Cardano (ADA) is trading around $0.78–$0.80, struggling beneath a strong resistance at $0.83–$0.85, where the 50/100/200-day EMAs converge. Prediction markets currently assign a 91%–95% chance of U.S. Cardano spot ETF approval, with dates tentatively set for late October 2025. Related Reading: Ethereum Founder Dumps Billions In These Meme Coins, Is This A Repeat Of Shiba Inu In 2021? This narrative has helped stabilize sentiment after September’s decline. Bulls believe institutional access could mirror BTC/ETH’s ETF strategy by increasing liquidity and expanding demand. However, options activity remains subdued, and recent long liquidations suggest traders are cautious about chasing gains before a clear breakout. If ADA closes above $0.85, potential upward targets are $0.87 (Fib 0.382) and $0.90 (Fib 0.5). Cardano (ADA) Key Levels: $0.78 Support, Then $0.75 and $0.71 The Cardano (ADA) near-term structure is a range between $0.78 and $0.83 after a pullback from highs near $0.95. Momentum has improved from oversold levels, but Parabolic SAR remains above the price, and the trend hasn’t fully flipped. Immediate support is at $0.78, with deeper liquidity pockets at $0.75 and $0.71; a failure there exposes $0.68 as the last major defense. Analysts also point out a developing death-cross risk on lower timeframes, implying rallies could fade without new catalysts. Macro factors remain influential: tighter financial conditions or a Bitcoin retrace can reduce altcoin bids, capping ADA under resistance even if ETF headlines stay strong. ADA's price trends sideways on the daily chart. Source: ADAUSD on Tradingview The 2026 Bear Case: Why Sub-$0.30 Isn’t Impossible Beyond the next few weeks, some strategists warn of a path where ADA may revisit sub-$0.30 in 2026. The reasoning: at a roughly $34B market cap near $0.80, multiples might shrink unless usage growth significantly accelerates. While Cardano promotes research-driven upgrades (Ouroboros Leios, the Omega roadmap) and has an eight-year record with no downtime, critics point to slow app adoption, capital shifting to newer ecosystems, and ETF attention potentially directing flows into a few large caps. If global liquidity tightens, ETFs underperform, or structural demand weakens, a prolonged cycle could push ADA toward value zones below $0.30, where longer-term buyers might enter. Related Reading: Dogecoin Breakout Could Happen ‘In A Hurry,’ Analyst Warns In the short term, watch $0.83–$0.85 for a trend reversal and $0.78/$0.75 on the downside. The ETF story provides ADA with a real catalyst, but actual delivery and demand must materialize. Without that, the 2026 sub-$0.30 scenario remains a possible risk, especially if macroeconomic headwinds emerge. Cover image from ChatGPT, ADAUSD chart from TradingviewCardano (ADA) is trading around $0.78–$0.80, struggling beneath a strong resistance at $0.83–$0.85, where the 50/100/200-day EMAs converge. Prediction markets currently assign a 91%–95% chance of U.S. Cardano spot ETF approval, with dates tentatively set for late October 2025. Related Reading: Ethereum Founder Dumps Billions In These Meme Coins, Is This A Repeat Of Shiba Inu In 2021? This narrative has helped stabilize sentiment after September’s decline. Bulls believe institutional access could mirror BTC/ETH’s ETF strategy by increasing liquidity and expanding demand. However, options activity remains subdued, and recent long liquidations suggest traders are cautious about chasing gains before a clear breakout. If ADA closes above $0.85, potential upward targets are $0.87 (Fib 0.382) and $0.90 (Fib 0.5). Cardano (ADA) Key Levels: $0.78 Support, Then $0.75 and $0.71 The Cardano (ADA) near-term structure is a range between $0.78 and $0.83 after a pullback from highs near $0.95. Momentum has improved from oversold levels, but Parabolic SAR remains above the price, and the trend hasn’t fully flipped. Immediate support is at $0.78, with deeper liquidity pockets at $0.75 and $0.71; a failure there exposes $0.68 as the last major defense. Analysts also point out a developing death-cross risk on lower timeframes, implying rallies could fade without new catalysts. Macro factors remain influential: tighter financial conditions or a Bitcoin retrace can reduce altcoin bids, capping ADA under resistance even if ETF headlines stay strong. ADA's price trends sideways on the daily chart. Source: ADAUSD on Tradingview The 2026 Bear Case: Why Sub-$0.30 Isn’t Impossible Beyond the next few weeks, some strategists warn of a path where ADA may revisit sub-$0.30 in 2026. The reasoning: at a roughly $34B market cap near $0.80, multiples might shrink unless usage growth significantly accelerates. While Cardano promotes research-driven upgrades (Ouroboros Leios, the Omega roadmap) and has an eight-year record with no downtime, critics point to slow app adoption, capital shifting to newer ecosystems, and ETF attention potentially directing flows into a few large caps. If global liquidity tightens, ETFs underperform, or structural demand weakens, a prolonged cycle could push ADA toward value zones below $0.30, where longer-term buyers might enter. Related Reading: Dogecoin Breakout Could Happen ‘In A Hurry,’ Analyst Warns In the short term, watch $0.83–$0.85 for a trend reversal and $0.78/$0.75 on the downside. The ETF story provides ADA with a real catalyst, but actual delivery and demand must materialize. Without that, the 2026 sub-$0.30 scenario remains a possible risk, especially if macroeconomic headwinds emerge. Cover image from ChatGPT, ADAUSD chart from Tradingview

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more