<ul><li>Cardano (ADA) is in a consolidation phase as it awaits the decision on a spot Cardano exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC).</li><li>ADA's price movement is influenced by on-chain activity, with increased investor interest and transaction volume on the Cardano network.</li><li>Technical signals suggest a potential breakout or breakdown for ADA, with key support at $0.72 and resistance at $0.84.</li><li>The upcoming SEC decision on the ETF approval will likely impact ADA's short-term trajectory, with the possibility of a rapid move towards $1 if approved or increased selling pressure if delayed or rejected.</li></ul>

Cardano (ADA) holds steady for second week: will it break out or break down?

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