Cardano Is Struggling to Keep Up
Cardano (ADA) is trading flat this week around $0.6790, slightly outperforming Bitcoin (BTC), which declined by 0.62% to $104,736. The market remains cautious despite heightened speculation and optimism surrounding ADA.
Key developments include the U.S. SEC’s clarification that staking itself is not a security, which has raised hopes for a spot ADA ETF approval. However, the approval process has been delayed, with a new deadline set for October 22, 2025. Additionally, a lot of speculations are surrounding inclusion ofCardano into U.S. crypto reserves.
Despite the bullish narrative, ADA failed to hold above the key $0.8000 support, retreating to $0.6533 amid renewed U.S.-China tensions. The token is currently in a consolidation phase, with no clear momentum in either direction.
From a technical perspective, ADA is at a pivotal point. A move above $0.8000–$1.0000 would confirm bullish continuation. Conversely, a drop below $0.6000 could trigger deeper corrections before any rebound. At this stage, both scenarios remain equally probable.
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