Cardano Price Prediction: Can ADA Hold $0.21 as Cardano Foundation Presses SEC on Digital Commodity Rule?

• Cardano price prediction stays bearish below $0.2197, the 100-day EMA ADA needs to reclaim
• Cardano Foundation and five other organizations urged the SEC to define digital commodities in its proposed rule
• LuckSide Crypto says $206M in crypto liquidations hit within 12 hours on Iran headlines, though ADA has since bounced 2.28%

Cardano price prediction for October 24 stays bearish below $0.2197, the level ADA needs to reclaim after pulling back to its rising trendline.

Cardano Price Analysis: Can ADA Hold Its Rising Trendline?

ADA is holding its rising trendline from the June low for now, trading at $0.2169, up 2.28% today, just above the 0.5 Fibonacci level at $0.2132. It still sits below all four daily EMAs, so a daily close above the 100-day at $0.2197 is the first step toward a recovery.

The 50-day and 20-day EMAs at $0.2273 and $0.2293 and the 200-day at $0.2391 stack above that level. RSI at 41.82 sits under the neutral 50 mark and below its average of 44.83, so momentum is still leaning down.

ADA looks more likely to stall under $0.2197 than reclaim it on October 24, and a daily close below $0.2132 would put $0.2000 in play.

ADA Support and Resistance Levels, October 23, 2026

Cardano Foundation Joins Five Organizations in Urging the SEC to Define Digital Commodities

The Cardano Foundation said on X that the SEC classified ADA as a digital commodity, not a security, earlier this year. That classification currently appears only in the explanatory preamble to the proposed Regulation Crypto Assets, not in the rule text, and the Foundation wants the gap closed. 

It co-signed a letter with Stellar Development Foundation, Hedera, Aptos Labs, Ava Labs and Chainlink Labs that asks the SEC to:

• Define digital commodities: Treat them as assets whose value comes from a blockchain’s own operation and from supply and demand, not from profits that depend on another party’s management.
• Separate network tokens from financial claims: Native tokens like ADA pay transaction fees, secure networks and enable governance, and none of that gives holders a claim on a company’s future income.
• Carry forward earlier rulings: Keep the classifications already identified in the SEC’s March 17, 2026 interpretation.

The group argues that explicit rule language would give developers more certainty about where to build.

LuckSide Says Iran Remarks Triggered a Market-Wide Sell-Off With $206M Liquidated

LuckSide Crypto said crypto sold off after President Trump declared the US is not negotiating with Iran, which LuckSide read as a sign that strikes could come before the midterms. About $206 million in leveraged positions were liquidated over 12 hours, and ADA fell roughly 3.73% at the time of filming, forming a bearish engulfing candle, where a red candle fully covers the one before it. ADA has since bounced to $0.2169 on TradingView and is holding its rising trendline.

LuckSide called the drop an initial reaction to words and said similar scares have faded before without follow-through, which fits the bounce so far. It said ADA needs to hold its structure, with a breakdown pointing to a retest near $0.19, and named next week’s FOMC meeting as the next event to watch.

Crypto Tice Flags $0.20 as Cardano’s Key Weekly Level

Trader Crypto Tice (@CryptoTice_) said Cardano is sitting on a key weekly level, with price reacting three times to the zone around $0.20 on the weekly chart. 

In his read, ADA has $0.3294 as its next level while it stays above $0.1970. He described it as a map rather than a trade.

100,000 Farmlands in India Are Now Registered on Cardano

LuckSide Crypto also pointed to 100,000 farmlands in India now registered on the Cardano blockchain. The milestone belongs to 5am.earth’s agricultural trust layer, which puts farm data on-chain so records can be verified and reused across the ecosystem. 

LuckSide said it shows Cardano being used in the real world at a time when enterprises, institutions and governments are weighing the technology.

Cardano Price Prediction: Bullish and Bearish Scenarios for October 24

Bullish Case, Target: $0.23

ADA holds above $0.2132, closes above the 100-day EMA at $0.2197 and clears the 50-day at $0.2273 and the 20-day at $0.2293. That would open the 0.618 Fibonacci level at $0.2310, with the 200-day EMA at $0.2391 beyond it. A fade in the Iran headlines, which LuckSide says have faded before, would fit this path.

Bearish Case, Risk Level: $0.20

ADA closes below the rising trendline and the 0.5 Fibonacci level at $0.2132 and slides toward $0.2000, the zone Crypto Tice flags. A close below that level would expose the 0.382 Fibonacci level at $0.1954. A repeat of the sell-off LuckSide describes would fit this path.

FAQs