Cardano ended June 2025 on a disappointing note, registering a 16% decline despite positive ecosystem developments. The launch of the cbETH cross-chain bridge, ADA’s integration into Coinbase’s Base L2, and broader market speculation around cross-chain XRP compatibility failed to support price momentum.
Adding to the pressure, $182 million in outflows, poor sentiment, and the reality that only 46% of ADA holders remain in profit reflect a loss of confidence among investors. However, all eyes are now on Grayscale’s proposal for the first U.S. Cardano ETF. Which, if approved, could shift tides by providing regulated exposure and institutional interest.
A review of on-chain metrics reveals a telling decline in Cardano’s 24h Active Addresses, which dropped from around 24,000 to under 18,000 by June 21. This steep fall signals a sharp decrease in user activity, often a red flag during price downturns.
Despite recent upgrades, user participation did not surge, highlighting a growing disconnect between ecosystem expansion and retail engagement. This metric’s decline also aligns with the ongoing price trend, hinting at lackluster demand during network evolution.
At press time, Cardano is changing hands at $0.5590, down 1.02% on the day and 3.81% over the past week. The broader sentiment remains cautious as ADA hovers between key levels, with $0.5235 acting as immediate support and $0.5989 to $0.6533 as resistance zones.
The RSI at 49.65 suggests near-neutral momentum, while the Bollinger Bands show pressure. If the selling trend continues, ADA may revisit the $0.52 bearish target. Conversely, a bullish breakout above $0.59 could open room to test $0.64, especially if ETF optimism gains traction and on-chain participation improves.
Also read: Cardano (ADA) Price Prediction 2025, 2026-2030!
Despite innovations like cbDA on Base and XRP bridge updates, heavy outflows and weak sentiment outweighed bullish catalysts.
The price of 1 ADA at the time of press is at $0.5590 with an intraday change of -1.02%.
With RSI near neutral and price close to support, ADA offers potential, but it depends on renewed activity.
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