- A breakdown below $0.60 could trigger decline toward $0.53, while recovery above $0.68 would completely reverse the structure.
- Charles Hoskinson suggests converting $100 million ADA to Bitcoin and stablecoins for treasury diversification and risk management effective.
Cardano (ADA) is trading at $0.6370 USD, reflecting a −3.73% daily decline. This drop follows a week of mild gains (+1.74%) but adds to its longer-term bearish performance, with ADA down −23.25% over the past month, −24.46% year-to-date, and −39.95% over the past six months.
Despite these pullbacks, ADA still holds a +45.53% annual gain, showing that it remains a strong long-term performer in the Layer 1 ecosystem.
From a technical perspective, ADA is currently testing a key support zone near $0.63–$0.60, with short-term sentiment leaning bearish due to ongoing geopolitical uncertainty—particularly tensions in the Middle East, which have been cited as contributing to market-wide sell pressure.
A breakdown below $0.60 could expose the asset to further declines toward $0.53, while a recovery above $0.68 would begin to reverse this structure. Indicators currently reflect a neutral to bearish outlook, and volume remains average.
Fundamentally, Cardano continues to develop its ecosystem despite the price action. Founder Charles Hoskinson recently proposed converting $100 million worth of ADA to Bitcoin and stablecoins to improve treasury diversity and risk management.
Meanwhile, Bloomberg has increased the probability of a Cardano ETF approval to 75%, which has stirred optimism about institutional recognition of the project. Whale accumulation has also increased, with over 120 million ADA moved in the last two days, suggesting strategic positioning at these price levels.
Overall, ADA remains under pressure in the short term but is technically poised for a reversal if macro conditions stabilize and volume returns. The $0.60–$0.68 range will be key in determining whether buyers regain control or if further capitulation occurs.
