SEC Delays Cardano ETF Decision Until October 2025 Amid Price Volatility

Cardano's ADA token has experienced renewed volatility and cautious optimism amid broader crypto market movements and regulatory developments. ADA's price rose about 2% to $0.87, supported by institutional accumulation around the $0.85-$0.86 level, despite the SEC's extension of the Grayscale spot Cardano ETF review until October 26, 2025. Market sentiment is buoyed by expectations of a potential Federal Reserve interest rate cut in September, which historically favors altcoins, although some uncertainty remains about whether the Fed will follow through on rate reductions. Technical indicators show ADA consolidating within a defined range near $0.83 to $0.88, with resistance around $0.88 and support near $0.85, while volume patterns suggest buyers have yet to fully dominate. Analysts warn that a break below $0.82 could trigger a deeper correction toward $0.77, and the token currently faces pressure from a descending channel with weak rebound volumes. Overall, ADA's trajectory is intertwined with macroeconomic cues, regulatory delays, and the evolving dynamics of the crypto market, as investors weigh potential catalysts for a sustained rally.