Cardano ADA News: Price Faces Risk of Breaking Below $0.65 as Traders Eye Potential Decline to $0.50

Recent developments in the cryptocurrency market have brought fresh concerns for Cardano (ADA) holders, as the asset faces the risk of breaking below a crucial support level.

Cardano Price Risks $0.65 Breakdown

Cardano (ADA) has recently experienced a sharp downturn, falling by 10% and dropping to a key support level of $0.65. The decline comes in tandem with Bitcoin’s struggle to hold above $90,000, exacerbating the bearish sentiment across the cryptocurrency market. Traders are increasingly concerned about the potential for further declines, with some speculating that $0.50 may be the next target for the asset.

Cardano`s Next Move Hinges on Key $0.65 Support Level

Cardano’s (ADA) price action has captured attention after a 13% drop, landing at the critical $0.65 support level. As of February 25, 2025, traders face key decisions, with the potential for a price surge or decline depending on how this level holds. At press time, ADA was trading at $0.665, experiencing a 90% surge in trading volume over the past 24 hours, suggesting increased market activity and heightened volatility.

SEC Acknowledges Grayscale’s Cardano ETF Filing

The U.S. Securities and Exchange Commission (SEC) has formally acknowledged Grayscale Investments’ filing for a Cardano-based Exchange-Traded Fund (ETF). This acknowledgment, while not immediate approval, is a crucial step towards integrating cryptocurrencies into traditional financial markets. Grayscale’s proposal aims to create a Spot Cardano ETF, allowing investors exposure to Cardano (ADA) without directly managing the cryptocurrency. The ETF’s value would be pegged to the CoinDesk Cardano price Index. A final decision on the ETF is expected later this year.

Cardano ETF Launch Poised To Trigger Massive ADA Revival

As cryptocurrency exchange Traded Funds (ETFs) solidify their position in the broader market, market players await new rollouts. Following the successful integration of Bitcoin and Ethereum-based ETFs in 2024, community members have heightened their anticipation for a Cardano-based ETF poised to strengthen ADA’s price. A new development from the U.S. Securities and Exchange Commission fuels this bullish outlook. The regulatory body has officially recognized a Cardano-based Exchange-Traded Fund (ETF) filled by leading investment firm Grayscale. The SEC’s acknowledgment of Grayscale’s ETF puts its application ahead of competitors and further demonstrates the regulator’s interest in accommodating altcoin-based ETFs.