- Grayscale has registered a Cardano Trust ETF in Delaware, signaling growing institutional interest in ADA.
- Cardano is testing key resistance at $1–$1.30, with bullish momentum supported by RSI and MACD indicators.
- A potential 100x move could push ADA toward $90, though such targets hinge on institutional inflows and market cycles.
Grayscale registered a Cardano Trust ETF in Delaware, sparking major institutional interest.
ADA is pushing toward the $1–$1.30 resistance zone, with bullish momentum still intact. A true 100x would put ADA near $90, igniting speculation about just how far this cycle could take it.
Cardano (ADA) has been on a little run lately — up more than 17% in just a few days, outpacing even the big names like Bitcoin and Ethereum. Not bad for a project that many said was “boring” a year ago.
News broke that the Grayscale Cardano Trust ETF was registered in Delaware, and the buzz spread through the crypto space almost instantly. Traders, speculators, even casual holders… everyone’s whispering: is this the moment ADA really steps up?
Institutional Eyes Are Watching
Here’s the deal: if a Cardano ETF from Grayscale becomes reality, it’s not just another headline. It’s a door opening. Crypto ETFs have been the way big institutions dip their toes in without dealing with messy wallets and custody headaches.
For Cardano, that would mean legitimacy — and not the Twitter kind. Real legitimacy, with regulators, with security frameworks, the kind that pension funds and asset managers actually care about.
It’s boring on the surface, but boring is what gets billions of dollars to move.
Cardano Price Action: Knocking at the Door
As of now ADA sits just under $0.94, riding hard into long-term resistance on its ascending wedge.
On the daily chart, it’s pressing against that $1 psychological level. RSI’s sitting at 69 — hot, but not overheated — which suggests there’s still juice left in this move.
Momentum’s on the bulls’ side too. MACD? Still flashing green, still comfortably bullish.
The real test is between $1 and $1.30. Busting through that zone could send ADA running, fast. After that, the next checkpoints aren’t small: $3.10, $5, maybe even $10 if altcoin rotation heats up in 2025.
The real test is between $1 and $1.30. Busting through that zone could send ADA running, fast. After that, the next checkpoints aren’t small: $3.10, $5, maybe even $10 if altcoin rotation heats up in 2025.
The Big Question: 100x?
Here’s where it gets wild. A true 100x from today’s levels? That puts ADA at $90+. That’s nosebleed territory, rewriting the playbook for altcoins.
Sounds crazy? Sure. Impossible? Maybe not. Multi-year cycles in crypto do strange things when institutional money and retail FOMO collide. Add a multi-trillion market cap, and suddenly numbers that seemed stupid start looking possible.
Cardano isn’t just vibes either. The ecosystem keeps growing. On-chain activity climbing. Utility is spreading out — slow and steady, but steady counts in crypto.
