The price of Cardano’s ADA token has remained unmoved even after 137 SPAR supermarkets across Switzerland announced they now accept Cardano (ADA) as a payment method, giving the cryptocurrency a new real-world utility.

The integration, powered by a payment system that connects Cardano’s blockchain to everyday retail checkouts, allows SPAR customers to pay directly from their wallets, without converting to traditional currencies.

You can now pay with $ADA at 137 SPAR stores across Switzerland.

In partnership with @DFX_swiss and @BrickTowers, we are helping bring blockchain into everyday commerce through real-time, low-cost retail payments.

Read the full press release: https://t.co/gvYRHclp4F

— Cardano Foundation (@Cardano_CF) March 5, 2026

Cardano’s ADA token remains unmoved

This move marks a significant step toward mainstream adoption of ADA.

For many cryptocurrencies, being used in everyday retail has been a distant goal, and Cardano now joins a small group of digital assets being used at physical stores.

However, despite this positive development, ADA’s market performance has remained relatively stagnant.

At press time, the cryptocurrency was trading around $0.272, down 1.3% over the last 24 hours.

Cardano price technical analysis

From a technical standpoint, momentum indicators provide a mixed picture.

The Relative Strength Index (RSI) is recovering from oversold territory but remains below neutral, suggesting buyers have yet to assert dominance.

The Moving Average Convergence Divergence (MACD) indicator readings are flat, signalling a lack of strong bullish or bearish momentum.

Derivatives markets indicate a cautious stance, with long-to-short ratios below one and declining futures participation, hinting that traders are leaning toward a defensive approach rather than aggressive buying.

On-chain activity also shows more coins are being moved, a signal that holders may be redistributing or taking profits.

Combined with modest daily losses, this data suggests that ADA’s recent rebound is not yet convincing enough to trigger a larger market rally.

ADA price forecast

While Cardano’s integration into 137 Swiss SPAR stores is a landmark moment for adoption, the market has yet to respond.

Technical levels suggest that ADA remains range-bound, and traders should be looking for decisive moves either above the immediate resistance or below the immediate support to determine the next trend.

Notably, a descending trendline has been forming, with $0.28 currently acting as the immediate resistance point.

Therefore, a breakout above this level with sustained volume could open the path toward $0.32, where stronger resistance aligns with clustered moving averages.

On the downside, a clear break under $0.26 could bring the $0.24 level into play.

Falling below that could accelerate selling and bring prices closer to $0.21, echoing recent technical warnings about potential downside.

The post ADA price stuck near $0.27 despite SPAR payment integration appeared first on CoinJournal.

ADA price stuck near $0.27 despite SPAR payment integration

Source: https://coinjournal.net/news/ada-price-stuck-near-0-27-despite-spar-payment-integration/

Cardano price fell more than 9% to extend its downturn, with this coming as Bitcoin tumbled to below the $70,000 support level.

With BTC dragging the broader crypto market into turmoil, Cardano (ADA) dropped to lows of $0.26, signaling prolonged downside risks in this bear cycle.

Other altcoins had it even rougher, with XRP plummeting 14% to under $1.40 and Solana breaching support at $90.

Altcoins slide as BTC tanks amid market panic

Bitcoin sank further on Thursday, with bears breaking below $70,000 to plunge the whole sector into fresh turmoil.

The 8% drop from a retest of $73,000 came as Strategy, the world’s largest corporate holder of Bitcoin, sank into unrealized losses worth billions of dollars.

Treasury Secretary Scott Bessent had also noted on Wednesday that the government would not “bail out” Bitcoin.

However, despite confirmation that the US will not sell its BTC holdings, Cardano, alongside all the top altcoins, nosedived as BTC touched lows of $69,500.

Analysts at Glassnode pointed out that forced selling is escalating.

The $BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling.
These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning.… pic.twitter.com/mcvVqXJcYq

— glassnode (@glassnode) February 5, 2026

Cardano ADA price dives to $0.26

Cardano traded at $0.27 at the time of writing on February 5, 2026, down nearly 9% on the day.

Recent declines mean Cardano price has dived 21% in the past week and 36% in the past month.

The plunge from the $0.8 peak in October 2025 has only accelerated in the past month, with bulls failing to hold onto notable bounces above the $0.30 level.

ADA’s move aligns with bear cycle indicators, including a Fear & Greed Index in extreme fear territory and negative funding rates across exchanges.

Retail and institutional outflows have also amplified the slide, with macroeconomic conditions fueling further pain in a brutal start to the year for buyers.

Given Bitcoin’s outlook, analysts see the current support level of $0.26 as a fragile one for Cardano.

Bearish technicals signal further ADA downtrend

ADA’s daily chart gives a largely bearish outlook after the token’s dip below $0.30 and $0.28.

The dump across risk assets saw buyers fail to hold the 50-day moving average mark, while daily RSI hovers near oversold but lacks bullish divergence.

Data from Coinglass also shows a sharp decline in open interest, and negative funding rates reinforce the outlook.

If the altcoin carnage accelerates amid a broader bear cycle crash, ADA could revisit $0.20 or lower.

On the upside, a shift in macro conditions and regulatory tailwinds could spark bullish bets.

Catalysts like network upgrades or ETF approvals also favour bulls, with short-term targets at $0.50 and $1.

The post Cardano faces deeper plunge as Bitcoin breaches $70K amid bear-cycle fears appeared first on CoinJournal.

Cardano faces deeper plunge as Bitcoin breaches $70K amid bear-cycle fears

Source: https://coinjournal.net/news/cardano-faces-deeper-plunge-as-bitcoin-breaches-70k-amid-bear-cycle-fears/

Cardano’s ADA token is down and faces a brutal supply wall near $0.40, where relentless selling pressure threatens to derail bulls’ hopes of an extended upside.

The token changed hands nearly 4% in the red on Friday, hovering around $0.38 as short-term downside risks persist for top coins. As the chart below shows, ADA traded to a daily low of $0.379.

Cardano price hits supply wall near $0.40

Cardano’s price action has recently encountered a formidable supply wall around the $0.40 threshold, a level that has repeatedly acted as a barrier to upward momentum.

The 50-day exponential moving average sits at $0.41, and acts as a stubborn ceiling that has informed multiple price rejections.

Meanwhile, ​the Relative Strength Index (RSI) on the daily chart currently lingers below the neutral mark. In technical analysis, this highlights a potential extension towards the oversold territory with a sloping outlook.

Another indicator, the ADX, shows a reading of 19.5 and points to bearish strength.

The negative directional dominance favours sellers.

The MACD similarly shows bearish divergence under the zero line, while Bollinger Bands contract toward the lower rail. It all adds up to a token facing huge downside volatility.

The $0.40 zone is therefore just another key resistance level, but a zone of notable supply overhang.

Cardano shows weakness amid broader headwinds

Cryptocurrencies ended the past year largely bearish amid broader market headwinds.

This saw Bitcoin struggle to defend key levels and fall to lows of $80,000 before bouncing. BTC, however, has retreated from above $97,500, and this looks to have capped momentum for top altcoins.

QCP analysts recently noted that while the macro environment could boost bulls, volatility might remain elevated. Both Bitcoin and Ethereum thus show a risk-off outlook unless the market sees cleaner spot bids.

Vaulta is among the altcoins to falter amid this downturn, and Cardano’s on-chain metrics, like dormant supply activation, point to similar sell-off pressure.

Recent rejections from the 50-day EMA also come after prices fell sharply from above $0.82 on October 10, 2025. The moving average now sits at $0.41 and recently triggered a decline to lows of $0.37.

Currently, ADA is back at the fragile $0.38 support, and with funding rates flipping negative, shorts may have an upper hand.

This classic bearish signal signals that retail optimism is evaporating. However, the 26% decrease in daily volume betrays weak conviction, and price may probe the key supply zone again.

If ADA price doesn’t reclaim $0.40 with a volume surge, it risks a 10% breakdown that could bring multi-month support lows of $0.32.

The post Cardano price hits a supply wall near $0.40: can ADA hold support? appeared first on CoinJournal.

Cardano price hits a supply wall near $0.40: can ADA hold support?

Source: https://coinjournal.net/news/cardano-price-hits-a-supply-wall-near-0-40-can-ada-hold-support/

Check our Market Overview 

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Cardano’s ADA token rose more than 10% to trade above $0.38, after buyers pushed the price back above the closely watched $0.35 level that analysts have long identified as a key support zone.

The move comes alongside a broader upswing in the cryptocurrency market.

Bitcoin advanced about 2% to trade above $90,000, providing a supportive backdrop for risk appetite across digital assets.

Major altcoins also recorded strong gains, with Ethereum climbing above $3,100 and XRP jumping to around $1.95, helping lift sentiment toward Cardano.

Elsewhere, memecoins led the day’s advances, posting double-digit increases as Pepe and Shiba Inu rallied sharply.

Hedera also traded higher, adding to the broader altcoin strength.

Cardano reclaims key $0.35 level

Strong buying activity has underpinned ADA’s recent advance, with more than $770 million worth of the token changing hands over the past 24 hours.

Trading volume was up about 34% on the day, pointing to renewed market participation.

Cardano’s price has now moved above its 50-day simple moving average, a level often watched for signs of shifting momentum.

On-chain data also shows improvement in decentralized finance activity, with total value locked on the Cardano network rising about 7% to roughly $231 million, according to DeFiLlama.

While the increase signals fresh inflows, TVL remains well below previous peaks of $544 million in August 2025 and more than $865 million in December 2024.

From a technical perspective, analysts note that ADA had been tightly compressed between the $0.35 and $0.38 levels in recent weeks, creating a fragile setup.

The push above $0.35 is seen as a potential break from that range and could undermine the prevailing bearish pattern if sustained.

If this latest upside momentum holds, short-term targets include $0.42, with potential rally to $0.50.

While risks like a drop below $0.34 persist, Cardano price could rally beyond $0.54 to see bulls eye 2025 highs of $0.73 hit in October. Above that lies the critical $1 level.

In the medium term, crypto analyst Javon Marks says ADA price could target $2.9 with a seven-fold upside potential.

Cardano regains top 10 market cap rank

Cardano extended gains on Thursday, rebounding after briefly slipping out of the top 10 cryptocurrencies by market capitalisation at the start of the year.

ADA has moved back above Bitcoin Cash, with the recovery above the $0.35 level helping restore its position among the largest digital assets.

The rally has lifted Cardano’s market capitalisation to about $13.6 billion.

The move comes alongside broader stability in the crypto market, with Bitcoin trading back above $90,200.

Strength across major altcoins has also supported sentiment, as Ethereum climbed to around $3,100 and XRP advanced about 5% to near $1.95, reinforcing the bullish tone around Cardano.

The post Cardano price jumps to $0.38 as bulls reclaim key level appeared first on CoinJournal.

Cardano price jumps to $0.38 as bulls reclaim key level

Source: https://coinjournal.net/news/cardano-price-jumps-to-0-38-as-bulls-reclaim-key-level/

Check our Market Overview

Cardano (ADA) has plummeted nearly 9% in the past 24 hours, trading as low as $0.51 on November 14, 2025.

The sharp decline has added significant pressure on bulls, with ADA dropping to near the psychologically vital $0.50 support level.

Losses in close to double-digit figures now see this mark in jeopardy, threatening a dump to lows witnessed in October.

Cardano price falls 9% to near $0.50

As one of the top 10 cryptocurrencies by market capitalisation, Cardano’s native token has mirrored the sector-wide downturn.

In the past 24 hours, this dip has gathered pace amid Bitcoin’s breach below $100,000, with BTC touching $97,000.

For Cardano, the drop from intraday highs of $0.57 to current levels around $0.51 highlights the fragility of recent demand zones at $0.56 and $0.54.

Notably, bears have capitalised on the momentum, extending losses from earlier peaks near $0.60.

Another leg down if bulls fail to hold $0.50 could accelerate selling, potentially seeing ADA revisit year-to-date lows of $0.27.

The altcoin touched the mark on October 10, 2025.

However, the level did serve as a rebound buffer in recent months.

Why did Cardano price fall sharply?

As noted, Cardano’s plunge in the past 24 hours is emblematic of a cascading altcoin rout.

Bitcoin’s dramatic fall below $100,000 for the first time since May had top altcoins shedding gains.

Ethereum dropped 8% to near $3,160, Solana declined nearly 10% to below $143, and XRP shed 8% to under $2.30.

Overall, the market convulsion appears pegged on macroeconomic headwinds, this week getting downside momentum despite the US government shutdown, the longest in history at over 40 days, ending on November 13.

President Donald Trump signed a short-term funding bill to end the impasse, a move that sparked brief optimism.

However, investor jitters quickly resurfaced, with US stocks cratering amid fears over the shutdown’s economic scars.

Mostly, the market is pricing in a collapse in the odds of a Federal Reserve rate cut in December.

Analyst on market outlook

Also, risk-off sentiment saw Bitcoin ETF flows flip negative with $870 million in outflows on Nov. 13, the second-largest so far.

Spot Ethereum ETFs also saw exits, with a total of $260 million net outflows that marked the third consecutive day of outflows for the top altcoin.

While the overall sell-off pressure could see ADA price fall and extend the rot below $0.50, analysts are suggesting a short-term dump followed by sustained gains.

Dragonfly managing partner Haseeb Qureshi contextualised the market outlook. In a post on X, he noted:

“Today’s market is much easier,” citing solid fundamentals and a resilient crypto infrastructure.

TBH this is the easiest bear market I’ve ever seen.

Seems like most of you have forgotten what 2022 was like. Luna collapsing, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs–pretty much everything felt like a house of cards.

And then after all that stuff collapsed, the… https://t.co/DUwOZCBG3K

— Haseeb ＞|＜ (@hosseeb) November 14, 2025

Still, short-term consolidation or weakness looms for BTC and altcoins.

If Cardano gets into the mix as has happened so far, a dip below the $0.50 threshold might allow bears to chase $0.27.

Longer-term, though, Cardano’s fundamentals suggest bulls have a shot at regaining the upper hand.

This scenario puts a rebound toward $1 as a base case, with the all-time peak of $3.10 a key target.

The post Cardano price dips 9% as bulls face market turmoil appeared first on CoinJournal.

Cardano price dips 9% as bulls face market turmoil

Source: https://coinjournal.net/news/cardano-price-dips-9-as-bulls-face-market-turmoil/

Cardano (ADA), with its price around $0.87, remains among the top 10 cryptocurrencies by market cap despite bulls struggling over the past month.

While altcoins like Filecoin and BNB surge, ADA hovers at the current level after bears once again showed determination near $0.88.

The token’s 0.5% decline over the past 24 hours amid broader market bounce signals consolidation with technical indicators painting a potential short term bullish flip.

A cascade of selling pressure may otherwise hasten ADA price crash to the $0.70 level.

Cardano price: what are analysts saying?

Market sentiment and broader macro influences weigh heavily not just crypto but overall risk assets.

This includes the US Federal Reserve’s anticipated rate decisions on Sept. 17 that analysts say could be notable for investor sentiment.

“The Fed is widely expected to begin its next easing cycle tonight, with markets fully pricing in a 25bp cut that will bring the policy rate to 4.00–4.25%,” analysts at QCP wrote. “Given the Fed’s well-telegraphed intention to start cutting in September, investor focus is squarely on the Summary of Economic Projections (SEP) for clarity on the pace and scale of easing through 2026. Current market pricing reflects three cuts in 2025 and an additional three in 2026. Powell’s press conference will provide further details on the Fed’s near-term policy path.”

ADA price: 150% amid bullish technical picture?

Over the past week Cardano’s price action has been characterized by a tight consolidation within a descending triangle pattern.

This is a technical formation that often leads to sharp directional moves.

Whereas ADA hovers just above its 20-day exponential moving average (EMA) at $0.86, the Relative Strength Index stands at 51 to suggest room for both bulls and bears.

Buyers can explore a new leg before hitting overbought conditions.

Conversely, hovering near the neutral mid-point signals that sellers have a similar outlook before ADA likely tips towards the oversold territory.

On the upward, Cardano will target the psychological barrier around $1.00 and then a new leg up.

However, if bulls fail to rally, a dip to the historical floor around $0.80 will offer an opportunity for new buying interest.

The $0.70 area is the other big zone of interest for sellers.

Such a move would mean a 10-15% retracement, before bulls retake control and ADA aims for $0.95 and above $1.00.

A 150% surge from current levels means Cardano could hit $2 or higher in coming months.

Bulls’ aim will also include the all-time high above $3.10 reached in September 2021.

The post Cardano price forecast: Could Fed decision catalyze 150% gains for ADA? appeared first on CoinJournal.

Cardano price forecast: Could Fed decision catalyze 150% gains for ADA?

Source: https://coinjournal.net/news/cardano-price-forecast-could-fed-decision-catalyze-150-gains-for-ada/

Cardano (ADA) is riding a wave of renewed investor interest following the highly anticipated launch of the Midnight Network’s NIGHT token airdrop.

The toke airdrop, described by many as one of the most ambitious token distributions in the crypto space, has reignited bullish momentum within the Cardano ecosystem.

With strong fundamentals, favourable technical setups, and growing community engagement, ADA may now be on the verge of a significant breakout.

NIGHT airdrop ignites ecosystem excitement

The Midnight Network, Cardano’s privacy-focused sidechain, officially launched the NIGHT token airdrop — known as the “Glacier Drop” — on August 5.

The drop targets up to 30 million wallets across eight major blockchain ecosystems, including Ethereum, Bitcoin, and Solana.

However, Cardano wallets received the lion’s share, with 50% of the total allocation reserved for ADA holders.

This strategic move not only reinforces Cardano’s dominance in the airdrop but also rewards long-term supporters.

Eligibility was based on a snapshot taken on July 11, targeting wallets with at least $100 in native assets.

Over 23,000 redemptions, totalling more than 470 million NIGHT tokens, were processed within the first few days — an early sign of high user engagement.

Despite some technical glitches involving Ledger wallet signatures and destination address issues, the overall process has been praised for its smooth user experience.

Midnight’s phased distribution strategy, including a thawing period and a scavenger phase, aims to reduce speculative dumping and support steady adoption.

Cardano (ADA) price breakout from descending triangle

While the airdrop has drawn significant attention, the technical charts for Cardano (ADA) have quietly become increasingly bullish.

Technical analysis points to a successful breakout from a long-standing descending triangle, followed by a textbook retest at the $0.72 level.

This level now serves as a critical support zone. Cardano’s ability to hold above it suggests that the rally may be structurally sound.

Currently, ADA is retesting a key resistance area between $0.74 and $0.76. Multiple analysts agree that a break above this zone could open the door to $0.84, a crucial breakout point.

If ADA clears this level with volume, momentum could quickly push the price toward $1.00, and potentially $1.30 in the coming months.

Some market analysts, including CryptoBullet and Ali Martinez, have identified $1.35 as a potential liquidity target.

The long-term bullish scenario sees ADA extending toward $1.60 if broader market sentiment improves and key resistance levels are decisively broken.

Community governance adds more fuel

While technicals and airdrops have grabbed attention, Cardano’s recent developments in community governance have also helped boost investor sentiment.

The community recently approved its first-ever treasury funding proposal, greenlighting Input Output Engineering’s plan for core upgrades.

The approval marked a historic shift, enabling decentralised decision-making for future ecosystem development.

Additionally, Cardano has ramped up its global education initiatives. On August 6, it launched the CBCA blockchain certification course in Portuguese, targeting Brazil’s rapidly growing crypto market.

With Brazil reporting $7 billion in crypto volume and a 30% market growth last year, the move is viewed as a strategic attempt to onboard new developers and users.

Future course releases in languages like Hindi and Swahili could further expand Cardano’s global footprint.

Can ADA ride the Q4 wave again?

Historically, Cardano has shown a strong tendency to rally in the final quarter of the year.

In both 2023 and 2024, Q4 saw significant price increases for ADA following mid-year consolidations.

Current patterns suggest 2025 may follow a similar path. Seasonality, combined with bullish technical indicators and a major ecosystem event like the NIGHT airdrop, has set the stage for a potential surge.

With momentum quietly building, traders are now closely watching the $0.84 resistance level.

A breakout from this point could validate the multi-month reversal and propel ADA toward its next leg up.

The post Cardano price boost as Midnight’s NIGHT token airdrop goes live appeared first on CoinJournal.

Cardano price boost as Midnight’s NIGHT token airdrop goes live

Source: https://coinjournal.net/news/cardano-price-boost-as-midnights-night-token-airdrop-goes-live/

Cardano (ADA) has surged in value following a mix of bullish technical patterns and a heated public exchange involving its outspoken founder, Charles Hoskinson.

The price of ADA currently sits at around $0.75, climbing over 39% in July alone and catching the attention of traders and analysts alike.

Despite the distraction caused by the scam allegations levelled against Input Output (IOG), Cardano’s strong price action and favourable chart structures suggest that its bullish trend remains intact.

Hoskinson hits back at online scam claims

A person named Robin Engraf emailed Hoskinson, accusing Gabriel Martin, allegedly from Input Output (IOG), of embezzling funds during a supposed “trade withdrawal.”

Engraf claimed to have months of chat logs and bank records, urging US authorities to act.

In response, Hoskinson, the founder of Cardano and IOG, has responded to the email publicly, dismissing the accusation as not only baseless but also a reflection of broader gullibility in crypto communities.

In a stern statement, Hoskinson has criticised the trend of blaming public figures for falling victim to scams, calling out what he described as “carelessness and stupidity.”

He emphasised that such incidents are not new and have been occurring for nearly a decade, largely due to impersonators and false promises of extraordinary returns.

Hoskinson didn’t hold back as he argued that people often refuse to take responsibility after being deceived by schemes that promise easy profits.

He noted that victims of scams frequently turn their frustrations toward legitimate figures and companies, despite having no evidence of wrongdoing on their part.

While Hoskinson’s remarks sparked debate online, they also served as a reminder of the ongoing risks tied to impersonation fraud in the cryptocurrency space.

His message, though controversial, aligned with years of warnings about avoiding offers that seem too good to be true.

Current Cardano price action signals a bullish momentum

Even as this public spat unfolded, ADA’s market performance has continued to impress.

The cryptocurrency recently broke out of a long-standing downtrend around $0.63 and has since climbed steadily, forming a series of higher lows and testing resistance at $0.78.

According to market analysts, ADA is currently forming a symmetrical triangle pattern on the 4-hour chart, often a bullish continuation signal.

If the price pushes decisively above $0.80, it could open the path toward $0.84 and potentially even the psychological $1.00 mark.

Technical indicators also appear to support this view, with the Relative Strength Index (RSI) climbing above 70 and the Moving Average Convergence Divergence (MACD) maintaining a bullish crossover on both daily and weekly timeframes.

On-chain volume has also increased during price rallies, further supporting the case for sustained upward momentum.

Trader sentiment has tilted strongly bullish

Alongside strong technicals, trader positioning continues to lean bullish.

According to TapTools, over 70% of open positions on Hyperliquid and Binance are long on ADA, suggesting that the broader market expects further gains in the near term.

This confidence has been building as ADA remains above key support levels, particularly the $0.73 mark.

ADA’s price range over the last 24 hours has fluctuated between $0.7151 and $0.7536, with current levels testing the $0.78 resistance zone.

If bulls manage to flip this zone into support, analysts expect a smooth move toward higher targets in the coming weeks.

Despite the lingering distraction caused by the scam allegations, traders appear more focused on ADA’s improving fundamentals and technical posture.

Hoskinson’s blunt response may have sparked debate, but it has not shaken the conviction among ADA supporters.

The long-term ADA price outlook is optimistic

With its market cap standing at over $27 billion and a circulating supply exceeding 36 billion tokens, ADA continues to rank among the top 15 cryptocurrencies.

Analysts like StonkChris see potential for ADA to revisit the $2 level later this year, especially if broader market sentiment continues to shift risk-on.

Sometimes charts are really just this simple.

A series of higher lows and higher highs.

$2 $ADA incoming. pic.twitter.com/F0ALHesB2v

— Chris (@StonkChris) July 15, 2025

The recent launch of Reeve, an open-source middleware platform by the Cardano Foundation, adds another layer of optimism.

The initiative aims to bridge blockchain with traditional ERP systems, reinforcing ADA’s use case in enterprise environments.

In the short term, all eyes are on ADA’s ability to hold key support levels and break through resistance with conviction.

As technicals align with market sentiment, ADA may be setting up for one of its most important moves of the year.

While controversy continues to swirl around its founder, Cardano’s price action remains strong, reminding the market that, in crypto, fundamentals often speak louder than headlines.

The post ADA price jumps as Cardano founder Charles Hoskinson responds to scam allegations appeared first on CoinJournal.

ADA price jumps as Cardano founder Charles Hoskinson responds to scam allegations

Source: https://coinjournal.net/news/ada-price-jumps-as-cardano-founder-charles-hoskinson-responds-to-scam-allegations/

Cardano (ADA) is just in the green on the day, up about 0.5% in the past 24 hours at the time of writing and risking fresh losses.

Bitcoin’s surge to above $106 has bulls eyeing more upside, and Cardano could ride the broader uptick to snap its bearish daily close streak.

However, with ADA trending in a broadening wedge, a potential retest of the lower trendline suggests buyers may yet hit the rocks.

Cardano price today

Cardano has faced significant volatility over the past month. Having reached highs of $0.84 in late May, the past week has seen it extend losses to nearly 20% over the month and 5% this past week.

This has come amid a broader risk asset sell-off, catalyzed by escalating Middle East tensions.

Currently, the $0.60 level is acting as a near-term support, aligning with a trendline formed since December 2023.

A failure to hold $0.60 could precipitate a retest of $0.50 or lower, particularly as on-chain data indicates rising selling pressure from long-term holders.

ADA price technical outlook

From a technical perspective, ADA is confined within a broadening wedge pattern, characterized by diverging trendlines that suggest increasing volatility.

This pattern implies a potential retest of the lower trendline, which could drive prices toward $0.40 if bearish momentum persists.

Notably, the MACD on the weekly chart shows a bearish crossover, with the MACD line below the signal line, reinforcing downside pressure.

Similarly, the RSI, currently at 44, is below the neutral 50 level and trending downward.

This indicates fading bullish conviction and room for further declines before reaching oversold territory.

These indicators collectively warn of a bearish outlook in the short term.

However, a bullish reversal remains plausible if ADA breaks above the upper wedge boundary of the recently formed pattern.

Such a breakout could catalyze a significant rally, potentially exceeding +380% and targeting levels above $1.6 to $2.00.

This price forecast aligns with historical price cycles and optimistic market conditions.

In the short term, key resistance lies at $0.80 and $1.14, potentially paving the way for$1.5 or higher.

Analysts see the interplay of whale accumulation, with millions of ADA acquired recently, and potential catalysts like an ADA ETF approval bolstering bullish sentiment.

Nevertheless, broader market weakness and profit taking could derail bulls.

In this case, a breakdown below $0.60 could bring $0.40 into play.

The post Cardano price forecast: ADA holds $0.60 but risks fresh losses appeared first on CoinJournal.

Cardano price forecast: ADA holds $0.60 but risks fresh losses

Source: https://coinjournal.net/news/cardano-price-forecast-ada-holds-0-60-but-risks-fresh-losses/

Cardano has taken a major leap in the decentralized finance world with the launch of its first Bitcoin DeFi protocol, Cardinal, triggering a sharp rise in the price and trading volume of ADA.

The Bitcoin DeFi protocol was first unveiled by Charles Hoskinson, the founder of Cardano, during the Bitcoin 2025 conference, where a live demo showcased a bridgeless BTC-to-Cardano transaction using the new system. The protocol is now live.

Cardano founder Charles Hoskinson has announced the launch of Cardinal, the first Bitcoin DeFi protocol on the Cardano network. The protocol leverages MuSig2 multi-signature technology to enable non-custodial cross-chain functionality, allowing users to directly use Bitcoin UTXOs…

— Wu Blockchain (@WuBlockchain) June 10, 2025

The news quickly rippled through the market, lifting ADA’s price by nearly 4% within 24 hours and pushing its trading volume to over $700 million, according to DefiLlama and market tracking data.

Adding fuel to ADA’s bullish momentum is its recent inclusion in the Nasdaq cryptocurrency index, something that is driving institutional interest.

Cardinal brings Bitcoin to Cardano’s DeFi ecosystem

For the first time, Bitcoin holders can now access decentralized finance services on Cardano without going through centralized custodians or third-party bridges.

Developed by Input Output (IOHK), Cardinal wraps Bitcoin’s unspent transaction outputs (UTXOs) into pegged tokens that users can stake, lend, or borrow while retaining full control over their assets.

The protocol employs the MuSig2 multi-signature scheme to handle peg-in and peg-out processes securely, ensuring the original Bitcoin remains locked on its native blockchain.

Because of this trust-minimized design, Cardinal is seen as a major innovation compared to traditional wrapped Bitcoin solutions that depend heavily on custodial infrastructure.

Wrapped UTXOs and cross-chain compatibility

What sets Cardinal apart is its ability to handle Wrapped UTXOs in a manner that remains transparent and secure while offering flexibility in how users reclaim their native Bitcoin or Ordinals.

These wrapped tokens are not only pegged 1:1 with BTC, but they can also be burned at any time by users to retrieve their original assets through a verifiable process.

Cardinal also uses BitVMX, an off-chain execution system, to bridge Bitcoin’s scripting limitations and enable interactions with Cardano’s smart contracts.

Furthermore, this approach facilitates compatibility with other blockchains such as Ethereum, Solana, and Avalanche, expanding the reach of Bitcoin within multi-chain DeFi environments.

Cardano DeFi platforms are already adopting Cardinal

Major Cardano-based DeFi platforms including MinswapDEX, SundaeSwap, and Fluid Tokens have already integrated Cardinal, giving users the ability to farm, lend, and trade Bitcoin-linked assets directly.

With this integration, Bitcoin can now be used as collateral, traded for other native tokens, or even employed in NFT and Ordinal markets without compromising security or history.

Technical director Romain Pellerin emphasized that while Cardinal is already transformative, future upgrades will focus on wallet integration, zero-knowledge proofs, and increased liquidity.

These enhancements are expected to deepen the protocol’s appeal and strengthen Cardano’s position in the broader DeFi landscape.

The post ADA price jumps as Cardano launches first Bitcoin DeFi protocol appeared first on CoinJournal.

ADA price jumps as Cardano launches first Bitcoin DeFi protocol

Source: https://coinjournal.net/news/ada-price-jumps-as-cardano-launches-first-bitcoin-defi-protocol/