Cardano (ADA) is currently consolidating below the $0.95 resistance level as the market anticipates a decision from the SEC regarding ETF filings by REX and Osprey. The outcome of this decision could significantly impact ADA's price, with potential for a 50% rally if the resistance is breached. On-chain data indicates a substantial increase in institutional accumulation, rising over 462%, suggesting heightened interest in ADA. A successful ETF approval could mirror Bitcoin's regulatory advancements, potentially boosting ADA's trading volume and influencing its market perception.