🔵Cardano (ADA) continues to trade within a $0.80–$1.00 range, but investor focus is shifting from price action to retail trader behavior. Analysts note a surge in small-scale trading activity — a sign that heightened volatility may be approaching. The growing cluster of “red signals” indicates a possible exhaustion of the current impulse, raising the likelihood of a short-term correction.
🔵The key catalyst for ADA remains the SEC’s pending decision on Grayscale’s ADA ETF application, postponed until October 26. A favorable outcome could ignite a rally toward $1.30, while profit-taking might trigger a pullback to $0.70. In the coming weeks, Cardano’s trajectory will depend largely on how the market reacts to this regulatory update.