BTC
$104,479.38
–
0.40%
ETH
$2,505.70
–
0.22%
USDT
$1.0004
–
0.01%
XRP
$2.1565
+
0.09%
BNB
$641.68
–
0.16%
SOL
$143.80
–
1.42%
USDC
$1.0000
–
0.02%
TRX
$0.2740
+
1.18%
DOGE
$0.1688
+
0.30%
ADA
$0.5945
–
0.18%
HYPE
$36.84
–
5.61%
WBT
$49.33
+
0.88%
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$484.66
+
4.24%
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$2.8162
+
1.25%
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$13.02
+
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–
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SHIB
$0.0₄1152
–
0.91%
By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Jun 19, 2025, 2:39 p.m.
- ADA dropped to $0.5965, falling below the $0.60 psychological level despite early support formation.
- 24-hour trading volume spiked 30% above the 7-day average, suggesting elevated market interest.
- Market structure shows potential accumulation with reduced selling pressure and higher lows forming intraday.
Cardano’s ADA
token is struggling to maintain upward momentum, sliding to $0.5965 despite signs of support at the $0.60 psychological threshold, according to CoinDesk Research’s technical analysis model.
Earlier price action suggested a bullish reversal pattern, including a potential triple bottom formation, but the failure to hold $0.60 highlights ongoing weakness in the market.
STORY CONTINUES BELOW
What stands out is the surge in 24-hour trading volume, which rose 30% above its 7-day moving average — a sign of increased market engagement. Although short-term price action remains bearish, the rise in activity combined with a reduction in exchange netflows could indicate that ADA holders are shifting toward long-term storage.
With over 2,000 decentralized applications and 10.8 million native tokens deployed on the Cardano network, some traders are positioning for a potential rebound if the broader market stabilizes.
Technical Analysis Highlights
- ADA traded between $0.589 and $0.612 over the 24-hour period, a 3.9% range.
- After testing support at $0.590, buying pressure pushed the price near $0.609, followed by consolidation between $0.597–$0.603.
- Final hourly candle closed at $0.5965, confirming a break below $0.60 with no immediate bounce.
- Uptrend structure of higher lows was disrupted, weakening bullish momentum.
- A 30% spike in 24-hour trading volume suggests elevated participation, though short-term sentiment remains fragile.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
