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Cardano Price Forecast: ADA risks further decline as Hoskinson rallies support for $6M research proposal
Cardano (ADA) edges lower below $0.2500 at the time of writing on Thursday. The smart contract token has maintained a persistent downtrend since the rejection near $0.2900 on May 10, reflecting broader risk-off sentiment in the crypto market. The derivatives market mirrors the risk-off mood, with futures Open Interest (OI) cooling to $529 million from $533 million the day before and approximately $585 million on May 12. Persistent declines in OI suggest that investors lack confidence in ADA’s ability to sustain short to medium-term gains and are therefore unwilling to open new positions. Cardano Critical ... (full story)
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