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The Cardano price has slumped 1% in the last 24 hours to trade at $0.6672 as of 3:30 a.m. EST on a 17% plunge in trading volume to $649 million.
ADA’s price decline comes despite Grayscale filing an S-3 form with the SEC to convert its Digital Large Cap Fund (GDLC) that holds BTC, ETH, XRP, SOL, and ADA into a publicly traded ETF. NYSE Arca had already submitted a 19b-4 filing in October, with the SEC’s final decision expected in July 2025.
Grayscale has filed S-3 for Digital Large Cap ETF…
Holds btc, eth, xrp, sol, & ada.
NYSE had previously filed 19b-4 to list & trade this.
Sticking w/ prediction that index-based crypto ETFs will be approved by year-end. pic.twitter.com/ySzaFRnUwo
— Slickpothead (@RelaxingVi57207) April 2, 2025
If approved, the GDLC ETF would improve accessibility for retail and institutional investors, adding to the $36 billion in net inflows crypto ETFs have seen since January 2024.
Following the news, Bitcoin climbed 2% to $84,584, while Ethereum gained 2.3% to $1,876. However, XRP, SOL, and ADA remained relatively unchanged, as investors stayed cautious ahead of Donald Trump’s ‘Liberation Day,’ which could introduce reciprocal tariffs impacting global trade.
Cardano Price Consolidates – Can The Bulls Manage A Reversal?
The ADA/USDT daily chart shows the price has ranged between $0.6632 and $0.6775 in the last day, indicating slight bearish pressure. However, if key support holds, the market structure suggests a potential trend reversal.
Looking at the broader trend, ADA previously consolidated in a strong support zone (~$0.25 – $0.30) before breaking out in November 2024, leading to a sharp rally past $1.20. After reaching this high, it entered a bearish channel, where prices consistently made lower highs and lower lows until it recently broke out of this pattern.
ADAUSDT Analysis Source: Tradingview
The breakout from the bearish channel suggests a possible bullish reversal if price action remains above the current support level of $0.65 – $0.67.
Technical Indicators Signal A Bullish Rally Ahead
The Relative Strength Index (RSI) is at 42.90, indicating neutral to slightly bearish momentum. Historically, RSI levels near 30 have been strong buy signals, while 80 has acted as resistance during previous rallies. If the price remains above support, the RSI may start moving upward, confirming bullish momentum.
The Fibonacci retracement analysis shows that the 0.786 level (~$0.79) acted as resistance, leading to the recent price rejection.
From a technical perspective, ADA is at a critical support level. If buyers defend $0.65 – $0.67, the price could rebound toward $1.00 – $1.20 in the coming weeks. A breakout above $1.20 would confirm bullish momentum, potentially pushing ADA toward $1.40 and beyond.
However, if the support fails, the next downside target is around $0.50 – $0.55. A strong bounce from the current zone would confirm a bullish reversal, while a breakdown could indicate further downside pressure.
MIND Of Pepe Presale Closes On $8 Million – Next Crypto To Explode?
As the Cardano price consolidates, investors continue to add more funds to an innovative AI-powered meme coin hybrid called MIND of Pepe (MIND), which has already secured over $7.8 million in its presale.
MIND of Pepe is the first AI-powered version of Pepe the Frog, combining the popular meme with advanced AI.
This AI can create tokens, trade them, promote them, sell them for profit, and reinvest earnings into its native token, MIND.
Crypto analyst and YouTuber Borch Crypto, with over 87.5k subscribers, believes MIND is a top crypto to buy and could skyrocket 100X after launch.
MIND scans social media, especially X, to spot trends early. When it finds opportunities, it shares them with token holders in exclusive groups, giving them an edge in the market.
MIND’s AI also helps shape market trends by interacting with influencers and investors to benefit its community.
Additionally, it can create and promote its own tokens, giving MIND investors early access before public launches and potential price spikes.
🔥 MIND of Pepe $MIND Update 🔥
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025
MIND offers a huge 289% annual return on staked tokens, drawing in more investors.
The token is currently priced at $0.0036524 and can be bought with ETH, USDT, BNB, USDC, or a bank card.
Interested buyers should act fast, as the presale price will increase in around 39 hours.
Visit the MIND of Pepe website.
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