Cardano ADA News: Price at Crucial Level Amid SEC ETF Decision Delay

In the latest developments surrounding Cardano (ADA), the cryptocurrency’s price is at a critical juncture, with both weekly and daily charts indicating significant technical levels. Meanwhile, the Securities and Exchange Commission (SEC) has delayed its decision on the Grayscale Cardano ETF application, pushing the deadline to May 29th. Here’s a closer look at these developments and their potential implications for ADA’s future.

Cardano (ADA) At Crucial Price Level, SEC Delays ETF Decision

Cardano (ADA) price is currently testing critical technical levels on both weekly and daily timeframes. The cryptocurrency’s price action comes amid news that the Securities and Exchange Commission (SEC) has extended its review period for the Grayscale Cardano ETF application by an additional 45 days, pushing the decision deadline to May 29th. crypto market analyst Dan Gambardello describes this extension as routine rather than concerning. Additionally, ADA is currently testing the critical 200-week moving average around $0.73-$0.74, which Gambardello identifies as the lower boundary of what he terms the ’bull market doors’.

Cardano (ADA) Sellers Re-emerge, Rebound Attempt Uncertain

Cardano (ADA) bears have returned to the market, causing the price to decline from the $0.76 level achieved on Wednesday, March 12. Despite a broader market resurgence, with Bitcoin (BTC) climbing over $83,000, ADA has failed to sustain its momentum. Investors who anticipated a new all-time high for ADA have been disappointed. However, the ongoing price decline has not diminished global attention towards Cardano, which could potentially lead to more adoption and a bullish rebound in the future.

Cardano’s Role in a $30 Trillion Crypto Future: Charles Hoskinson’s Bold Vision

Charles Hoskinson, the founder of Cardano, believes Cardano could serve as the backbone of a $30 trillion cryptocurrency future. Delivering a keynote speech at the University of Wyoming, Hoskinson outlined his vision for Cardano, highlighting its ability to revolutionize industries and drive unprecedented economic growth. He noted the explosive growth of the crypto industry since its early days, where Bitcoin was undervalued. Fast forward to 2025, and the landscape has changed dramatically, with Hoskinson believing the industry is poised for monumental expansion.

Cardano (ADA) Sees Surge in Trading Volumes Following Trump Mention

Trading volumes for Cardano’s ADA token have significantly increased, averaging around $720 million in February and exceeding $1.4 billion in March. This rise was fueled by a social media post by U.S. President Donald Trump, who mentioned ADA as a potential inclusion in the nation’s strategic crypto reserve. Since its launch in late 2017, Cardano has quietly emerged as a major player in the crypto space, with over 5 million unique wallets and 1.3 million delegators. The blockchain’s adoption metrics continue to grow, with thousands of new wallets being created daily.