Cardano ADA News: Price Stuck in Consolidation Phase, Bearish Sentiment Continues

Cardano (ADA) Price Prediction: March 1, 2025 Outlook

Cardano (ADA) has made a modest 2% gain, currently trading at approximately $0.63, fluctuating between $0.625 and $0.64. Despite a broader recovery in the crypto market, Cardano has remained stuck below its key resistance level of $0.65. Short-term price analysis indicates it is still in a consolidation phase, repeatedly failing to break above the critical $0.65 resistance level, signaling continued bearish sentiment.

ADA Price Predicted To Lose A Further 25%

Due to its high volatility, the Cardano price has attracted serious attention in the crypto market. ADA, the native token of the Cardano blockchain, experienced a significant price drop in February following the market-wide selloff caused by Donald Trump’s tariff wars. As of today, the Cardano price prediction projects a further push to the downside after the ADA price dropped 31% in the last month.

Grayscale Files for First Cardano ETF, Investors Shift to Rexas Finance

Grayscale has recently filed for a Cardano (ADA) exchange-traded fund (ETF) on the New York Stock Exchange, marking its first standalone ADA product. This move has sparked bullish sentiment, boosting ADA’s price by over 11%. Currently, Cardano is trading at $0.79, outperforming both Bitcoin (BTC) and Ethereum (ETH) in daily gains. Despite this positive development, investors are shifting their focus to Rexas Finance (RXS), a cryptocurrency currently priced at $0.20. Rexas Finance aims to revolutionize the financial sector through real-world asset tokenization, allowing users to own fractions of assets like luxury real estate or rare artwork. This innovative approach has garnered significant attention, with RXS raising $45.9 million during its presale.

Cardano Price: Whales Dump 170M ADA, Massive Crash Or Rebound Coming?

Cardano (ADA) price has experienced a remarkable decrease as its major holders decided to sell large parts of their coin holdings in recent times. 170 million ADA tokens have been sold to the market, causing significant uncertainty regarding future price movements. Crypto analyst Ali Martinez shared that Cardano whales sold 170 million Cardano tokens over several days, reducing their total portfolio from 3.26 billion to 2.98 billion ADA. The price decline demonstrates widespread negative expectations from major holders.