Cardano’s ADA token rose 2% to $0.87 in the past 24 hours, indicating a recovery trend in crypto markets following the SEC’s decision to delay its review of Grayscale’s proposed spot Cardano ETF until late October 2025. Despite this delay, substantial trading volume suggests robust interest in altcoins.

What to know:

• Cardano’s ADA token gained 2% to reach $0.87 as the overall crypto market recovers.
• The SEC’s postponement of the ETF decision to late October 2025 was expected, causing minimal disruption in ADA’s performance.
• Increased trading activity indicates a preference shift from Bitcoin to altcoins during the market consolidation phase.

ADA’s trading peaked within a narrow range of $0.04, fluctuating between $0.83 and $0.88, demonstrating heightened market engagement post-EFT news. Analysts observe that while resistance lies at $0.88, emerging support around $0.85 could fortify positions ahead of potential upward movements.

The current market conditions reflect market responses to Federal Reserve expectations and the SEC’s stance impacting crypto trading strategies.