Cardano (ADA) has come under pressure after the U.S. Securities and Exchange Commission (SEC) postponed its decision on Grayscale's ETF proposal until late October 2025. On-chain data indicates activity has dropped to multi-year lows.
SEC Delay Adds Pressure on Cardano
The SEC's postponement of the Cardano ETF decision has increased pressure on market sentiment. This delay is viewed as a temporary concern for Cardano with potential future institutional investments.
Cardano Prices Keep to Descending Channel
Chart analysis shows that ADA has been trading in a range between $0.82 and $0.84, marking a critical technical support area. Falling below this zone may lead to further price declines.
Low Network Activity But Signs of Potential Recovery
On-chain data revealed that activity on Cardano has decreased to three-year lows. However, historically, such troughs have often been followed by renewals, suggesting potential future growth.
The current situation for Cardano remains ambiguous. The ETF decision delay, descending trends, and low activity signal risks, yet signs of resilience and potential for future growth are also present.
