The post Grayscale Pushes ETF Odds to 87% — Can Cardano Price rally? appeared on BitcoinEthereumNews.com.

Cardano price remains in the spotlight as its chart structure shapes expectations for the next major move. ADA price has been hovering near key levels, with support zones playing a crucial role in guiding sentiment. In addition to the technical image, Grayscale filing of the new ETF also contributed to the optimism. Cardano Price Action Points Toward A Potential Breakout The current price has been retesting the upper boundary of its descending wedge channel, a structure that often precedes strong advances. Cardano price briefly touched $1.02 before pulling back, but the retracement held within the wedge and maintained the breakout structure.  The retracement also aligns with Fibonacci levels, where the 0.5 zone near $0.85 provided notable defense. Holding above that level keeps the bullish setup intact, especially as the wedge has been broken and retested.  Moreover, the Stoch RSI currently sits around 3.14, reflecting oversold conditions that often precede upward reactions. Therefore, the technical structure suggests a larger rally remains possible once buyers reclaim momentum, providing a foundation for further strength. Meanwhile, ADA price sits around $0.81, retesting support zones near $0.79 and $0.75 while eyeing upside targets at $1.32 and $1.80. A clear push above $0.94 would confirm strength, completing the wedge breakout pattern and opening the path toward higher levels.  The upside potential spans nearly 120%, as the measured move from the wedge points directly toward $1.80. Risk remains in the form of failed support, which could drag ADA lower toward $0.32, though probabilities lean bullish.  Additionally, strong consolidation in this region suggests buyers continue absorbing dips. Therefore, the current setup maintains a constructive bias with higher price levels in sight, aligning with a broader Cardano price prediction 2025 scenario that highlights upside. ADA/USD 1-Day Chart (Source: TradingView) ETF Optimism Grows With Grayscale Filing Grayscale’s amended S-1 filing…

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Filed under: News - @ August 30, 2025 9:27 pm