Cardano (ADA) is holding firm around the $0.85-$0.90 support zone as traders watch for potential bullish momentum. Founder Charles Hoskinson has suggested that ADA is set to “break the internet,” signaling a possible surge in the coming months. Analysts see similarities to past price patterns that could set the stage for a Q4 rally.
ADA Price Action and Support Levels
Following Thursday’s market rally, ADA retraced about 4% in the past 24 hours, failing to reclaim recent highs. Since July, the cryptocurrency has been trading in a $0.72-$0.96 range, reaching a local peak of $1.01 last month.
Despite this pullback, ADA remains above a key ascending trendline established in early August. Analysts suggest that as long as the price stays above this trendline, the bullish outlook remains intact. A breakdown below the $0.85-$0.90 support could trigger a larger retracement toward the macro support zone of $0.50-$0.60.
Market commentator Altcoin Gordon noted that ADA recently broke out of a multi-month descending resistance line after reclaiming $0.85, confirming the breakout through multiple retests of the trendline. Holding above this level could set ADA up for “a HUGE move to the upside,” he added.
Historical Patterns Signal Potential Q4 Rally
Crypto analyst Crypto Kid highlighted that ADA’s current price action mirrors the late 2024 run. Back in November 2024, Cardano broke out of a nine-month downtrend, rallying 270% to reach a three-year high of $1.32.
With ADA retesting trendline support in the weekly timeframe over the past two months, analysts see a potential repeat of last year’s performance. “I’m betting on ADA repeating its history by breaking out in October/November this year,” said Crypto Kid, citing seasonal bullish trends.
Hoskinson’s Bold Statement and Community Optimism
Charles Hoskinson’s recent remarks have fueled excitement among ADA investors. By claiming that Cardano is “going to break the internet,” Hoskinson signals confidence in the network’s adoption and upcoming catalysts.
The community is closely watching crypto-based Exchange-Traded Funds (ETFs) as a key driver for ADA’s potential Q4 rally. Regulatory developments and new ETF launches could significantly influence investor sentiment and price action.
Cardano ETFs Could Fuel Q4 Gains
Grayscale Investments recently launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), a multi-asset crypto ETF in the U.S. that includes Cardano, Bitcoin, Ether, XRP, and Solana. The Securities and Exchange Commission (SEC) approved the conversion of Grayscale’s Digital Large Cap (GDLC) Fund into an ETF earlier this week.
Investor optimism for a spot ADA ETF has risen, with Polymarket predicting the likelihood of approval increasing from 79% to 91%. The SEC delayed the final decision for Grayscale’s spot Cardano ETF to October 26, 2025, adding to speculation about a late-year catalyst. Many traders expect Q4 to bring approvals for several spot crypto ETFs, which could provide a strong boost for ADA and other major altcoins.
Technical Indicators and Analyst Outlook
Analysts note that ADA must form higher highs to maintain a bullish trajectory. Failure to do so could lead to a head-and-shoulders pattern and a larger retracement. However, the current ascending trendline, combined with historical breakout patterns and ETF-driven demand, suggests that bullish momentum could accelerate in the coming weeks.
With the market entering Q4, ADA investors are cautiously optimistic. The combination of supportive technical levels, historical trends, and potential regulatory approvals for crypto ETFs could fuel a “spicy end-of-year” rally for Cardano.
Conclusion
Cardano is holding a critical $0.90 support level while historical trends and upcoming ETF catalysts point to a potential Q4 breakout. Charles Hoskinson’s bold statements, combined with strong trendline support and renewed investor interest, set the stage for a promising period for ADA in late 2025.
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