Cardano\u2019s native token has collapsed by almost 80% over the past year, while its founder, Charles Hoskinson, said he\u2019s \u201ctaking a break\u201d and warned about an upcoming \u201cwave of failures\u201d in the ecosystem.<\/p>\n
Despite the grim reality, certain analysts remain optimistic that a price revival could be on the way, while some key indicators support the bullish scenario.<\/p>\n
Earlier this month, ADA briefly crashed below $0.15, its lowest level since the end of 2020. As of this writing, it is worth around $0.16 (per CoinGecko\u2019s data), which remains quite close to the local bottom.<\/p>\n
And while many industry participants have lost faith in the token and expect additional losses, X user Sssebi presented<\/a> an optimistic scenario. They believe Cardano\u2019s ADA will not remain in its current range for long and predict a surge above $0.20 within a month.<\/p>\n The analyst based their theory on the asset having reached its most oversold level (on the weekly chart) in its entire history. Data show that the Relative Strength Index (RSI) recently dropped to 12 and now stands at around 25, which is still considered a bullish territory. On the other hand, ratios above 70 signal that ADA has become overbought and could be gearing up for a correction.<\/p>\n <\/a>ADA RSI, Source: CryptoWaves<\/p>\n Another popular X user who hasn\u2019t panicked amid the bloodbath is Crypto with Haris \u20bf. They claimed<\/a> ADA\u2019s meltdown doesn\u2019t look like the end but like an opportunity, reminding that similar collapses have occurred in the past.<\/p>\n \u201cBack in 2023, <\/span>ADA <\/span>went from around $0.22 to $1.30 in just a few months. <\/span> Maybe history repeats itself. Maybe it doesn\u2019t. But if the next bull run comes, I wouldn\u2019t be surprised to see Cardano make another crazy move,\u201d they said.<\/span><\/p>\n Cardano\u2019s founder, Charles Hoskinson, has drawn significant attention lately following several controversial statements. At the start of June, he raised concerns within the community by announcing<\/a> a temporary break and warning that the broader ecosystem could experience a \u201cwave of failures\u201d due to project closures and financial difficulties.<\/p>\n Shortly after, Hoskinson opined<\/a> that Cardano is \u201cthe only ecosystem that can run the world,\u201d while\u00a0more recently, some X users have\u00a0suggested<\/a><\/span>\u00a0he might have sold approximately 1.5 billion ADA during the 2021 bull run. He hasn\u2019t responded to the accusations, but the speculation could further shake investors\u2019 confidence and lead to an additional price drop for the asset.<\/p>\n The post Can Cardano (ADA) Rally by Double Digits After Falling to a 5.5-Year Low?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Cardano\u2019s native token has collapsed by almost 80% over the past year, while its founder, Charles Hoskinson, said he\u2019s \u201ctaking a break\u201d and warned about an upcoming \u201cwave of failures\u201d in the ecosystem. Despite the grim reality, certain analysts remain optimistic that a price revival could be on the way, while some key indicators support […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-178994","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178994"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178994"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178994\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Crazy Rumor<\/h2>\n
![<\/a>ADA RSI, Source: CryptoWaves<\/p>\nAnother popular X user who hasn\u2019t panicked amid the bloodbath is Crypto with Haris \u20bf. They claimed<\/a> ADA\u2019s meltdown doesn\u2019t look like the end but like an opportunity, reminding that similar collapses have occurred in the past.<\/p>\n\u201cBack in 2023, <\/span>ADA <\/span>went from around $0.22 to $1.30 in just a few months. <\/span> Maybe history repeats itself. Maybe it doesn\u2019t. But if the next bull run comes, I wouldn\u2019t be surprised to see Cardano make another crazy move,\u201d they said.<\/span><\/p>\nThe Crazy Rumor<\/h2>\nCardano\u2019s founder, Charles Hoskinson, has drawn significant attention lately following several controversial statements. At the start of June, he raised concerns within the community by announcing<\/a> a temporary break and warning that the broader ecosystem could experience a \u201cwave of failures\u201d due to project closures and financial difficulties.<\/p>\nShortly after, Hoskinson opined<\/a> that Cardano is \u201cthe only ecosystem that can run the world,\u201d while\u00a0more recently, some X users have\u00a0suggested<\/a><\/span>\u00a0he might have sold approximately 1.5 billion ADA during the 2021 bull run. He hasn\u2019t responded to the accusations, but the speculation could further shake investors\u2019 confidence and lead to an additional price drop for the asset.<\/p>\nThe post Can Cardano (ADA) Rally by Double Digits After Falling to a 5.5-Year Low?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Cardano\u2019s native token has collapsed by almost 80% over the past year, while its founder, Charles Hoskinson, said he\u2019s \u201ctaking a break\u201d and warned about an upcoming \u201cwave of failures\u201d in the ecosystem. Despite the grim reality, certain analysts remain optimistic that a price revival could be on the way, while some key indicators support […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-178994","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178994"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178994"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178994\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/ADA-RSI.png\"){kind=link}