Overview

• The U.S. SEC extended its review of Grayscale’s proposed spot Cardano ETF, setting a new deadline of October 26, 2025.
• ADA traded in a tight $0.82–$0.90 range and rose about 2% to roughly $0.87, with a brief volume spike and resistance near $0.88.
• The $0.84–$0.86 band remains pivotal, with technicians eyeing a push toward $0.95–$1.00 or a breakdown toward $0.80 and possibly $0.50 if support fails.
• On‑chain activity has declined to roughly three‑year lows, a level some analysts note has historically preceded stronger rebounds.
• Institutional allocations are growing, with about $73 million of 2025 inflows and roughly $900 million in custody, as traders watch for a breakout above $0.90–$0.95.