Cardano ADA Faces Investor Exodus as Emerging Layer-1 Blockchain Kaanch Gains Momentum

As Cardano''s ADA struggles with a 4.7% weekly decline to $0.6330, investors are increasingly turning their attention to promising new Layer-1 solutions like Kaanch. This emerging blockchain platform, currently priced at $0.32 during its presale phase, boasts impressive technical specifications including 1.4 million transactions per second and ultra-low transaction costs of $0.000072. With an upcoming BitMart listing that could see its price reach $30, Kaanch is positioning itself as a serious contender in the competitive blockchain space while Cardano''s sluggish performance continues to disappoint holders.

Emerging Layer-1 Blockchain Kaanch Gains Traction Amid Cardano''s Sluggish Performance

Cardano''s ADA continues to underperform, dropping 4.7% weekly to $0.6330, as investors shift focus toward emerging Layer-1 solutions. Kaanch, a new blockchain platform priced at $0.32 during its presale, is positioning itself as a technical leader with claims of 1.4 million transactions per second and ultra-low $0.000072 transaction costs.

The project''s upcoming BitMart listing at $30 could catalyze significant price appreciation, with promoters suggesting 2460% growth potential. While Cardano struggles with scalability issues, Kaanch''s audited infrastructure and developer-friendly features are attracting attention in the competitive smart contract platform space.

Cardano Shows Bullish Signals Amid Market Correction

Cardano (ADA) appears poised for a significant price movement as technical indicators flash bullish signals despite recent market weakness. The digital asset shed 9.6% last week, sliding from $0.73 to $0.60 before stabilizing NEAR $0.6328.

TradingView analyst MyCryptoParadise notes compelling technical developments on ADA''s 4-hour chart. An internal change of character pattern suggests momentum may be shifting from bearish to bullish, reinforced by a sell-side liquidity sweep near $0.62 that typically precedes reversals. The MACD indicator adds weight to this thesis, displaying bullish divergence as price made lower lows while momentum indicators printed higher lows.

Key support has emerged between $0.63-$0.64, a zone that previously acted as resistance. ADA''s rebound from $0.61 to $0.65 on June 14 confirmed this level''s importance, setting the stage for potential upside.

Cardano (ADA) Price Struggles Below Resistance—Can Long Positioning Trigger a Breakout?

Cardano (ADA) is holding above $0.60, with $0.63 acting as a critical Fibonacci support zone. Upside remains capped by resistance near the $0.68–$0.72 EMA cluster. On-chain volume has been subdued since early June, yet long/short ratios above 2.5 on Binance and OKX suggest traders are betting on a bullish reversal.

A breakout above $0.72 is needed to confirm a trend shift, while failure to hold $0.60 could expose ADA to a retest of the $0.48–$0.50 support range. Meanwhile, cardano has surpassed 1.3 million staking addresses, reinforcing its position as one of the most actively staked blockchains. The upcoming launch of $NIGHT token rewards is expected to further boost staking activity.

A contentious $100M ADA treasury reallocation proposal continues to divide the community. The plan aims to mint native stablecoins (USDM, USDA, iUSD), generate treasury yield, and enhance DeFi liquidity—potentially transforming Cardano’s treasury into a decentralized sovereign wealth fund.

ADA Extends Decline to $0.615 Amid Broader Crypto Sell-Off

Cardano''s ADA token fell 5.35% to $0.6154, continuing a downward trend that began with a late-session sell-off on June 16. The drop mirrors broader risk aversion across digital assets as global macroeconomic tensions weigh on markets.

Technical analysts note potential reversal signs despite the bearish structure. A brief bounce from $0.622 to $0.626 formed an upward-sloping channel, with $0.624–$0.625 emerging as a pivot zone. Volume has since tapered, leaving bulls to watch the $0.615–$0.620 support band for stabilization.

The decline accelerated after ADA broke below $0.650 with high volume, while repeated failures to reclaim $0.630 established new resistance near $0.640. Market direction hinges on both ADA''s ability to hold support and broader crypto market recovery.