Cardano (ADA) has been on a tear, surging more than 17% in just a few days and outperforming major names like Bitcoin and Ethereum.
Since the Grayscale Cardano Trust ETF was registered in Delaware, excitement has spread rapidly across the cryptocurrency community.
📊 Cardano Weekly Outlook$ADA has broken above its descending trendline and is showing strong momentum this week (+22%). If buyers can hold this breakout, the path toward higher targets looks promising.
🎯 Targets:
TP1: $1.13
TP2: $1.31
TP3: $1.54
⚠️ Invalidation: Drop back… pic.twitter.com/HB9XsJcgKP
— CryptoPulse (@CryptoPulse_CRU) August 14, 2025
The possibility of a Grayscale Cardano ETF could mark a turning point for ADA’s institutional adoption. Crypto ETFs have become a gateway for major financial players, offering exposure to digital assets without the complexities of direct custody.
In Cardano’s case, the launch of such a product would not only bring increased legitimacy but also the regulatory framework and security that large investors demand.
ADA is trading just below $0.94, following a sharp rally that now brings it face-to-face with a key long-term resistance level in its ascending wedge pattern.
On the daily chart, the price is pushing aggressively toward the $1 psychological mark, and with the RSI at 69, there’s still room for a sustained move higher.
Momentum remains on the bulls’ side, with the MACD holding firmly in bullish territory.
Cardano’s expanding utility, ecosystem growth, and rising on-chain activity position it well for the long haul.
For now, the more immediate focus is on breaking through key multi-year resistance zones, which could set the stage for exponential gains in the years ahead.
As ADA targets a multi-year breakout, all eyes are on what could be a historic rally.
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