The Cardano price continues to attract growing attention as anticipation builds ahead of the SEC’s upcoming ETF ruling. The chart reveals a tightening range, signaling that ADA could be preparing for a decisive move after weeks of consolidation.While short-term behavior remains range-bound, the broader setup hints at a possible shift toward renewed strength.
Cardano Price Action Targets 50% Upside if Resistance Breaks
Cardano is attempting to break out of a descending channel that has guided its price structure for several weeks. The current Cardano market price trades at $0.85, showing gradual pressure build-up near the upper boundary around $0.95.
If ADA clears this resistance, the move could trigger a potential 50% rally toward $1.3, aligning with the long-term ADA price forecast projecting sustained upside momentum.
However, a failure to break this zone might cause a pullback to the $0.75 support level before another recovery attempt. This setup represents a make-or-break scenario, as the narrowing channel signals price compression before a decisive breakout.
Overall, the ADA price remains coiled within a range that could soon unwind sharply depending on how buyers handle resistance over the coming sessions.
ADA/USDT 1-Day Chart (Source: TradingView)SEC’s ADA ETF Ruling Could Define Cardano’s Next Move
The SEC’s decision on Grayscale’s ADA ETF, set for October 26, remains one of the most anticipated regulatory events for the Cardano ecosystem. The delay has fueled cautious optimism, as many investors expect that approval could unlock significant institutional participation.
Such a ruling would not only expand ADA’s exposure across traditional markets but also validate its position among top-tier digital assets. However, uncertainty ahead of the announcement continues to influence short-term sentiment.
Meanwhile, REX Shares and Osprey Funds recently filed for 21 single-asset crypto ETFs, including one tied to Cardano (ADA), alongside HYPE, XLM, and SUI. These filings mark one of the largest coordinated ETF efforts in crypto history, further highlighting growing confidence in regulated digital asset products.
The inclusion of ADA in these applications signals recognition of its long-term market potential and utility.
Collectively, these developments strengthen the Cardano price narrative, suggesting that ETF-driven demand could accelerate adoption. If approvals align with improving technical conditions, ADA may achieve its projected 50% rally toward $1.3 in the near term.
Conclusively, the upcoming SEC ruling is set to act as a decisive catalyst for the Cardano price. Given its tightening technical structure and strong ETF-driven sentiment, a confirmed breakout above $0.95 will almost certainly propel ADA toward $1.3, completing the anticipated 50% rally. This projection aligns with current on-chain and structural strength, signaling that bulls are firmly in control.
Source: https://coingape.com/markets/cardano-price-consolidates-below-key-resistance-ahead-of-etf-verdict-is-a-50-rally-in-sight/
