- Cardano’s price forms a symmetrical triangle, signaling strong compression between support and resistance levels as traders await a decisive breakout.
- The SEC’s frozen ETF review process delays Cardano’s potential listing, extending uncertainty across the crypto market during the prolonged U.S. shutdown.
- Technical indicators, including a bullish MACD crossover and rising RSI, suggest short-term strength as ADA stabilizes after recent selling pressure.
Cardano’s price is consolidating inside a major technical pattern while the U.S. government shutdown halts ETF reviews, leaving traders cautious and watching critical chart levels. As of writing, Cardano’s price stands at $0.816991 with a 24-hour trading volume of $1,001,398,196, reflecting steady market participation amid growing investor caution.
Cardano’s Price Holds Within a Crucial Triangle Formation
According to @ali_charts, the Cardano price is stuck in a long-term symmetrical triangle, which displays the phase of market equilibrium between the forces of buying and selling. ADA is still in a resistant position on the 12-hour chart, and the prices remain in the zone of the downward, sloping line of resistance and the upward-trending level of support; the price is at the level of $0.80.
Trading forums reveal that the token has stayed near the 0.618 Fibonacci retracement point at approximately $0.7611, a level that many traders believe is a major support zone. This is the level that market participants are closely monitoring to give a definitive signal.
A resounding breakout at $0.9583 may be the beginning of a bullish trend, which may take the prices to $1.28 or higher. A persistent fall into the range of less than $0.76 can call in more selling forces, which is an indication of a potential reversal to the bearish action.
Momentum Indicators Suggest a Short-Term Recovery Attempt
In the short-term period, Cardano is starting to record the initial signs of a possible rebound. The 3-hour chart shows that there is a bullish MACD crossover and the RSI is around 46, which indicates good but still cautious momentum.
The volume of trading has also increased a notch, although the volume had a momentary increase, which shows that buyers are coming back into the business since the recent fall to $0.88. The traders seem to be considering the short-term recovery potential against the larger overall consolidation trend that is still influencing the price movement of ADA on the larger time frame scales.
Regulatory Delays Cloud Broader Market Sentiment
The ongoing U.S. government shutdown has reduced the Securities and Exchange Commission’s workforce to essential staff, effectively freezing crypto ETF evaluations. This includes pending decisions on altcoin-based ETFs, such as those linked to Cardano.
The regulatory standstill adds uncertainty to an already cautious market. With most of the SEC’s normal functions suspended, ETF approvals may be postponed into early 2026. This delay reduces near-term institutional activity in the crypto sector, leaving ADA and other digital assets largely dependent on technical trends and investor sentiment until regulatory operations resume.
