ADA Dips 3.34% After Recent Breakout as ETF Decision Looms and Institutional Interest Grows

Cardano (ADA) is currently trading at $0.7376 on Binance, reflecting a 3.34% decrease over the past 24 hours, with a 24h open of $0.7631 and maintaining its position among the top 10 cryptocurrencies by market capitalization. The recent price decline follows a period of positive momentum driven by institutional accumulation, integration with major platforms such as the Brave browser, and anticipation surrounding the U.S. SEC’s decision on the Grayscale spot ADA ETF application, scheduled for May 29, 2025. Despite strong weekly and monthly gains, the short-term pullback appears linked to profit-taking ahead of the ETF decision and broader market consolidation after ADA’s recent breakout and heightened volatility around key resistance levels.