ADA Holds $0.70 Support Amid ETF Delay, Trading Volume Drops 9% as Volatility Rises

Cardano (ADA) is currently trading at $0.6781 on Binance, up 2.65% over the last 24 hours from a 24h open of $0.6606, with trading volume down over 9% as the price fluctuates between $0.69 and $0.72 and maintains key support at $0.70. The recent price movement follows the SEC’s decision to delay the Grayscale Cardano Spot ETF to July 15, 2025, which led to a 14% drop in ADA transaction volume and contributed to market uncertainty, while technical factors such as a breakdown below major moving averages and increased volatility have also influenced sentiment; however, positive developments like the successful bridging of Bitcoin Ordinals to Cardano and ongoing institutional interest have provided some support, resulting in a cautious but resilient market outlook.