Cardano Transactions Surge on ETF Hype — ADA Breakout Next?
The post Cardano Transactions Surge on ETF Hype — ADA Breakout Next? appeared on BitcoinEthereumNews.com. Key Notes Cardano’s daily transactions have doubled since early May, surpassing 50,000. Polymarket odds for a spot ADA ETF approval have climbed to 71% ahead of the May 29 SEC decision. Analysts expect a breakout from Cardano’s long-term resistance trendline by mid-June. Cardano ADA $0.71 24h volatility: 3.3% Market cap: $25.55 B Vol. 24h: $547.02 M is showing renewed on-chain strength, marking a major spike in daily transactions. According to data shared by TapTools, Cardano’s daily transactions have surged past 50,000 — a major leap from the sub-30,000 levels seen earlier in May. JUST IN: Daily Cardano $ADA transactions have climbed from ~30,000 to nearly 50,000 since the start of May. pic.twitter.com/MkDBkizB34 — TapTools (@TapTools) May 27, 2025 Transaction volume has also surged 6% to $692 million in the last 24 hours, indicating strong user engagement across the network. Additionally, Cardano Feed reported that $680 million worth of ADA tokens have exited exchanges, a trend often linked to self-custody and long-term holding. ADA’s community is also eyeing the decision by the US Securities and Exchange Commission (SEC) on the approval of a spot ADA ETF, expected on May 29. Amid the rising market optimism, approval odds for such a product have climbed to 71% on prediction platform Polymarket. A favorable ruling could drive institutional interest in Cardano similar to the momentum seen after Bitcoin and Ethereum ETF approvals last year. ADA Price Outlook At the time of writing, ADA is trading around $0.75, up by 5% in the past month. Crypto analyst Leader Alpha has described ADA’s current formation as one of the largest bull flags in the crypto space. According to the analyst, the cryptocurrency is nearing a key breakout point on its monthly chart. He predicted a breakout around mid-June, potentially leading to a massive price spike. $ADA…
The post Cardano Transactions Surge on ETF Hype — ADA Breakout Next? appeared on BitcoinEthereumNews.com.
Key Notes Cardano’s daily transactions have doubled since early May, surpassing 50,000. Polymarket odds for a spot ADA ETF approval have climbed to 71% ahead of the May 29 SEC decision. Analysts expect a breakout from Cardano’s long-term resistance trendline by mid-June. Cardano ADA $0.71 24h volatility: 3.3% Market cap: $25.55 B Vol. 24h: $547.02 M is showing renewed on-chain strength, marking a major spike in daily transactions. According to data shared by TapTools, Cardano’s daily transactions have surged past 50,000 — a major leap from the sub-30,000 levels seen earlier in May. JUST IN: Daily Cardano $ADA transactions have climbed from ~30,000 to nearly 50,000 since the start of May. pic.twitter.com/MkDBkizB34 — TapTools (@TapTools) May 27, 2025 Transaction volume has also surged 6% to $692 million in the last 24 hours, indicating strong user engagement across the network. Additionally, Cardano Feed reported that $680 million worth of ADA tokens have exited exchanges, a trend often linked to self-custody and long-term holding. ADA’s community is also eyeing the decision by the US Securities and Exchange Commission (SEC) on the approval of a spot ADA ETF, expected on May 29. Amid the rising market optimism, approval odds for such a product have climbed to 71% on prediction platform Polymarket. A favorable ruling could drive institutional interest in Cardano similar to the momentum seen after Bitcoin and Ethereum ETF approvals last year. ADA Price Outlook At the time of writing, ADA is trading around $0.75, up by 5% in the past month. Crypto analyst Leader Alpha has described ADA’s current formation as one of the largest bull flags in the crypto space. According to the analyst, the cryptocurrency is nearing a key breakout point on its monthly chart. He predicted a breakout around mid-June, potentially leading to a massive price spike. $ADA…
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