<ul><li>Cardano (ADA) price is currently in a consolidation phase around $0.662, showing signs of potential reversal despite a 10% pullback from April highs.</li><li>Nasdaq's proposal to expand crypto benchmark to include XRP, Solana, Stellar, and Cardano awaits SEC approval, expected in early November 2025.</li><li>ADA price is navigating predefined resistance and support levels within a rising parallel channel, with 50/200-day MA acting as local support and resistance.</li><li>RSI slipping below ascending trend line raises concerns of rally strength drop; ADA price needs to sustain above $0.635 for bullish rebound, while facing rejection fears below $0.77-$0.8 range.</li></ul>

Cardano Deviates Before Testing Resistance-Where is ADA Price Heading Next?

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