Can the Cardano ETF Hype Spark a Major Rally for ADA? Here’s What the Analysis Reveals

Jakarta, Pintu News – As reported by Coinpedia, the price of Cardano (ADA) is showing strong signs of being in an accumulation phase throughout October. Technically and fundamentally, both indicate a potential rally towards the $1.10 range.

As institutional attention increases and new ETF filings emerge, momentum towards the ADA crypto asset continues to build, opening up the opportunity for a major breakout in the near future.

ADA price approaches critical resistance on 4-hour chart

On the Cardano price chart in the 4-hour time frame (Oct 7), the price action is forming a falling wedge pattern that is narrowing. Currently, ADA appears to be holding firm at the $0.80-$0.85 support area, while the momentum indicator is starting to show signs of an impending upside push.

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According to market analyst Ali Martinez, if the price manages to break the $0.90 level, it could trigger a rally towards the key resistance at $1.10. This level is considered to be the upper limit of the wedge pattern that has limited ADA’s movement over the past few weeks.

With prices tightening and volatility decreasing, current market conditions are considered to be favorable for a potential breakout in mid-October.

Institutional Interest and ETF Development Drive Market Optimism

In addition to technical factors, Cardano (ADA) fundamentals are also showing increasingly positive signals.

One of the main catalysts that strengthened the bullish sentiment was the increased institutional interest in ADA, especially after news of the ETF product started to gain widespread attention.

This week, new filing documents revealed that Rex Shares and Osprey Funds have jointly submitted a staking-based Cardano ETF proposal to the US Securities and Exchange Commission (SEC). In total, 21 other ETF products are also being proposed for various other assets.

If approved, the ETF will allow investors to gain exposure to the price of ADA in USD while earning staking rewards. The presence of such a product is expected to attract large liquidity flows to the Cardano ecosystem, as well as strengthen its appeal to both retail and institutional investors.

Several other ETF filings are also pending with the SEC. If the outcome is positive this month, the chances of a new ETF being approved are considered quite high – potentially increasing liquidity in Cardano-related products and other altcoins.

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This development is an important part of Cardano’s future price projections, as it could be the deciding factor whether ADA will transition from the accumulation phase to the acceleration phase.

Long-term Structure Reflects Previous Bullish Cycle

On a longer time frame, Cardano’s price chart also shows promising prospects. Analysts note that the current movement pattern of ADA is very similar to the initial phase of the previous bull cycle, when the asset briefly surged from low levels to reach record highs.

Notably, the curved breakout formation that appears on the current chart resembles a pattern that has triggered huge spikes in the past. If history repeats itself, the first major target is around $2.77, which reflects a potential upside of about 220% from the current price.

If the momentum continues, a longer rally could push the price of ADA towards the $7.82 range, which is equivalent to a gain of around 800%, signaling the potential for the next major bullish cycle for Cardano.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Can ETF Buzz Ignite the Next Rally for ADA Crypto? Accessed on October 8, 2025