, which needs to hold for further upside.
Cardano (ADA) has surged 4% over the past 24 hours, currently trading at $0.7276, with strong support found at its 20-day EMA of $0.6723. This upswing comes from growing optimism surrounding the potential approval of a spot ADA exchange-traded fund (ETF) in the United States.
According to Polymarket data, there’s a 55% chance of ADA ETF approval by the end of 2025, providing fresh momentum for investors and traders alike.
ADA ETF Filing Timeline and Potential Impact
Grayscale filed the first application for a spot ADA ETF with the U.S. Securities and Exchange Commission (SEC) on February 10, 2025. The filing was published for public comment by February 24, 2025, with the initial decision deadline set for April 10. A maximum extension pushes the review window to October 22, 2025.
A listed ADA ETF would allow institutional investors to gain exposure to Cardano without directly holding crypto assets, a development…
The post ADA Price Prediction: Bulls Eye $0.80 Breakout as ETF Bets Build Up appeared first on Coin Edition.
Read More