Cardano’s ADA token is trading near its lowest level in a year, as wider crypto markets face sharp declines following Bitcoin’s fall below $100,000 for the first time in six months.
ADA dropped to around $0.50, a key support level that analysts say could determine its next major move. If the price falls below this zone, traders warn it could lead to a deeper decline. The token has already fallen from about $0.70 in recent months.
Despite the market weakness, blockchain data shows large investors are accumulating ADA. Whales recently purchased more than 348 million ADA—worth roughly $200 million—representing nearly 1% of the total supply. Cardano’s Total Value Locked has also reached a three-year high, and the network has launched its new Cardano Card product.
Institutional interest is rising as well. ADA was recently added to the 21Shares Top 10 Crypto ETF, a move that could increase exposure among traditional investors.
Market indicators, however, remain mixed. ADA is trading around $0.5157, sitting within a support range between $0.49 and $0.52. The Relative Strength Index is at 39.23, suggesting the asset is approaching oversold territory but has not yet reached it. The MACD indicator is flat, showing limited momentum in either direction.
Analysts say ADA’s next move will likely depend on whether it can hold the current support level. A rebound could push the price toward $0.5685 or even $0.60. A breakdown, however, may send it toward $0.48–$0.49 or lower.
