Traders Bet on ADA's Comeback as Fed Moves and ETF Delay Shape Crypto's Next Act

Cardano’s ADA token has maintained a critical support level around $0.85 as traders remain cautiously optimistic ahead of potential catalysts in the coming months. Over the past 24 hours, ADA traded at $0.87, having experienced a 3% decline after a volatile overnight session that saw prices fluctuate over 10% between $0.862 and $0.963 [1]. The price movement followed an Ask Me Anything (AMA) session by Cardano co-founder Charles Hoskinson, who highlighted two key macroeconomic events that could drive the next phase of crypto market momentum: a potential Federal Reserve rate cut in September and the possible enactment of the Digital Asset Market Clarity Act [1].

ADA’s recent performance has been shaped by both institutional and retail investor sentiment. On Sunday, ADA surged to an intraday high of $0.963 on elevated trading volume, reaching 333.34 million tokens exchanged before retreating to a session low of $0.862 [1]. The token stabilized near the $0.856 level, where increased buying pressure indicated growing market confidence. Analysts noted that the volatility spiked to 10.48% during the session, reflecting heightened sensitivity to macroeconomic cues and shifting market sentiment [1]. Meanwhile, the broader market saw a 3% drop in the CoinDesk 20 Index, mirroring ADA’s correction after a recent bitcoin sell-off triggered by large whale dumping [1].

Despite the recent dip, ADA remains up 125% from a year ago, though it is still down more than 70% from its peak of $2.90 in August 2021. The token has been trading within a defined range of $0.84 to $0.96 since early August, with multiple attempts to reclaim the $0.90 resistance level [3]. Traders are closely watching whether ADA will break out of this range or retest lower support levels in the near term. Institutional accumulation has been noted around the $0.86 level, suggesting potential accumulation ahead of another rally, especially as capital flows shift from bitcoin into altcoins [2].

The U.S. Securities and Exchange Commission’s (SEC) decision to delay the approval of Grayscale’s proposed spot Cardano ETF has not significantly impacted ADA’s price trajectory. The final decision on the ETF is now scheduled for October 26, 2025, after the SEC extended its review period by 60 days [3]. While the delay initially injected uncertainty, ADA’s resilience has demonstrated that traders are more focused on broader market dynamics, such as the anticipated September rate cut and the potential for lower interest rates to boost risk assets like cryptocurrencies [2].

Analysts have drawn parallels between ADA’s current price action and its historical performance during previous bull cycles. The cryptocurrency exhibited a similar accumulation pattern between 2019 and 2020 before a breakout and eventual run toward a $3.09 all-time high [3]. Some observers believe that a similar scenario could unfold in the coming months, with a potential price target between $1.70 and $2.10, assuming the historical pattern repeats [3]. For now, however, ADA and the broader crypto market remain range-bound as investors await regulatory and macroeconomic developments that could unlock the next wave of price momentum [1].

Source:

[1] Cardano's ADA Price Finds Support as Hoskinson Talks ... (https://www.coindesk.com/markets/2025/08/25/cardano-s-ada-price-finds-support-as-hoskinson-talks-network-s-future)

[2] Cardano Gains 2%, Shrugs Off ETF Delay (https://www.coindesk.com/markets/2025/08/27/cardano-spikes-on-fed-cut-bets-shrugs-off-etf-delay)

[3] Cardano Retests Key Support As SEC Delays ETF Decision (https://www.mitrade.com/insights/news/live-news/article-3-1072214-20250827)