- SEC delays Grayscale’s spot Cardano ETF decision until October 26, 2025, adding more uncertainty to ADA’s short-term outlook.
- Analysts see two scenarios: a bullish breakout above $0.90–$1.20, or a pullback to $0.80 if support cracks.
- Longer-term cycle watchers predict ADA could repeat its 2019–2020 breakout pattern, with targets as high as $2.10.
Cardano (ADA) is once again stuck in limbo, caught between the SEC’s delays on Grayscale’s spot ETF and a stubborn price range that’s been holding for weeks. While the broader market feels shaky, some analysts think ADA might just be setting up for a bigger move, one that looks eerily familiar to its last major cycle.
ETF Decision Kicked Down the Road
Early this week, ADA slid back toward its $0.84–$0.85 support zone after Bitcoin’s sell-off dragged the entire market lower. The altcoin briefly lost that floor before clawing its way back above $0.87, gaining about 4% on the day. But the bigger story came from regulators.
The U.S. SEC announced it’s pushing its decision on Grayscale’s spot Cardano ETF out another 60 days, setting a new deadline for October 26, 2025. This isn’t the first stall either—the agency already delayed decisions on multiple Solana, XRP, and even Pudgy Penguins (PENGU) ETFs earlier this month. For Cardano holders, that means more waiting and a lot more speculation.
Analysts Split on ADA’s Next Move
Analyst “Crypto Bullet” sees ADA as replaying its old 2019–2020 setup almost beat-for-beat. Back then, Cardano carved out a multi-year range, broke above it, retested as support, and then exploded to its $3.09 ATH in just months. Right now, he says ADA is in that same “re-accumulation” phase before the next push. His call? A final leg toward $1.70–$2.10 if history rhymes again.
But not everyone’s convinced. Market watcher Sebastian says ADA is still stuck inside a bullish flag that’s leaning heavily on the $0.90 line. Fail to clear it, and the token could slip to the lower trendline near $0.80. Break it cleanly, though, and the path to $1.20 opens up quickly.
Bitcoin Still Pulling the Strings
Of course, ADA’s fate may not even be in its own hands. “This is mostly going to depend on Bitcoin,” Sebastian noted, hinting that another BTC retracement could drag ADA further down before any upside attempt.
For now, ADA traders are watching the same levels they’ve been watching all month: $0.85 for support, $0.90 for a breakout trigger. Whether the SEC delays matter in the short term is debatable, but if the ETF wave eventually clears, ADA could have more fuel than it seems.
