ADA Dips 2% as SEC ETF Decision Looms Amid Filecoin Integration and Midnight Sidechain Launch

Cardano (ADA) is currently trading at $0.7537, with a 24-hour price change of -2.26% according to Binance, reflecting a slight decline despite recent positive momentum and a 14.22% gain over the past week. The recent price movement can be attributed to a combination of factors, including anticipation around the upcoming SEC decision on a spot ADA ETF, ongoing network developments such as the integration of Filecoin decentralized storage and the launch of the "Midnight" sidechain, and increased on-chain activity. While bullish sentiment remains due to these technical and ecosystem advancements, short-term volatility and profit-taking ahead of major regulatory deadlines have contributed to the recent downward price adjustment.