Cardano (ADA) Price Plunge: Why This 13% Drop Could Be Your Best Entry Point Yet

Cardano's ADA takes a 13% nosedive—but smart money sees blood in the water.

The third-generation blockchain token got caught in today's market-wide selloff, yet fundamentals remain rock-solid. With Hoskinson's army of developers shipping upgrades and institutional interest growing, this dip smells like opportunity.

Meanwhile, Wall Street 'experts' who missed Bitcoin at $3K are now calling ADA 'overvalued' after the correction. Classic.

TLDR

• ADA trades at $0.60 after dropping 13% in one week, with $50 million in long liquidations
• Cardano network gained 400,000 new wallets in six months, reaching 5.4 million total wallets
• Technical indicators show oversold conditions with RSI at 33.39, near oversold territory
• Key support at $0.60 level remains critical, with next support at $0.57 if it breaks
• Triple bottom pattern forming suggests potential bullish reversal despite current downtrend

Cardano’s ADA token is trading at $0.60, down 2% in the past 24 hours and 13% over the past week. The cryptocurrency fell from over $0.70 on June 12 to current levels around $0.60.

Despite the price decline, Cardano’s network continues to show growth. The blockchain now hosts over 5.4 million wallets, with more than 100,000 new wallets added in the last 60 days alone.

Data from TapTools reveals that Cardano has gained over 400,000 new wallets in just six months. This growth comes as ADA’s 24-hour trading volume surpassed $700 million.

The recent price drop follows a wave of liquidations that hit the market. Aggregated liquidation data shows nearly $50 million in long positions were wiped out around the $0.60 zone last month.

Could ADA and Pepe be at their final stop before a big jump? Looking at the aggregated liquidation levels, all signs point to yes. Buying fear and others’ liquidations is almost always a good strategy.

Chart: @Alphractal https://t.co/f2iKsQZSZC pic.twitter.com/MKyCcFfn86

— Joao Wedson (@joao_wedson) June 17, 2025

CoinMarketCap ranks Cardano’s community sentiment as the 7th most bullish among cryptocurrencies. Over 81% of sentiment indicators show positivity toward the project.

Technical Analysis Shows Mixed Signals

Most technical indicators point to bearish or neutral conditions for ADA. The RSI sits at 33.39, approaching oversold territory. MACD and momentum indicators both show negative readings.

The Commodity Channel Index (CCI) is the only major indicator flashing a buy signal. Moving averages paint a bearish picture, with the 10-day EMA at $0.6324 and 200-day EMA at $0.7097 both above current price levels.

This configuration indicates a strong downtrend remains in place. ADA faces resistance between $0.75 and $0.78, a zone it has failed to break in previous rallies.

The $0.60 level serves as critical support for ADA. If this level fails, the next major support sits at $0.57. A short-term bounce to $0.66 remains possible if current support holds.

Long-term holders have been reducing their positions during recent price action. This selling pressure adds to the bearish sentiment surrounding the token.

Pattern Formation Suggests Reversal Potential

Technical analysis reveals a potential triple bottom pattern forming at current price levels. This pattern typically signals a bullish reversal when confirmed. ADA is also trading within a falling wedge formation, which often precedes upward breakouts.

For a sustained recovery, ADA needs to reclaim the $0.62 level and push toward $0.70. Without this price action, further downside risk remains.

The altcoin market shows signs of exhaustion, with most tokens displaying oversold conditions on shorter timeframes. Small-cap tokens continue to outperform while larger cryptocurrencies like ADA face selling pressure.

Liquidation zones often mark market bottoms when leverage gets flushed from the system. The current setup mirrors previous cycles where forced selling created accumulation opportunities.

Key upside targets for ADA include $1.00, $1.21, and $1.43 if a bullish reversal takes hold. These levels represent previous resistance zones that could act as magnets during a recovery.

The broader cryptocurrency market remains in a state of uncertainty. ADA’s network growth provides a fundamental backdrop that contrasts with current price weakness.

Trading volume remains elevated at over $700 million in 24 hours, suggesting continued interest despite price declines. This activity level indicates market participants remain engaged with ADA despite recent losses.