{"id":11954,"date":"2025-09-28T14:13:17","date_gmt":"2025-09-28T14:13:17","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-at-risk-of-a-deeper-dive-as-key-defi-metrics-crash\/"},"modified":"2025-09-28T14:13:21","modified_gmt":"2025-09-28T14:13:21","slug":"cardano-price-at-risk-of-a-deeper-dive-as-key-defi-metrics-crash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-at-risk-of-a-deeper-dive-as-key-defi-metrics-crash\/","title":{"rendered":"Cardano price at risk of a deeper dive as key DeFi metrics crash"},"content":{"rendered":"
\n

Cardano price has plunged into a bear market by over 24% from the year-to-date high; technicals in the DeFi industry point to more downside.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Cardano price has formed a head-and-shoulders and a rising wedge pattern on the daily chart.<\/li>\n
  • The total value locked in its DeFi ecosystem has plunged in the past few weeks.<\/li>\n
  • It is not benefiting from the GENIUS Act as the stablecoin supply has crashed.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Cardano (ADA) token dropped to $0.7736, its lowest level since Aug. 12, mirroring the performance of most altcoins like Ethereum and Solana.<\/p>\n

    One of the key fundamental reasons for the plunge is the Cardano\u2019s decentralized finance ecosystem has underperformed its peer chains. The total value locked has plunged to $320 million, its lowest level in months and much lower than the year-to-date high of $680 million.<\/p>\n

    Cardano has not had any major new DeFi applications in its ecosystem this year. The biggest names in its ecosystem are platforms like Liqwid, Minswap, and Indigo.<\/p>\n

    Meanwhile, Cardano is not benefiting from the recently passed GENIUS Act <\/strong>as the total stablecoin supply in its network has dropped by 4.4% in the last seven days to $37 million. This supply is much smaller than other newer blockchains like Unichain, Linea, and Plasma.<\/p>\n

    <\/p>\n

    Cardano\u2019s decentralized exchange ecosystem has also gone quiet, with the volume continuing to falling. These DEX networks handled just $1.4 million in the last 24 hours.<\/p>\n

    Additionally, there are signs of little institutional demand for Cardano as only Grayscale has filed for a spot ADA ETF. In contrast, coins like Solana (SOL) and Ripple (XRP) have attracted at least 7 applications.<\/p>\n

    Cardano price technical analysis<\/h2>\n
    ADA price chart | Source: crypto.new<\/figcaption><\/figure>\n

    A technical analysis suggests further downside for the Cardano price in the coming weeks.\u00a0It has formed a rising wedge pattern on the daily chart. A closer look reveals that it has already moved below the lower side of this pattern, indicating further downside.<\/p>\n

    Cardano price has also formed a head-and-shoulders pattern and has already crashed below the neckline.<\/p>\n

    ADA price has plunged below the 50-day and 100-day Exponential Moving Averages, a sign that bears have prevailed.<\/p>\n

    The Average Directional Index has moved to 22, indicating that the downtrend is intensifying.<\/p>\n

    Therefore, these patterns suggest a potential downside, potentially reaching the June low of $0.5095, which is approximately 35% below the current level.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Cardano price has plunged into a bear market by over 24% from the year-to-date high; technicals in the DeFi industry point to more downside. Summary Cardano price has formed a…<\/p>\n","protected":false},"author":1,"featured_media":7732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11954"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11954\/revisions"}],"predecessor-version":[{"id":11955,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11954\/revisions\/11955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7732"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}