Cardano’s ADA token has recently made headlines by rising approximately 2% in the past 24 hours, reaching a price of $0.87. This increase comes as the broader cryptocurrency markets have begun to recover, largely fueled by anticipations of a potential Federal Reserve rate cut scheduled for September. Notably, the CoinDesk 20 Index (CD20), which tracks the performance of the largest digital assets, also saw a healthy gain of 2.8% within the same timeframe. Traders are responding positively to the prevailing sentiment that lower interest rates may be on the horizon.
Despite the U.S. Securities and Exchange Commission (SEC) extending its review of Grayscale’s proposed spot Cardano ETF until late October 2025, the price of ADA has shown remarkable resilience. The SEC’s decision aligns with its pattern of delaying verdicts on several crypto ETFs, which has created an atmosphere of regulatory uncertainty. Nevertheless, traders seem to be prioritizing the general momentum of the market rather than getting bogged down by these issues. As it stands, the final decision on Grayscale’s ADA ETF is now expected on October 26, 2025.
The past 24 hours have been marked by noticeable volatility in ADA’s price movement, as it fluctuated within a range of $0.04, from a low of $0.83 to a high of $0.88. One of the most significant price movements occurred when ADA soared from $0.84 to $0.88, driven by trading volumes that exceeded the 24-hour average by more than double. This breakout led to a stabilization period, with resistance forming around $0.88 and support emerging near $0.85. Analysts have been paying close attention to the token’s price stabilization at $0.86, seeing it as a potential indication of institutional accumulation—a factor that could set the stage for another upward movement.
The broader cryptocurrency market has seen a somewhat tumultuous start to the week. Following a sharp decline on Monday, there was a brief rally over the weekend, spurred by dovish comments from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium. These comments have stoked optimism regarding potential rate cuts, which typically benefit risk assets like cryptocurrencies. Traders seem to view the recent market pullback as a short-term correction rather than a precursor to a bearish trend, with altcoins like Cardano benefiting from increased bargain-hunting activity.
Cardano’s recent price action mirrors a recurring pattern seen during previous market cycles. Historically, the token has displayed tendencies to consolidate within a defined range before breaking out into a more significant rally. Analyst Crypto Bullet has drawn parallels between ADA’s current trajectory and its behavior during the bull run of 2020-2021, where it formed a double bottom pattern before surging in value. Should this pattern repeat, market analysts speculate that ADA could potentially aim for the $1.70–$2.10 range. However, it should be noted that ADA’s performance is still highly correlated with Bitcoin’s market movements. A significant retracement in Bitcoin might lead Cardano to test support at the $0.80 level.
While the SEC’s delayed decision on the Grayscale ETF has injected a layer of regulatory uncertainty into the market, it seems to have had little effect on investor interest in ADA. The delay fits within the SEC’s broader strategy regarding spot crypto ETFs, where multiple decisions have faced lengthy postponements. Nevertheless, market participants are increasingly shifting capital from Bitcoin into altcoins like Cardano, especially as the overall crypto market enters a consolidation phase. This capital rotation, combined with the prospect of a rate cut in September, creates a potentially favorable environment for ADA and similar altcoins.
Sources:
[1] Cardano Gains 2%, Shrugs Off ETF Delay – Yahoo Finance (https://finance.yahoo.com/news/cardano-gains-2-shrugs-off-152327282.html)
[2] Cardano Retests Key Support As SEC Delays ETF Decision (https://www.mitrade.com/insights/news/live-news/article-3-1072214-20250827)
[3] Cardano’s ADA Price Finds Support as Hoskinson Talks … (https://www.coindesk.com/markets/2025/08/25/cardano-s-ada-price-finds-support-as-hoskinson-talks-network-s-future)
[4] Cardano Gains 2%, Shrugs Off ETF Delay (https://www.coindesk.com/markets/2025/08/27/cardano-spikes-on-fed-cut-bets-shrugs-off-etf-delay)
