Price Analysis View Non-AMP

Why Is Cardano (ADA) Price Dropping Today? Here’s What You Need to Know!

Published by
Sahana Vibhute

Cardano (ADA) has been under pressure lately and has dropped nearly 12-15%, slipping below the $0.6 level for the first time in nearly two months. It’s currently hovering around the $0.59 to $0.60 mark, which is a critical support zone for the altcoin. While the broader crypto market isn’t in panic mode, the ADA price seems to be losing steam. 

What’s Dragging the Cardano (ADA) Price Down?

One of the main reasons behind the decline is the bearish technical momentum building up on the charts. Technical indicators are also signalling downward pressure, which is expected to be strong and may continue unless the buyers step in. ADA is also forming a possible falling wedge pattern, which is typically a bullish reversal sign, but it is not confirmed yet. Therefore, if the price breaks below the current support, the next stop could be around $0.57 or even $0.5. 

The above chart shows the price being stuck within a descending parallel channel while holding a crucial support zone. Currently, the price has reached the same support zone between $0.6 and $0.61, but is showing fewer signs of a positive rebound. If the price fails to trigger a rebound, a drop to the next support at $0.51 is viable. However, a rebound may elevate the levels to $0.65, which appears unlikely as the RSI is about to reach the lower threshold. A drop within the oversold range could validate a bearish continuation. 

Long-Term Holders are Taking Profit

On-chain data reveals another red flag: ‘Age Consumed’—a metric that tracks the movement of older coins that have not been transacted for a significant period, just hit a 9-month high. This spike signals the diminishing confidence among the investors, as a rise in the metric suggests the long-term holders are cashing out and hence a negative impact on the ADA price could be imperative. 

This behaviour of the long-term holders seems concerning, as the markets, specifically Cardano, could face excessive selling pressure. This could make ADA more challenging to regain the positive momentum in the short term, keeping the short-term targets activated. This could be a key reason why the Cardano price is struggling to hold its ground. 

What’s Next for the ADA Price?

Now the big question: Is this just a dip or something more serious?

If Cardano can hold above the $0.6 level, we might see a bounce back toward $0.66 or even $0.70. But if that support breaks, $0.57 is the next line of defence. A drop below that? Then $0.50 could come into play quickly. 

The current Cardano (ADA) price action is a mix of technical weakness, long-term holders selling off, and bearish trader sentiment. While it’s not time to panic, it’s definitely a moment to watch closely.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Crypto Treasuries Companies May Crash Markets Nearly 80%, Like Dotcoms!

Crypto treasuries have become the talk of this market cycle, with institutions and corporations scooping…

September 28, 2025

Dogecoin Price at Risk: 20% Drop Looms if Bulls Fail to Reignite Momentum

Dogecoin (DOGE) has recently pushed past the $0.24 mark, signaling renewed strength in its price…

September 28, 2025

Ethereum’s Road to $6000: Why Testing $3,700 in Q4 2025 Could Define the ETH Price Rally

Ethereum (ETH) is about to enter Q4 2025 at a pivotal moment, with traders closely…

September 27, 2025

Quantum Computing vs. Crypto: Are Exchanges Ready for the Next Big Threat?

Crypto markets are under pressure: Bitcoin dipped below $111,000 following macroeconomic shocks, and liquidity stress…

September 27, 2025

Russian Firms Move Billions Using Crypto to Bypass Sanctions: Report

A recent report from blockchain firm Elliptic reveals how Russian state-linked networks have been using…

September 27, 2025

SOL Price Dips but ETF Momentum and Institutional Demand Accelerate

SOL price may have slipped this week, but the broader narrative continues to strengthen. With…

September 27, 2025