Is Cardano (ADA) too underrated? This indicator hints at a potential surge!

Updated

October 6, 2025

Gambar Is Cardano (ADA) too underrated? This indicator hints at a potential surge!

Jakarta, Pintu News – In the past week, the price of Cardano has increased by more than 8% and is now trying to reach the target of $1. Based on technical indicators, especially Bollinger Bands, ADA appears to be undervalued. Currently, the market price of ADA is below the signal given by the Bollinger Bands, indicating a potential price increase.

Bollinger Bands Analysis for Cardano

Based on the latest data, Cardano’s upper Bollinger Band is at $0.8739, which is within the $0.90 range. This suggests that if market participants do not take profits, the price could reverse and reach that level, perhaps even touching the psychological target of $1. ADA’s transaction volume is currently in the green zone, which supports an increase, but the current market conditions are still holding back the price increase.

Although large investors in the community have slowed down their buying after a period of intense accumulation, this gave mixed signals to the market that hampered the bullish momentum recorded in the past seven days. However, with Cardano’s Relative Strength Index (RSI) at 49.64, which is still within the neutral range, there is still room for further buying.

Also Read: 10 Crypto Nearly Hit All-Time High Prices – October 2025 Update

Effect of ETF Delay and Market Sentiment

The postponement of a decision on the Cardano exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has fueled uncertainty. The SEC recently delayed a decision regarding Grayscale’s ADA ETF until October 26, which led to a drastic drop in Polymarket’s odds from 95% to 8%.

While the SEC may still approve the ETF, some segments of the market have started to divest their holdings of the asset, affecting Cardano’s price outlook in the crypto market. Currently, ADA is trading at $0.8460, down 1.43% in the last 24 hours, although trading volume is still up 4.55% to $1.4 billion.

Strategic Partnerships and Long-term Optimism

Despite the delay by the SEC, some market participants remain optimistic and look forward to a positive decision. The decision is expected to be a catalyst to break the $1 resistance barrier and set ADA on an upward trajectory by gaining institutional attention.

Recently, NEAR Protocol, a blockchain powered by artificial intelligence , has collaborated with Cardano. This partnership, dubbed as the future of crypto, aims to ensure users can make cross-chain transactions smoothly without having to worry about the small steps involved.

Conclusion

With a range of supportive technical indicators and newly formed strategic partnerships, Cardano (ADA) has untapped potential. Despite some headwinds and uncertainties in the market, the long-term outlook remains bright. Investors and market watchers will keep a close eye on the evolving dynamics, especially ahead of the landmark ruling from the SEC.

Also Read: Shocking Bitcoin Cash (BCH) Price Predictions for 2025 to 2030!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.