ADA Price Prediction: Can Cardano Recover Amid Bearish Pressure?

Factors Influencing ADA’s Price

Ford Partners with Cardano for Blockchain-Based Legal Data Storage Pilot

Ford Motor Company is exploring decentralized solutions for legal document management through a strategic partnership with Iagon and CloudCourt. The automaker will advise on a Cardano-based project testing blockchain's potential to streamline global legal operations involving sensitive contracts, court filings, and regulatory documents.

The initiative combines Iagon's decentralized cloud storage with Cardano's smart contract capabilities to create audit-ready archives. Ford's participation signals growing enterprise interest in blockchain applications beyond financial use cases, particularly for industries requiring immutable record-keeping.

This proof-of-concept could establish benchmarks for blockchain-based legal infrastructures against traditional systems. Success may accelerate adoption across multinational corporations dealing with cross-border compliance and document authentication challenges.

Cardano Bears Tighten Grip as ADA Eyes $0.50 Breakdown

Cardano's price has slumped 3% as it tests a critical support level, with rising liquidations and weakening derivatives sentiment fueling fears of a drop to $0.50. The cryptocurrency now trades at $0.61 after a 15% weekly decline, hovering near a make-or-break trendline.

Technical patterns suggest a wedge breakdown looms, though indicators send conflicting signals. MACD remains bearish while RSI flashes a faint bullish divergence. A decisive close below support could trigger a 20% plunge to the psychological $0.50 threshold.

Derivatives markets echo the pessimism, with open interest and funding rates reflecting growing bearish positioning. The looming question: will ADA's institutional holders step in to defend the $0.60 level, or capitulate to the selling pressure?

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.

Will ADA Price Hit 1?

Reaching $1 would require a 64% surge from current levels. Technicals show:

While oversold conditions may prompt short-term bounces, Ava cautions: "The $0.50 support test appears more likely than $1 resistance in this market structure."

Low (Under 20% within 3 months)