Speculators have newfound confidence in ADA ETF approval before the end of 2025—a major catalyst driving bullish end-of-year Cardano price predictions.
Polymarket bettors are now pricing in approval odds at 64%, up from 45% just three days ago.
Still, many investors are hesitant to buy the rumour just yet. Recent bullish Solana price action has been snubbed as SOL ETF filings face delays, casting a shadow over Cardano’s own prospects.
JUST IN: The SEC has officially delayed its decision on spot Solana ETFs filed by VanEck, 21Shares, Fidelity, and Bitwise, citing the need for further review and public comment amid rising institutional interest in crypto-based financial products.
#Solana #ETF pic.twitter.com/Kqr5s1FEqI
— CryptoMarketControl (@CryptoMarketCon) May 20, 2025
With similar scrutiny slowing past approvals, Cardano’s October decision deadline could be postponed, dampening its near-term appeal in the “best crypto to buy” conversation.
That said, clarity on Solana now could clear regulatory hurdles and lay the groundwork for other ETF filing evaluations late in the year.
The wider market remains in cautious optimism. Better-than-expected April inflation data have lifted sentiment, but Fed Chair Jerome Powell’s reluctance on rate cuts has tempered risk appetite.
Cardano Price Analysis: Could ADA Rally to £100?
While a $100 ADA may be out of reach short-term, Cardano currently tests the integrity of a 7-month falling wedge pattern.
Momentum has faltered post-breakout, with ADA now retesting the former resistance as support. Crossing below this could invalidate the pattern completely.
If the structure holds, though, the setup points to a potential 100% surge from current levels, targeting $1.435.
Cardano’s correction period should be nearing its end. The RSI has cooled to a neutral 48 after a stint above the oversold threshold—a sign that selling pressure is easing.
That said, the MACD line continues to widen its gap below the signal line following a recent death cross. This setup on the daily time frame points to continued short-term weakness.
A retest of past support at $0.685 in line with the 0.5 Fib retracement level—a common reversal zone—could mark a correction bottom if bulls fail to defend the current level.
And if momentum returns alongside broader adoption and ecosystem growth, ADA’s long-term trajectory could still point toward the $100 milestone.
Solana Could Have an Edge Over Cardano, With Some Help
Those who jumped to Cardano over alternative Layer-1s may be forced to reconsider as the Solana ecosystem finally addresses its biggest limitation: scalability.
The narrative has shifted with the arrival of Solaxy ($SOLX), Solana’s first-ever Layer-2 scaling solution.
The runner-up has long lacked this capability, limiting its DeFi and cross-chain use case—until now.
By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion and lowers transaction costs, while offering seamless interoperability across both blockchains.
With over $38 million raised in its ongoing presale, investors are already rallying behind the project.
When demand for Solana increases, it could be the one to reap the fresh ecosystem liquidity.
There are just 27 days before the presale ends, unlocking the untapped demand of exchanges.
You can keep up with Solaxy on X and Telegram, or join the presale on the Solaxy website.
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