Cardano ETF Delayed Again—Market Reacts to Regulatory Uncertainty
📉 The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on Grayscale’s proposed Cardano (ADA) spot ETF, pushing the review date to July 13 and extending the final deadline to October 22, 2025.
💬 The delay triggered a 4% price dip, with ADA falling to $0.73, while trading volume dropped 14%.
Despite the setback, whales accumulated 180M ADA last week, signaling long-term confidence.
📊 Key metrics:
- ADA price: $0.73
- Resistance level: $0.74
- Whale holdings: 6B ADA
- ETF approval odds: 67% (Polymarket)
- Technical pattern: Cup & Handle forming
Why it matters:
✅ Regulatory delays are slowing institutional adoption
✅ ADA remains in a bullish consolidation zone
✅ Analysts still project a breakout toward $1.00–$3.23 if resistance is cleared
🧠 Will Cardano break past $0.80—or stall as ETF uncertainty lingers?
👇 Are you holding ADA or rotating into other altcoins with clearer regulatory paths?
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