Overview

• The SEC extended its review of Grayscale’s proposed spot Cardano ETF by 60 days, setting a new deadline of October 26, 2025.
• ADA has repeatedly tested the $0.82–$0.85 zone after weeks in a $0.84–$0.96 range, with bears watching for a breakdown toward about $0.77.
• Recent trading showed a rebound to roughly $0.87, about 2% higher on the day, with resistance flagged near $0.88 and fresh support forming around $0.85.
• Charts highlight a converging triangle and descending channel capping upside, though the weekly price remains above the Ichimoku Cloud in a more constructive signal.
• On‑chain activity has fallen to roughly three‑year lows, which some view as a near‑term headwind and others cite as a historical precursor to stronger rebounds toward $1.20 or even $1.70–$2.10 if conditions improve.