Cardano Has Analysts Optimistic as ADA ETF Chances Soar

Cardano (ADA) price steadied near $0.8 on Sept. 30 as the token continued its recent horizontal trend. ADA recovered from the recent market crash, though the token remained despairingly below the month’s high near $0.95, suggesting bears remained strong. However, bulls rallied near the 200-day EMA support to prop up the token. Trading volumes showed renewed interest as ADA resisted broader market weakness. Analysts tracked the rebound, noting immediate resistance zones that could shape the next move.