Cardano (ADA) is still in negative territory, unable to rebound as the broader crypto market struggles to recover from a dramatic crash this week that led to approximately $110 billion being erased from its total value within less than 24 hours.
The retreat might also be the result of increased whale selling pressure. Indeed, large holders have turned exceedingly cautious while offloading more than 350 million ADA last week.
As a result, Cardano price is down 1.55% as of Thursday, October 16, trading at $0.677 at press time.
The daily trading volume has likewise taken a heavy blow, plummeting nearly 20% to $1.15 billion and reflecting softened market activity.
Adding to the uncertainty, Cardano futures open interest has also fallen nearly 4% over the past 24 hours, as per CoinGlass data, suggesting traders are becoming less confident with taking risk bets on the asset.
What’s more, traders also appear to have lost faith in Cardano exchange-traded funds (ETFs) being approved this year. Namely, the odds of an ADA ETF coming in 2025 have dropped from 91% on October 14 to just 72% on October 16, according to the cryptocurrency-based prediction platform Polymarket.
ADA price prediction October 2025
Seeing how both Cardano and the overall crypto market are fighting to recuperate, Finbold consulted its AI price prediction machine learning tool to see how the story might develop and predict an average ADA price for October 31 by integrating three large language models (LLMs) with momentum-driven market technical indicators.
As the projections suggest, the token is likely to stay on a downward path, potentially trade as low as $0.64 by the end of the month, implying a -5.75% downside from the current levels.
All LLMs used in the prediction were unequivocally bearish. Claude Sonnet 4 projected the lowest Cardano price of $0.62 (-8.69%) while Grok 3 and GPT-4o both suggested it might go down to $0.65 (-4.28%).
While the AI outlook is undeniably pessimistic, some analysts actually believe the narrative might turn bullish. For instance, market expert Ali Martinez shared his own forecast on October 15, implying that ADA could hit $1.88 if it pushes past the $0.9 mark.
Nonetheless, given all the more recent developments in the past couple of days discussed above, investors seem to be more wary, a sentiment probably propped by the ongoing trade war tensions and other macroeconomic uncertainties.
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