TLDR
- Cardano (ADA) is trading around $0.80, stuck in a tight range between $0.75 and $0.85 for several weeks with low trading volume.
- The SEC has directed ETF issuers including Grayscale to withdraw their 19b-4 applications for Cardano ETFs in favor of new Generic Listing Standards that could speed up approval.
- Bloomberg analysts give Cardano ETF approval odds of 100% while Polymarket predicts 95% probability under the new streamlined process.
- A large withdrawal of 67.8 million ADA worth $54.3 million moved from Coinbase to private wallets on September 29.
- The Cardano Foundation released a new roadmap targeting stablecoin funding, DeFi expansion, and improved governance structures.
Cardano is currently trading at $0.7884 after pulling back slightly from the $0.80 level. The price has remained in a narrow range for several weeks.
Traders are watching closely to see if this consolidation will lead to a breakout or another failed rally attempt.
The price has been stuck between $0.75 on the downside and $0.85 on the upside. Support around $0.75 to $0.80 has held through multiple tests.
Resistance sits between $0.85 and $0.95 where previous breakout attempts have stalled. Trading volume has been low during recent price movements.
The US Securities and Exchange Commission has asked several ETF issuers to withdraw their pending 19b-4 applications. This includes the filing for Grayscale’s Cardano ETF.
The SEC announced new Generic Listing Standards that will replace the individual review process. The new standards create a single framework for how exchange-traded funds are approved.
Applications can now be assessed under a uniform rule instead of separate examinations. Market observers believe this could speed up the approval timeline.
ETF Approval Timeline and Predictions
The original deadline for the ADA ETF was October 26. With the new system in place, approval could come earlier than expected.
CARDANO ETF UPDATE 🇺🇸
The SEC is reportedly asking ETF issuers, including Grayscale's Cardano $ADA ETF, to withdraw their 19b-4 applications.
This comes after the SEC released the new Generic Listing Standards, which replace individual application reviews and make approvals… pic.twitter.com/4jTfwV2mjk
— Cardanians (CRDN) (@Cardanians_io) September 30, 2025
Bloomberg analysts have suggested approval odds as high as 100%. Prediction market Polymarket has placed the probability at 95%.
The shift shows how regulators are adjusting to growing demand for crypto investment products. If Cardano secures approval under the new process, it would give the asset wider visibility in financial markets.
On September 29, blockchain tracker Whale Alert recorded a withdrawal of 67,810,471 Cardano from Coinbase. The transfer was valued at around $54.3 million.
The withdrawal was split between two addresses. One address received 67.8 million ADA while the other received 2.2 million ADA.
When tokens move from exchanges to private wallets, it lowers the immediate supply available for public trading. For some market watchers, this signals that holders prefer self-custody.
It could also mean investors are making portfolio changes or engaging in off-exchange transactions. These movements often reflect investor sentiment.
Development Progress and Future Plans
At TOKEN2049 in Singapore, Nikhil Joshi, Chief Operating Officer of EMURGO, spoke about Cardano’s stability. He noted that Cardano has operated for eight years without any downtime.
The network remains in the top 10 cryptocurrencies by market size. The Cardano Foundation has shared a new roadmap with six main goals.
The plan includes providing funds to increase liquidity for stablecoins. It also focuses on encouraging wider involvement in decentralized finance and strengthening governance structures.
The roadmap aims to make ADA more competitive with platforms like Ethereum and Tron. These two blockchains currently lead in the stablecoin market.
DeFi projects on Cardano continue to expand. Staking improvements are rolling out and smart contract adoption is gradually increasing.
ADA has a history of long consolidation periods followed by sudden rallies. If that pattern holds, the current tight range might be setting up for a larger move.
For now, Cardano sits at a decision point. If buyers can push through and hold above $0.85 to $0.90 with real volume, a run toward $0.95 becomes possible.
If the price drops below $0.75, it would signal that bears remain in control. The combination of regulatory changes, large exchange outflows, and development progress has placed Cardano at a key moment as the final quarter of 2025 begins.
