- Cardano continues developing with Hydra Layer 2 for throughput, Mithril off-chain syncing, and Voltaire governance attracting growing developer interest.
- Governance roadmap targets full DAO under Voltaire phase; DeFi protocols Minswap, Liqwid and Indigo show modest TVL growth.
Cardano (ADA) is currently priced at $0.593, having declined from a recent high of $0.655, reflecting a daily drop of 1.52% and an approximate 6% decline for the week.
The asset is under pressure and appears to be entering a consolidation or potential breakdown phase, with technical support levels now identified at $0.55 and $0.50.
Traders are also watching the $0.51 zone as a potential historical pivot area. This price action fits within a broader retracement from ADA’s 2024 local highs and echoes general weakness seen across the altcoin market.
From a technical standpoint, ADA’s structure has shifted from bullish to neutral-to-bearish in the short term. Momentum indicators, such as the RSI and MACD, suggest that ADA has not yet found a confirmed local bottom, and further downward pressure may emerge if the $0.55 support fails to hold.
The price is currently below both the 50-day and 200-day EMAs, which is typically seen as a bearish posture unless a reversal with volume follows. Should the price rebound from the current level, resistance would be encountered in the $0.64–$0.68 zone, where ADA was rejected recently.
On the fundamentals, Cardano continues to develop under the leadership of Charles Hoskinson and IOHK, with increasing focus on its smart contract platform, decentralized governance framework (Voltaire), and scalability initiatives.
Mithril development – Advancing secure, decentralized blockchain data access without requiring a full node sync.
Securely accessing the Cardano blockchain often requires running a full node. This is resource-intensive and can limit accessibility, pushing users towards… pic.twitter.com/eeW9hzJhRk
— Input Output (@InputOutputHK) June 18, 2025
The network’s push into Hydra, a Layer 2 protocol designed to enhance throughput, and Mithril, a lightweight client for secure off-chain syncing, continue to attract developer interest. Despite these innovations, ADA’s market value has not yet reflected the technical milestones due to muted retail participation and cautious institutional positioning.
News-wise, there has been renewed interest in Cardano’s governance roadmap, which aims to transition ADA into a fully decentralized DAO structure during the final Voltaire phase. This is expected to empower token holders with on-chain voting power, influencing funding decisions and protocol upgrades.
The markets are deep. We could convert 140 million ada over a week or so without moving the market using OTCs and TWAPs. It's a false narrative.
What is killing Cardano is our stablecoin situation. This would start to solve it. Generate some non-inflationary revenue for the… pic.twitter.com/vSXetbK9sv
— Charles Hoskinson (@IOHK_Charles) June 12, 2025
Additionally, Cardano-based DeFi protocols such as Minswap, Liqwid, and Indigo have shown growth in TVL, although it remains modest compared to competitors on Solana or Ethereum.
ADA’s current market structure reflects broader sentiment in altcoins, which are facing headwinds due to Bitcoin dominance and capital rotation into AI and RWA narratives. Still, many long-term holders consider ADA undervalued at sub-$0.60 prices, particularly if network activity and on-chain governance adoption pick up in H2 2025.
