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Cardano News Update: ADA Faces Technical Downtrend While Foundation Pursues Web3 Growth Amid Regulatory Uncertainty

Cardano News Update: ADA Faces Technical Downtrend While Foundation Pursues Web3 Growth Amid Regulatory Uncertainty

Bitget-RWA2025/10/26 10:08
By:Bitget-RWA

- ADA maintained $0.63 support within a tightening symmetrical triangle, with potential breakout targets at $1.70 or $0.55 if key levels break. - Coinglass reported $1.34M ADA outflows amid bearish technical indicators, including Parabolic SAR dominance and critical EMA barriers at $0.69-$0.77. - Cardano Foundation plans to apply for .ada/.cardano gTLDs in 2026, aiming to boost ecosystem visibility and utility across Web2/3. - Bitcoin ETFs saw $90.6M inflows while Ethereum ETFs lost $93.6M, with SEC delays

Cardano's

price remained steady above $0.63 on October 23, holding support within a tightening symmetrical triangle as market participants watch for a possible surge toward $1.70. Despite ongoing selling activity, the digital asset is still trading within a crucial technical range, with resistance near $0.77 and support at $0.60. Key exponential moving averages (EMAs) at $0.69, $0.76, and $0.77 are acting as significant resistance overhead. Data from Coinglass showed ADA experienced $1.34 million in net outflows that day, reflecting cautious sentiment on-chain amid wider market uncertainty, according to a .

Technical signals indicate ADA is at a critical point. The Parabolic SAR indicator remains above the price, suggesting sellers are still in control in the short term. Bulls need to push the price decisively above $0.70 to regain upward momentum. If ADA can break through the EMA resistance zone, it may rally toward the $0.82–$0.92 area, which aligns with previous Fibonacci retracement barriers. On the other hand, if support at $0.605 fails, ADA could slide further to $0.55 or revisit the $0.51 support, as highlighted in the Coinedition article.

Cardano News Update: ADA Faces Technical Downtrend While Foundation Pursues Web3 Growth Amid Regulatory Uncertainty image 0

On the fundamental side, positive news is helping to offset the bearish on-chain trends. The

Foundation has announced its intention to apply for .ada and .cardano generic top-level domains (gTLDs) ahead of ICANN’s 2026 application period. This move, which will be fully funded by the Foundation, aims to boost Cardano’s presence in both Web2 and Web3 spaces. According to Coinedition, this could increase ADA’s utility and brand awareness, potentially drawing in more users and developers.

Elsewhere, broader market trends reveal mixed investor attitudes across cryptocurrencies.

ETFs saw $90.6 million in net inflows on October 24, raising their total to $61.98 billion, while ETFs recorded $93.6 million in outflows, as reported by . The ongoing U.S. government shutdown has further complicated regulatory matters, delaying SEC decisions on Grayscale’s Cardano ETF and three ETFs. Despite these setbacks, prediction markets on Polymarket currently give Cardano ETF approval a 77% chance by December 2025, according to a , fueled by about Cardano’s regulatory readiness and active developer community.

The combination of macroeconomic influences and project-specific progress creates a complex environment for ADA. While outflows continue, the lack of major liquidations suggests long-term investors are holding firm. This stands in contrast to recent swings in altcoins, where Ethereum’s struggle to stay above $4,000 has heightened investor wariness, as noted in the Coinotag report. For Cardano, the mix of technical consolidation, ecosystem advancements, and positive regulatory outlook could set the stage for a breakout in the near future, provided market conditions stabilize and the SEC resumes normal operations.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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