Cardano price is rising ahead of the SEC’s October 22 decision on the proposed Grayscale ADA ETF, with technicals and market odds pointing to a possible 20% upside to roughly $1.06. Traders cite a bullish falling-wedge pattern and Polymarket-implied approval odds as primary short-term catalysts.
Cardano’s price jumped to $0.90, up 13% from this year’s low, signaling renewed buyer demand.
Technical analysis identifies a falling-wedge breakout with a near-term target of $1.0640.
Polymarket-implied odds show an 87% probability of ADA ETF approval; market cap exceeds $31.7 billion.
Cardano price rises ahead of ADA ETF decision; 20% upside potential. Read the latest targets, analysis, and FAQs on Cardano price and ETF outlook—stay informed.
What is driving Cardano’s price rally ahead of the ADA ETF decision?
Cardano price is rising primarily because traders expect the SEC to rule on the Grayscale ADA ETF on October 22, which has increased ETF-related speculation and inflows. Technical patterns—most notably an eight-hour falling-wedge—plus Polymarket-implied approval odds have strengthened short-term bullish sentiment.
How likely is ADA ETF approval and what do market odds show?
Polymarket-implied data currently indicates about an 87% chance of approval. Market analysts reference this along with historical SEC ETF rulings and current regulator commentary to estimate approval probability. While high odds raise expectations, approval timelines and initial ETF inflows remain key variables for price impact.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Cardano’s price continues to rise as the October ADA ETF approval date approaches. Technicals suggest a 20% gain ahead of the SEC decision.
- Cardano’s price surged to $0.90, marking a 13% increase from its lowest level this year, signaling growing investor demand.
- Technical analysis predicts a 20% rise in Cardano’s price, with a target of $1.0640 based on a bullish falling wedge pattern.
- The SEC’s decision on the Grayscale ADA ETF, set for October 22, has elevated market expectations, with an 87% chance of approval.
Cardano’s price showed a notable recovery on September 9, reaching its highest point since August, fueled by positive technical indicators and growing investor optimism. The cryptocurrency rose to $0.90, marking a 13% increase from its yearly low and bringing its market capitalization to over $31.7 billion. This surge comes amid increasing expectations of an upcoming breakthrough in the ADA ETF approval process.
Technical analysis reveals that Cardano may continue its upward trajectory in the coming weeks. The coin’s eight-hour chart formed a falling wedge pattern, indicating a bullish breakout after a period of consolidation. This pattern, characterized by converging trendlines, suggests that the price is likely to rise further. Based on this formation, analysts predict a potential price target of $1.0640, signaling a 20% increase from current levels.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
The SEC is scheduled to announce a decision on the Grayscale ADA ETF on October 22. The ruling date matters because ETF approval can change liquidity dynamics, institutional access, and retail sentiment. Market participants are monitoring regulator statements, prior ETF rulings, and implied market odds from prediction markets for directional cues.
Cardano has established itself as a well-known cryptocurrency with significant utility. Like Ethereum, Cardano operates on a proof-of-stake model, supporting decentralized applications. With a market cap surpassing $31 billion, Cardano’s liquidity and fundamentals position it as an attractive asset in the crypto market, bolstering expectations for price growth.
Traders should treat the $1.0640 target as a scenario-based projection tied to the falling-wedge breakout and prevailing ETF optimism. Short-term risk management is essential: set clear stop-loss levels and size positions relative to account risk. Remember that initial ETF flows may be limited; subsequent price action can vary.
‘
];
var adplace = document.getElementById(“ads-htx”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex;
adplace.innerHTML = adscodesHtx[adsindex];
sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexHtx”, sessperindex);
}
})();
Source: https://en.coinotag.com/cardano-could-see-20-upside-toward-1-06-as-october-ada-etf-decision-nears/