TLDR
- Cardano price trades above Ichimoku cloud with 87% ETF approval odds by October 22
- OpenBank integration gives 2 million+ European customers direct ADA access
- Technical analysis shows double-bottom pattern targeting $1.3272 resistance
- Golden cross formation and bullish indicators support continued upside
- SEC generic altcoin standards boost ETF approval chances
Cardano price has surged above key technical levels as institutional adoption momentum builds through major banking partnerships and regulatory developments. The cryptocurrency shows strong bullish signals across multiple timeframes.
OpenBank, Santander’s digital banking arm, launched cryptocurrency trading services on September 16, 2025. The platform now offers Cardano alongside Bitcoin and Ethereum to over 2 million customers across Germany and Spain. Users can trade ADA directly within their investment portfolios for a 1.49% flat fee.
The integration eliminates the need for separate crypto exchanges. Customers view their ADA holdings alongside stocks, bonds, and ETFs in one dashboard. OpenBank plans European expansion, potentially exposing millions more users to Cardano trading.
OpenBank operates as Europe’s largest fully digital bank by deposits. The cloud-based platform serves customers in Spain, Germany, the Netherlands, Portugal, Mexico, and the United States. Its automated RoboAdvisor will incorporate crypto holdings into portfolio management strategies.
ETF Approval Momentum Builds
Cardano ETF approval odds have jumped to 87% on prediction markets ahead of the October 22 SEC deadline. The Securities and Exchange Commission recently approved generic standards for altcoin ETF listings, requiring Coinbase futures products. Cardano meets this requirement.
The SEC has already approved multiple Ethereum ETFs from BlackRock and Franklin Templeton. This precedent strengthens the case for Cardano ETF approval. The agency must decide on the Grayscale ADA Fund by the October deadline.
ETF approval would provide institutional investors direct exposure to Cardano without custody concerns. Traditional investment firms could add ADA to client portfolios through regulated vehicles.
Technical Analysis Shows Bullish Setup
Daily chart analysis reveals multiple bullish patterns supporting higher prices. Cardano formed a double-bottom pattern at $0.5025, touching these levels in April and June 2025. This formation typically signals trend reversal.
The price has broken above the pattern’s neckline at $0.8650, confirming the bullish setup. ADA now trades above the Ichimoku cloud indicator, showing bull market conditions. The cryptocurrency also remains above key moving averages after forming a golden cross on July 22.
Murrey Math Lines analysis shows Cardano trading above its strong pivot reverse level. These technical factors combine with fundamental catalysts from institutional adoption.
Cardano Price Prediction
Technical targets point to $1.3272 as the primary resistance level. This represents December 2024’s high and offers approximately 45% upside potential from current levels. The level aligns with Fibonacci extension targets from the double-bottom pattern.
Short-term support sits at $0.8300. A break below this level would invalidate the bullish outlook and potentially trigger deeper corrections. However, current momentum favors continued upside movement.
The combination of banking integration and ETF approval hopes creates a favorable environment for price appreciation. OpenBank’s mainstream adoption could normalize crypto ownership among traditional investors.
Cardano price prediction remains bullish as long as technical levels hold and institutional adoption continues expanding across European markets.
