Cardano (ADA) has extended its death cross to 25 days, which has negatively impacted the coin's price value. The price has declined by 16.09% in the last 30 days as ADA has not shaken off its bearish sentiment.

Cardano on-chain strength amid price weakness

According to CoinMarketCap data, Cardano appears to be sinking into more bearish territory, as the decline in the last seven days shows. Notably, ADA’s value dropped by 15.3% within one week due to the lingering death cross.

Cardano entered a death cross on the daily chart on May 24, 2025, when the coin traded at around $0.7593. Since then, it has been on a downward spiral, forming lower lows on the crypto market, as seen on the price chart.

The bearish pressure exerted on Cardano has impacted both price and investor sentiment. Cardano is changing hands at $0.6047 as of press time, representing a 2.86% decline in the last 24 hours. This has also significantly impacted trading volume, which is down by 18.22% to $596.59 million.

Most investors only consider ADA for a short trade as it continues to struggle below the $0.70 level. Cardano has faced repeated rejection at this point before and has not gained enough momentum to breach this level.

Do Cardano ETF odds offer hope for ADA’s price?

Despite this bearish outlook, Cardano recently hit the top in terms of network and social activity. 

The blockchain has registered increasing activity in staking pools and rewards. However, this has not translated into a price gain for ADA.

Meanwhile, Cardano investors might have something to cheer about regarding the odds of an exchange-traded fund (ETF) approval on the broader market. According to a recent Bloomberg prediction, the Cardano ETF now stands a 75% chance with the Securities and Exchange Commission (SEC).

Market participants will be watching to see if these positive sentiments can push Cardano out of its death cross.