Saad Ullah
Look, if you're holding ADA right now, you're probably not having a great time. This death cross has been absolutely destroying Cardano for 25 days straight, and honestly, it's getting pretty ugly out there. The token's down a painful 16.09% over the past month, and every time you think it might bounce back, the bears just keep piling on.
Cardano (ADA) Price Action is Straight Up Depressing Right Now
Here's the brutal reality check: ADA got absolutely smoked with a 15.3% drop just this past week alone. This whole mess started on May 24, 2025, when the death cross kicked in and ADA was still chilling around $0.7593. Man, those prices seem like a distant memory now.
As I'm writing this, ADA is sitting at $0.6047, which is another 2.86% down from yesterday. Even the trading volume is taking a beating - it's down 18.22% to $596.59 million. That tells you everything you need to know about how people feel about this coin right now. Most folks are just using it for quick scalps because nobody wants to hold this thing above $0.70 - that level's been rejecting ADA harder than a bouncer at an exclusive club.
The crazy part? Cardano's actual network is doing just fine, thank you very much. Staking pools are growing, people are earning rewards, and there's decent buzz on social media. But none of that matters when the price action looks like it's falling down a flight of stairs.
ADA (Cardano) ETF Could Actually Save This Mess
But here's where things get interesting - there's actually some hope on the horizon. The rumor mill is saying that a Cardano ETF has a 75% chance of getting the green light from the SEC. Now that's not guaranteed money, but those are pretty decent odds in the crypto world.
If this ETF thing actually happens, it could be the catalyst that finally kicks ADA out of this death cross funk. Institutional money flowing in could change the whole game, and suddenly that $0.70 resistance might not look so scary anymore.
The bottom line is this: ADA holders are getting beaten up pretty bad right now, but sometimes the darkest hour is just before dawn. Whether that dawn comes in the form of ETF approval or just the market finally getting tired of selling, only time will tell. Until then, it's looking like more pain for anyone trying to catch this falling knife.
Saad Ullah
