Cardano (ADA) Price: Grayscale ETF Launch Sparks Institutional Interest

TLDR

Cardano trades at $0.77 after declining 6% in 24 hours and 16.5% over seven days Technical analysis shows ADA must hold $0.80 support level to maintain recovery potential toward $0.95 Grayscale Digital Large Cap Fund ETF launched with 1% Cardano allocation, creating institutional pathway MACD and moving average indicators signal bearish trend with resistance at $0.814 Long-term projections suggest potential $3-$6 range if ADA replicates previous cycle performance

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Cardano currently trades at $0.77, marking a 6.12% decline over the past 24 hours. The altcoin has dropped 16.5% over the past seven days as technical indicators point to continued downside pressure.

Cardano (ADA) Price

The cryptocurrency maintains a market capitalization of approximately $27.72 billion with 24-hour trading volume reaching $1.51 billion. ADA remains positioned among the top cryptocurrencies despite recent price weakness.

Technical analysis reveals ADA faces resistance at $0.814 with support established around $0.806. If the price breaks above resistance, the next target sits at $0.850. Failure to hold current support could lead to further decline toward $0.800.

Moving average indicators show a bearish trend with the moving average sitting above current price action at $0.861. The MACD displays a bearish crossover pattern with the signal line positioned above the MACD line.

Trader Ali Martinez highlighted that ADA must defend the $0.80 support level to maintain rebound potential toward $0.95. Technical analyst Sssebi noted rejection at the $0.85 resistance area on September 25.

As long as Cardano $ADA holds $0.80, a rebound to $0.95 stays on the table. pic.twitter.com/W4lsBftZZa

— Ali (@ali_charts) September 24, 2025

The daily Relative Strength Index suggests potential oversold conditions may be needed before any meaningful bounce occurs. This indicates further downside pressure could continue in the near term.

Critical Support Defense Required

Sssebi explained that ADA might dip between low $0.70 and high $0.60 ranges. He labeled this potential decline as a good time for traders to buy and open long positions.

The projection identifies these lower levels as accumulation zones for traders expecting recovery phases. Current weakness may represent an opportunity rather than structural breakdown if key support levels hold.

Martinez maintains bullish long-term projections despite near-term weakness. His September 20 analysis revealed ADA topped at the 1.272 Fibonacci extension during the previous market cycle.

Similar price action could drive the token toward a $3-$6 range in future rallies. This technical framework suggests current weakness represents potential accumulation opportunity.

Cardano $ADA topped at the 1.272 Fib last cycle. Similar price action now points to a $3–$6 range for this cycle! pic.twitter.com/W3cXJOm3Bx

— Ali (@ali_charts) September 20, 2025

ETF Development Creates Institutional Pathway

Grayscale’s Digital Large Cap Fund ETF debuted on September 19, providing exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano. ADA’s 1% allocation marks the first regulated multi-asset crypto product to include the token.

JUST IN: Grayscale plans to stake all $ADA held in its Cardano ETF (GADA).

Staking rewards would flow back into the fund, boosting share value after fees — pending regulatory approval. pic.twitter.com/4EMgiRY5xd

— TapTools (@TapTools) September 9, 2025

The inclusion through SEC generic listing standards effectively created a virtual approval pathway for dedicated Cardano spot ETFs. ADA’s successful inclusion demonstrates the token met SEC commodity-based criteria.

The SEC approved generic listing standards on September 17 for commodity-based trust shares on major exchanges. The framework eliminates individual Rule 19b-4 filing requirements, instead requiring Form S-1 submissions with 75-day review periods.

This new framework aims to reduce delays while maintaining market capitalization, trading volume, and liquidity requirements. Not all products immediately satisfy threshold standards, but GDLC inclusion shows ADA meets established criteria.

ETF conversion required navigating complex regulatory approval processes after the SEC initially imposed stay orders following July approval. Restrictions lifted only after generic listing standards revealed streamlined approval mechanisms.

Coincodex predictions suggest ADA could rise 30.85% to reach $1.03 by October 25, 2025. Over the next five days, the highest predicted price reaches $0.795124 on September 30, representing 3.81% growth from current levels.

The data highlights strong growth momentum with ADA likely to cross and sustain above $1 throughout Q4 2025. However, reclaiming the $3.10 all-time high before 2026 would require nearly a 3x price surge beyond current forecasts.

ETF exposure through regulated vehicles provides institutional investors with compliant methods to gain Cardano exposure. ADA’s current price weakness aligns with broader altcoin correction patterns affecting major digital assets throughout September.

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