The price of the Cardano (ADA) stabilized at nearly $0.8 on September 30th, as the token continued its recent horizontal trend. Ada recovered from a recent market clash, but the token was in despair with nearly $0.95 below the monthly high, suggesting that the bear remains strong.
However, the Bulls gathered near 200 days of EMA support to support the token. Trading volumes showed renewed interest as the ADA resisted the weakness of the broader market. Analysts tracked the rebound and looked at the immediate resistance zone that could shape the next move.
Analysts remained bullish about the token target
Cardano’s latest rebound focused on the resistance level that could determine its short-term orientation. Analyst Minton claimed that the ADA could quickly rise to $2, referring to the combined scope held by September 2025.
The levels coincide with the important resistance bands from previous cycles, providing a realistic target if momentum remains intact. Additionally, another analyst, AJ, pointed out that Ada will bounce off the 200-day EMA, highlighting the pennant population that could cause strong movements.
Analysts claimed that the breakout could trigger a 66% run at its peak in December 2024, but could not highlight the clues the ADA USD pair needed to achieve predictions.
An independent analyst investor, Jordan highlights Cardano Ada’s long-term strength, calling it one of the safest plays, as long as he holds a bull market support band in the weekly time frame.
Jordan noted that the ADA respects the structure all year round and crushed it high despite wider volatility. Analysts suggested that patience rather than an offensive target could define the trajectory of the coin if support continued.
In contrast, Crypto Patel predicted that ADA could reach this cycle of $10. This claim had little basis in the chart structure and sounded more like emotionally driven optimism than factual predictions.
However, Patel’s resistance level was consistent with other analysts’ predictions for Cardano tokens. The ADA price may one day reach $10, but it seems unlikely that it will happen in the near future.
These arguments unfolded as the SEC generic listing standards reshape ETF expectations.
Sec Shift almost certainly lifts the odds of Ada ETFs
The ADA chart-level discussion was carried out in parallel with regulatory changes that could prove to be critical in the next phase. Eleanor Terrett first reported that the SEC asked the issuer to withdraw 19B-4 submissions for the ADA and other Altcoin ETFs.
This development followed the adoption of general listing standards and, in some cases, eliminated the need for these filings. This move shapes how quickly such products can reach the market, with issuers relying solely on S-1 approval.
Bloomberg ETF expert Eric Baltunas responded with caution, noting that despite removing important obstacles, the changes created uncertainty about launch schedules. He described the 19B-4 process as outdated under the new framework, but emphasized that timing still relies on Corp Finance’s sign-off.
A few hours later, the tone of the ETF analyst shifted. Balchunas says that the probability of ETF approval is “Really 100%“I added that the submission of Solana’s Fourth Amendment showed that approval could be reduced at any time. This statement gave weight to the idea that the ADA is not just a candidate, but a lock near the final ETF list.
Regulatory updates have marked rare cases of analysts and policy watchers tailored the same results. The ADA’s technical path remained contested, but the SEC’s stance brought about structural change. We monitored the market for S-1 clearance. This is a step that allows you to turn your Ada’s rebound into something bigger.
How will Bitcoin and Ethereum respond to US government closures? Please read this and find out.