Cardano Builds Momentum as SEC ETF Decision Nears

Cardano trades near $0.85, consolidating ahead of the SEC’s ADA ETF ruling expected to influence short-term and institutional sentiment.

A confirmed breakout above $0.95 could trigger a 50% rally toward $1.3, supported by improving technical indicators.

The SEC’s pending decision on ADA ETFs may boost institutional demand, strengthening Cardano’s position in regulated crypto markets.

Cardano’s market performance is drawing attention as the cryptocurrency trades within a narrowing range while anticipation rises ahead of the SEC’s upcoming ETF ruling. The price has stabilized around $0.85, reflecting a cautious buildup of buying pressure. Market indicators show tightening movements that often precede a decisive breakout phase.

However, Cardano is currently trying to escape a downward trend channel that has been defining the trend over a few weeks. The high resistance, which is close to 0.95, has turned into a key movement of the traders. A verified upward break of this level may open a possible 50 percent upsurge, with the aim being the 1.3 area. This forecast is in line with longer-term technical highlights that show the market will keep on moving upwards in case market sentiment improves.

Possible Recovery before a Pullback Attempt.

Nonetheless, when ADA has not cleared its resistance, a short-term correction might be witnessed. Analysts observe that it is still possible that the market is headed back to $0.75 before fresh buying interest sets in. This trend is similar to that of a compression pattern, where low volatility is usually followed by large movements in the market. As a result, the following sessions can determine the trend of Cardano in the medium term.

Source: TradingView

The upcoming SEC decision on Grayscale’s ADA ETF, scheduled for October 26, has become a focal point for investors. The ruling could open the door for broader institutional participation and enhance Cardano’s presence in regulated markets. Moreover, the delay surrounding the decision has contributed to a wave of cautious optimism within the crypto sector.

ETF Filings Reinforce Market Confidence

Other funds, such as REX Shares and Osprey Funds, have also recently filed applications for 21 single-asset crypto ETFs, including a Cardano-specific fund. Such applications that also include tokens like HYPE, XLM, and SUI are a significant milestone in the approach to crypto investment accessibility. In this regard, the inclusion of ADA as a network is an important sign of its increased visibility as a network with potential and utility in the long term.

Altogether, the tightening price system of Cardano and ETF-based sentiment are indicative of a critical period. The moment a breakout of the length of time over the $0.95 would prove the beginning of a bullish period that might lead to the prices reaching the $1.3 level. Therefore, the future SEC decision is one of the landmark moments that can determine the future market direction of ADA.

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