Overview

• The U.S. SEC extended its review of Grayscale’s proposed spot Cardano ETF into late October 2025, prolonging the regulatory timeline.
• ADA is compressing in a tight range around $0.82–$0.93, with a key support band near $0.82–$0.86 and resistance clustered around $0.90–$0.95 in triangle and flag structures.
• Analysts remain split, with bullish targets ranging from roughly $1.20–$1.80 and up to about $3.00 if breakouts hold, while others warn a loss of the $0.82–$0.84 base could accelerate losses toward ~$0.77–$0.80.
• Macro signals are central to the near-term setup, with growing expectations for a September Fed rate cut that historically supports risk assets.
• Underlying metrics are mixed, as reported on-chain activity sits at multi-year lows even as 2025 institutional figures cite about $73 million in inflows and roughly $900 million held in custody.