Cardano (ADA) continues to be under pressure in the market, holding in a death cross for the past 25 days. This has significantly affected its price, which has decreased by 16.09% over the last month.
Long-term Impact of the Death Cross on Price
According to CoinMarketCap data, Cardano seems to be sinking deeper into bearish territory, as the decline in the last seven days confirms. Cardano entered a death cross on May 24, 2025, when its price was around $0.7593. Since then, it has been on a downward spiral, forming lower lows in the crypto market.
Cardano's On-chain Strength Amid Price Weakness
Despite the bearish sentiment, Cardano has recorded increased activity in staking pools and rewards. However, this increase in activity has not translated into price gains for ADA. As of now, Cardano is trading at $0.6047, representing a 2.86% decline in the last 24 hours. Trading volume has also dropped by 18.22% to $596.59 million.
Future of Cardano: ETF Approval Odds
Some investors might be optimistic about the odds of an exchange-traded fund (ETF) approval for Cardano. According to a recent Bloomberg prediction, the chances of approval stand at 75%. Market participants will be watching closely to see if these positive sentiments can help Cardano emerge from its death cross.
Cardano faces significant challenges in the market; however, it retains growth opportunities due to network activity and ETF approval prospects. The future of ADA remains uncertain, and only time will reveal if it can overcome the current bearish trends.
