Cardano Smashes 110M Transactions—So Why Are Traders Bracing for a Drop?

Cardano’s blockchain just hit a staggering 110 million transactions—a milestone that should have bulls popping champagne. But the charts aren’t playing along.

Technical indicators flash red as ADA wobbles near key support levels. Analysts whisper about ’overbought exhaustion’ while traders eye exits. Meanwhile, the ’fundamentals vs. technicals’ debate gets another chapter—because nothing unites crypto like a good old-fashioned contradiction.

Funny how a network processing 8-figure transactions still dances to the whims of lines on a screen. Wall Street would never.

The downward pressure is supported by the negative moving average convergence divergence. At 38, the relative strength index is bearish but not yet in oversold territory. Further declines, perhaps toward the $0.65 region, could be possible if the $0.67 support area breaks. On the other hand, a short-term reversal might occur if the price is able to bounce back and close above the $0.72 range.

Meanwhile, development activity on the cardano network has been steady. The Cardano Foundation released its 2025 Ecosystem Guide in late April, which featured practical applications in industries like real estate and supply chain. 

Around the same time, on Apr. 20, Input Output Global announced a collaboration with BitcoinOS to introduce decentralized Bitcoin (BTC) rollups to Cardano through zero-knowledge proofs. The implementation is anticipated to take place later this year.

In another update, Brave confirmed in May that it has integrated ADA support into its browser wallet, and the beta version is now available. Most recently, on June 1, Wanchain added cross-chain routes to the Cardano ecosystem for the transfer of stablecoins like USD Coin (USDC) and Tether (USDT). Later in 2025, Cardano-native stablecoins such as USDA and USDM are expected to go live.