Cardano’s ADA token is once again in the spotlight as traders brace for a potentially explosive move. After weeks of consolidation, the altcoin has formed a classic technical pattern that often precedes a sharp upsurge.
At the time of writing, ADA is trading at $0.9050 with a 24-hour trading volume of $1.92 billion and a market capitalization of $32.39 billion. The ADA price over the 24 hours and over the last week is showing stability.
Source: CoinMarketCap
Also Read: ADA Surges With Strong Momentum: Will Cardano Hit $1.30 Soon?
According to the crypto analyst Cardanians (CRDN), the United States Securities and Exchange Commission has approved Grayscale’s Digital Large Cap (GDLC) Exchange-Traded Fund for trading, marking a crucial step towards mainstreaming finance and cryptocurrencies.
JUST IN:
— Cardanians (CRDN) (@Cardanians_io) September 18, 2025The SEC has officially approved Grayscale's Digital Large Cap ETF for trading.
Cardano $ADA is part of the GDLC fund, along $BTC, $ETH, $SOL and $XRP.
SEC approved this ETF under a news Generic Listing Standard, which will streamline future crypto ETF launches. pic.twitter.com/5fGXwgs95x
The fund grants diversified exposure to Cardano (ADA) along with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP (XRP), so investors can gain access to various crypto markets via a single regulated product.
Significantly, the SEC sanctioned GDLC with a new Generic Listing Standard, a template customized to facilitate subsequent crypto ETF entries quickly. Analysts are certain this move can pave the way to a flood of digital asset products going into U.S. exchanges and is an indication of rising regulatory open-mindedness and accelerated institutional adoption of securities using blockchain technology.
The crypto analyst highlighted that Cardano’s ADA token is set to approach a pivotal point, with its price action being squeezed within a tightening triangle formation. The token is stuck between a falling resistance level around $0.92 and an upsurging support at roughly $0.89, shaping a confined trading range typical just before a large move is set to occur.
The pattern reveals two possible breakout scenarios. On the positive side, a verification above the $0.92 level could create an upside burst with an approximated target somewhere around $1.32.
Source: X
On the negative side, losing the support at $0.89 could create a breakdown to $0.51 using the measured move off the pattern. This makes the current cost area a critical battleground for ADA’s next directional move.
Technical analysts prefer volume confirmation to ascertain the validity of a breakout. The occurrence of a large trading activity surge with the move would add strength to the trend, but a low-volume breakout would add risk to a false signal. With this pattern intact, ADA’s subsequent decisive close above the triangle may set the short-term direction with conviction.
Also Read: Cardano (ADA) Gets Massive Exposure as OpenBank Rolls Out Powerful Integration
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