ADA Under $0.74 as Exchange Outflows Resemble Pre-2021 Bull Run

The cryptocurrency market has been volatile over the past 24 hours, and Cardano (ADA) is at crossroads after slipping below the important $0.74 level. The dip has fueled bearish sentiment among traders, but some analysts believe it could actually signal the start of a larger accumulation phase ahead of a potential upswing.

Fresh data shows nearly $932 million worth of ADA has been withdrawn from centralized exchanges since the start of 2025. Historically, outflows like this were last witnessed during ADA’s explosive rally to its all-time high of $3.10 in 2021 — hinting that long-term holders might be quietly accumulating once again.

At the time of writing, ADA is trading at $0.73 and according to CoinGecko data, Cardano’s 24-hour trading volume has surged past $1.1 billion.

In terms of price action, ADA has lost nearly 8% over the past week, moving further away from its much-anticipated $1 mark. The token has formed a falling channel on the daily chart, characterized by lower highs and lower lows.

Technical indicators have turned bearish as well — the MACD has confirmed a negative crossover, suggesting ADA could slide further towards $0.67, or $0.51 if selling pressure intensifies. However, the Fear and Greed Index remains firmly in ‘Greed’ territory at 71, a sign that investors are viewing these dips as buying opportunities rather than triggers for panic selling.

Cardano’s ecosystem continues to make strategic strides. Founder Charles Hoskinson has been vocal about the need for regulatory clarity in the U.S., recently showing his support behind the proposed stablecoin bill. He’s also championing Cardano’s expanding role in cross-chain decentralized finance (DeFi), with upcoming integrations planned for XRP and Bitcoin-based protocols.

Meanwhile, institutional interest in ADA remains steady. Grayscale has featured Cardano in its flagship Digital Large Cap Fund (GDLC), alongside heavyweights like Bitcoin, Ethereum, Solana, and XRP. The asset manager also has two pending ETF applications tied to ADA, which, if approved, could unlock new investment flows into the ecosystem.