{"id":2408,"date":"2025-06-07T17:26:58","date_gmt":"2025-06-07T17:26:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-faces-downside-risk-amid-weak-network-activity\/"},"modified":"2025-06-07T17:26:59","modified_gmt":"2025-06-07T17:26:59","slug":"cardano-price-faces-downside-risk-amid-weak-network-activity","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-faces-downside-risk-amid-weak-network-activity\/","title":{"rendered":"Cardano price faces downside risk amid weak network activity"},"content":{"rendered":"
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Cardano price has moved into a local bear market and is at risk of further downside as network activity and social dominance wane.<\/p>\n

Cardano (ADA) slumped to $0.668 at last check on Saturday \u2014 down by 22% from its highest point in May. It is hovering at its lowest point since May 6.<\/p>\n

On-chain metrics show that Cardano may be on the verge of more downside. Santiment data shows its social dominance score has moved to 0.792%, down from 1.8% in May. This metric means that fewer people are discussing Cardano on social media platforms like X and Reddit.\u00a0<\/p>\n

Another metric shows that the daily active addresses have fallen in the past few weeks. There were 21,565 addresses on Friday, down from over 60,500 in May, a sign that fewer people are interacting with it.\u00a0<\/p>\n

<\/p>\n

Further, the closely watched mean dollar invested age (MDIA) has plunged, a sign that old coins are being moved. The 365-day MDIA figure has tumbled to minus 425, down from 62 in September last year.\u00a0<\/p>\n

The network realized profit\/loss has moved negative to the negative zone, signaling that buyers have started to capitulate.\u00a0<\/p>\n

Finally, the Market Value to Realized Value or MVRV ratio has turned negative, signaling that Cardano has become a bargain. However, the MVRV ratio of minus 0.019, is higher than it was in April when the coin bounced back.<\/p>\n

<\/source><\/p>\n<\/picture>
ADA on-chain metrics | Source: Santiment<\/a><\/figcaption><\/figure>\n

Apart from on-chain metrics, more data shows that Cardano\u2019s ecosystem is not doing well. <\/p>\n

The total value locked in its decentralized finance ecosystem has dropped to $387 million<\/a>, while the total supply of stablecoins is just $30 million. <\/p>\n

These metrics are much lower than Sonic and Unichain, which launched earlier this year.<\/p>\n

Cardano price technical analysis<\/h2>\n
<\/source>
\n\"Cardano\n<\/picture>
ADA price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that the Cardano price has plunged from $1.317 in December to $0.66 today. It has moved below the descending trendline that connects the highest swings since December.\u00a0<\/p>\n

Most recently, it formed a small double-top pattern at $0.845, and has moved below its neckline at $0.713, its lowest point on May 19.<\/p>\n

It has also moved below the 50-day and 200-day Weighted Moving Averages. Therefore, the coin will likely continue falling as sellers target the next key support at $0.513, its lowest point in April, down by 23% from the current level.<\/p>\n

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

Cardano price has moved into a local bear market and is at risk of further downside as network activity and social dominance wane. Cardano (ADA) slumped to $0.668 at last…<\/p>\n","protected":false},"author":1,"featured_media":2409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2408","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\/2408","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=2408"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2408\/revisions"}],"predecessor-version":[{"id":2410,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2408\/revisions\/2410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2409"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}