{"id":4542,"date":"2025-06-30T18:11:09","date_gmt":"2025-06-30T18:11:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-sends-mixed-signals-as-whales-start-buying\/"},"modified":"2025-06-30T18:11:12","modified_gmt":"2025-06-30T18:11:12","slug":"cardano-price-sends-mixed-signals-as-whales-start-buying","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-sends-mixed-signals-as-whales-start-buying\/","title":{"rendered":"Cardano price sends mixed signals as whales start buying"},"content":{"rendered":"
\n

Cardano\u2019s price remained unchanged on Monday, capping a difficult month in which it dropped nearly 18%.<\/p>\n

Cardano (ADA) was trading at $0.565 on June 30, down 34% from its May high and 57% from its peak in November. The decline mirrors the broader sell-off across altcoins.<\/p>\n

Cardano\u2019s plunge also coincided with ongoing ecosystem challenges. For example, the total value locked in its decentralized finance ecosystem dropped nearly 20% over the past 30 days to $315 million.<\/p>\n

Cardano\u2019s stablecoin supply remained<\/a> unchanged at $31.4 million, much lower than other chains like Unichain, Sonic, Berachain, Base, and Near Protocol.\u00a0<\/p>\n

Additional data from Artemis<\/a> shows that Cardano\u2019s network slowdown continued in June. Daily active users dropped to just 20,000, the lowest level since 2020 and well below the year-to-date high of 38,000.<\/p>\n

<\/p>\n

Transaction activity has also declined sharply. Cardano processed 797,000 transactions in June, down from 2.8 million in December 2023.<\/p>\n

On the positive side, there are signs that whales have begun accumulating ADA, suggesting growing expectations for a price recovery. Santiment data shows that wallets holding between 1 million and 10 million ADA now hold 5.51 billion tokens, up from this month\u2019s low of 5.45 billion.<\/p>\n

Holders with between 100 million and 1 billion tokens now control 3.25 billion ADA, up from 3.02 billion in May. Similarly, addresses with between 10 million and 100 million tokens hold 13.1 billion ADA.<\/p>\n

<\/source><\/p>\n<\/picture>
ADA whale transactions | Source: Santiment<\/a><\/figcaption><\/figure>\n

A possible reason for the ongoing ADA accumulation is the upcoming Midnight airdrop.\u00a0<\/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 ADA price is sending mixed signals after falling to the key support at $0.519. On the positive side, this could be a sign that this is a double-bottom whose neckline is $0.863. This pattern often leads to a bullish reversal.<\/p>\n

However, this pattern could be an inverse cup-and-handle pattern, a popular continuation sign. It is now forming the handle section.\u00a0<\/p>\n

Cardano has also remained below the 50-day and 100-day moving averages. Therefore, a drop below the support at $0.519 will confirm the inverse C&H pattern and point to more downside.\u00a0<\/p>\n

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

Cardano\u2019s price remained unchanged on Monday, capping a difficult month in which it dropped nearly 18%. Cardano (ADA) was trading at $0.565 on June 30, down 34% from its May…<\/p>\n","protected":false},"author":1,"featured_media":1893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4542","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\/4542","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=4542"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4542\/revisions"}],"predecessor-version":[{"id":4543,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4542\/revisions\/4543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1893"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}