There is a 90% probability of a Cardano (ADA) ETF by October 23. A lot of the Cardano community is waiting on the ETF approval, as they believe it will spark a new price rally.
While this may still happen, history says otherwise, and a dump after ETF approval is a likely scenario. However, Cardano is approaching critical trendline resistance.
90% chance for a Cardano ETF by October 23…
Is this the calm before a $2 $ADA storm? pic.twitter.com/bxBeG9ycX7
— Crypto Patel (@CryptoPatel) July 1, 2025
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ADA Crypto Price: Calm Before The Storm?
(SOURCE)
According to many chartists, the Cardano (ADA) price is currently in an accumulation zone. It’s been hovering around the same levels for a while now after the initial breakout in March.
Experts here at 99bitcoins agree with this vision, as it seems like the market’s been on a steady decline over the last month or so. The price action is below the moving averages, with the 200 EMA (red line) acting as resistance. The chart shows a bit of an accumulation zone recently, but the trend is leaning bearish, especially with the RSI below 50, which means that the bears are in control.
If we see a break below the current support around 0.5380, we could be looking at a deeper dip toward the next key level at 0.52. That’s where the bears may take over even more. On the other hand, if the price manages to reclaim the 0.56 level and holds above it, it could be a sign for a short-term bounce, but it’ll have a tough time breaking through the 200 EMA resistance at around 0.57–0.58 without some serious bullish momentum.
Short term, it looks like the bears are still dominating. If we see any positive divergence on the RSI or if the price starts holding above the EMAs, it could be time to think about long positions. However, avoid getting caught in a fake-out rally.
The long-term outlook seems pretty bearish unless we see a solid reversal pattern or breakout, which doesn’t look likely with the current market structure. For now, it’s best to stay cautious and let the price confirm a change in trend.
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Key Takeaways
- Cardano ADA price is in an accumulation zone, but bearish trend remains with RSI below 50,
- Break below 0.5380 could lead to deeper dip; 0.56-0.58 resistance may prevent short-term bounce.
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