The price of Cardano (ADA) navigates a consolidation phase because it trades around $ 0.662 after bouncing between $ 0.654 and $ 0.678 in the last 24 hours. The Crypto has withdrawn almost 10% from April highlights, but has early signs of a potential reversal supported by other external factors. The ADA prize went out of the rising trend line last week, which caused a short-term dip. That is why it is important for topping the third generation to maintain $ 0.65 all week, or the bears can reclaim their dominance for a short time.
In an interesting update, the Nasdaq SEC form 8-K has submitted, which confirms the proposal for the expansion of the crypto benchmark. It has increased from 5 to 9 crypto assets by including XRP, Solana, Stellar and Cardano. This is considered a great victory for exposure to crypto, because more altcoins joined Nasdaq. In the meantime, the approval of the SEC will be processed, which is expected to take place in the first few days of November 2025.
In the meantime, the ADA price has returned from the recent dips, but the question arises as to whether the ETF question could further feed.
The ADA price has been attempted since the past week to prevent a malfunction of the rising parallel channel in an attempt to prevent a breakdown of the rising parallel channel. On the other hand, the 50/200-day MA works if the local resistance and support levels and a slight increase in levels can increase the hope for a bullish crossover or the Golden Cross. However, it is very important that the price maintains within the rising triangle that is formed within a parallel channel.
In the meantime, the RSI evokes some concern because it has slipped under the rising trend line, which suggests a decrease in the strength of the rally. That is why the possibility of a bullish rebound is higher, but as long as the token is not above the range between $ 0.77 and $ 0.8, the possibility of a bullish rebound, above $ 0.635, can be above the range between $ 0.77 and $ 0.8.