Cardano (ADA) is experiencing a downward trend in the market as it tests key support levels. The eighth-largest cryptocurrency by market capitalization is currently trading at $0.7740, having fallen 6.12% over the past 24 hours and about 16.5% over the past week.
The altcoin maintains a market capitalization of approximately $27.72 billion. Its 24-hour trading volume stands at nearly $1.51 billion, reflecting ongoing market interest despite the price decline.
Technical analysis shows ADA is testing a resistance level near $0.814. If it breaks above this, the next target could be $0.850. On the downside, the support level is around $0.806, with a potential drop towards $0.800 if this level fails to hold.
The Moving Average chart confirms the bearish trend with the indicator positioned above the price candles at $0.861. The Moving Average Convergence Divergence (MACD) displays a bearish crossover, with the signal line above the MACD line, suggesting continued downward pressure in the near term.
Trader Ali Martinez highlighted on September 24 that ADA must hold the $0.80 price level to maintain any rebound potential toward $0.95. Failure to defend this support could trigger deeper correction phases.
Another technical analyst, Sssebi, noted on September 25 that ADA faced rejection at the $0.85 resistance area. He suggested ADA might dip between the low $0.70 and high $0.60 range, which he described as “a good time to buy and open longs.”
As long as Cardano $ADA holds $0.80, a rebound to $0.95 stays on the table. pic.twitter.com/W4lsBftZZa
— Ali (@ali_charts) September 24, 2025
According to Coincodex’s current price prediction, ADA is expected to rise by 30.85% and reach $1.03 by October 25, 2025. Over the next five days, Coincodex projects ADA will reach a high of $0.795124 on September 30, 2025, representing 3.81% growth compared to the current price.
The data highlights a strong growth momentum for Q4 2025, with ADA likely to cross and sustain the $1+ zone throughout the period. However, reclaiming its all-time high of $3.10 before 2026 would require nearly a 3x price surge beyond these forecasts.
Martinez maintains bullish long-term projections despite near-term weakness. In a September 20 analysis, he revealed ADA topped at the 1.272 Fibonacci extension during the previous market cycle. He suggested similar price action could drive the token toward the $3-$6 range in future rallies.
The technical framework indicates the current weakness might represent a potential accumulation opportunity rather than a structural breakdown, provided key support levels hold during correction phases.
A notable development for ADA is its inclusion in Grayscale’s Digital Large Cap Fund ETF, which launched on September 19 with a 1% Cardano allocation. This marks the first regulated multi-asset crypto product to include ADA.
The ETF provides exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano. ADA’s inclusion through SEC generic listing standards effectively created a virtual approval pathway for dedicated Cardano spot ETFs.
The SEC approved generic listing standards on September 17 for commodity-based trust shares on major exchanges, including Nasdaq, Cboe, and NYSE. The framework eliminated individual Rule 19b-4 filing requirements, instead requiring Form S-1 submissions with 75-day review periods.
ETF exposure through regulated vehicles will provide institutional investors with compliant methods to gain ADA exposure. This development supports technical analysts’ bullish projections by potentially increasing demand through traditional investment channels.
ADA’s current price weakness aligns with broader altcoin correction patterns across major digital assets. The $0.80 support test is occurring amid a general risk-off sentiment affecting cryptocurrency markets throughout September.
The combination of ETF pathway development and technical support defense creates dual catalysts for potential ADA recovery in the coming months.
The post Cardano (ADA) Price: Coincodex Predicts 30% Growth to $1.03 by October 2025 appeared first on Blockonomi.
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