Cardano ETF Approval Odds Climb to 90% as ADA Price Lingers Below Key Resistance
The post Cardano ETF Approval Odds Climb to 90% as ADA Price Lingers Below Key Resistance appeared on BitcoinEthereumNews.com.
TLDR: Bloomberg analysts raise Cardano ETF approval odds to 90% by 2025. ADA trades below $0.60 despite ETF optimism and institutional attention. Technicals show a bearish trend as the price stays under the Ichimoku cloud. RSI at 37 and weak volume suggest ADA lacks a confirmed momentum shift. The chances of a spot Cardano ETF approval have surged to 90%, according to analysts at Bloomberg. This sharp increase has put the cryptocurrency in the spotlight as investors consider the potential impact on ADA’s price trajectory. Despite the optimism surrounding institutional entry, Cardano remains under pressure on the charts. Analysts are closely watching technical indicators for any sign of a shift in momentum. Until a clear breakout occurs, ADA continues to trade within a bearish zone. ADA ETF Approval Expectations Draw Investor Focus Bloomberg analysts now believe the U.S. Securities and Exchange Commission may approve a Cardano spot ETF by 2025. The updated 90% probability has sparked renewed attention on ADA, suggesting that institutional capital could soon enter the ecosystem. Market watchers expect this development could reshape demand for ADA, especially among long-term holders. CARDANO ETF APPROVAL ODDS HIT 90%! Bloomberg analysts now assign a 90% chance for a #Cardano ($ADA) spot ETF approval by the SEC in 2025. Big money could soon find its way into #ADA pic.twitter.com/I4iHrA6s8M — Coin Bureau (@coinbureau) July 1, 2025 Coin Bureau shared the news on social platform X, noting that large-scale investment could follow an official ETF nod. If realized, Cardano would join the ranks of Bitcoin and Ethereum, both of which have seen ETF-driven volume boosts. The potential listing adds to the growing narrative of mainstream adoption in the crypto sector. Despite ETF optimism, ADA continues to trend downward. It closed Monday near $0.5617, down over 1.8% on the day. Since mid-May, the…
Filed under: News - @ July 1, 2025 11:27 am