Cardano Holds Strong at $0.90 Amidst Bullish Catalysts

Despite a recent dip in the market, Cardano (ADA) is demonstrating resilience by maintaining a critical support level between $0.85 and $0.90. This strong performance is generating optimism among analysts who see the current price action as a pivotal point for altcoin's next major move. According to one analyst, a new higher high is necessary to avoid a larger retrace, while another suggests that if the price holds above the key $0.85 level, a "HUGE move to the upside" is a distinct possibility.

Spotlight on ETFs and a Potential Q4 Rally

Growing momentum in the crypto Exchange-Traded Fund (ETF) space is a major catalyst that could fuel Cardano's price in the fourth quarter. The recent launch of the Grayscale CoinDesk Crypto 5 ETF, which includes ADA, has brought increased institutional exposure to the asset. Furthermore, the possibility of a spot ADA ETF approval is gaining traction. The odds of this happening have reportedly increased to 91%, with a final decision date set for October 26, 2025. This regulatory clarity could unlock significant capital inflows.

Founder's Bold Prediction and Price Outlook

Cardano's founder, Charles Hoskinson, has added to the bullish sentiment with his bold statement that Cardano will "break the internet." This vision for the network's future, coupled with the improving market conditions, paints a promising picture. While the price was trading at $0.89 at the time of the article, the technical stability and institutional interest suggest that Cardano is well-positioned for a potential rally. The coming weeks will be crucial as the community watches for a decisive move above the current support zone.