Cardano (ADA) is trading at approximately $0.60, marking a 4.2% decline over the past 24 hours. The cryptocurrency has experienced a 10% drop from its recent high of $0.668 on April 13, 2025.
📊 Market Overview
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Current Price: ~$0.60
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24-Hour Range: $0.60 – $0.63
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Market Cap: Approximately $21.2 billion
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24-Hour Trading Volume: ~$739 million
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Year-to-Date High: $1.32 (March 2025)
🧱 Technical Analysis
ADA has broken below the critical support level of $0.63, with immediate support now at $0.57. If this level fails to hold, further declines could test the $0.54 mark.
Technical indicators such as the Relative Strength Index (RSI) remain below 50, signaling that momentum has not shifted in favor of a recovery.
🐋 Whale Activity
Recent data indicates that large Cardano token holders have offloaded a substantial amount of ADA tokens. Specifically, whales possessing 1 million to 10 million ADA tokens have disposed of more than 100 million ADA during the last week. This significant sell-off has contributed to the downward pressure on ADA’s price.
Despite the bearish market sentiment, Cardano continues to expand its ecosystem. The Cardano Foundation has partnered with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) to accelerate blockchain innovation in decentralized finance applications, DAO governance, and renewable energy solutions.
