ADA \u2013 the native token of Cardano \u2013 has been hit hard by the ongoing bear market, while recent concerning statements from co-founder Charles Hoskinson have only worsened its condition.<\/p>\n
And as holders cling to hopes of a much-needed rebound, some factors indicate that a deeper drop may be approaching.<\/p>\n
The asset has been in a major decline over the past several months, and the widespread crypto crash at the start of June further accelerated its downturn. ADA slipped well below $0.15 (its lowest level since late 2020) and currently trades around $0.16 (per CoinGecko\u2019s data).<\/p>\n
Its market capitalization has dwindled to just north of $6 billion, putting the token at real risk of losing its prestigious position among the top 20 cryptocurrencies.<\/p>\n
Market conditions remain unfavorable, and Hoskinson\u2019s recent comments, paired with growing weakness across the ecosystem, are only adding to the pressure. Just several days ago, Cardano\u2019s co-founder sparked panic in the community when he said<\/a> he\u2019s \u201ctaking a break\u201d and warned of an upcoming \u201cwave of failures in the ecosystem.\u201d<\/p>\n Meanwhile, the X account BSCN revealed<\/a> that ADA\u2019s daily trading volume, which climbed to $6.3 billion in August 2025, has recently tumbled to a mere $500 million. This trend suggests fading interest in the asset, which could hamper any chance of a meaningful recovery.<\/p>\n Popular analyst Ali Martinez presented another concerning development. He claimed<\/a> that ADA has been forming a bearish flag since the beginning of the month and is now breaking from the structure.<\/p>\n \u201cNow that Cardano has reached the $0.17 support level, the odds have significantly increased for a bigger price correction towards $0.13,\u201d he added.<\/p>\n Still, not everyone is pessimistic about ADA\u2019s short-term future. X user Sssebi recently noted<\/a> that the asset reached its most oversold level (on the weekly chart) in its entire history. That said, they expect a resurgence to above $0.20 within the coming weeks. Crypto with Haris \u20bf also chipped in, opining that ADA\u2019s downfall shouldn\u2019t be seen as the end but as an opportunity.<\/p>\n \u201cBack in 2023,\u00a0<\/span>ADA\u00a0<\/span>went from around $0.22 to $1.30 in just a few months.\u00a0<\/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 the X user reminded.<\/span><\/p>\n The post Cardano\u2019s Meltdown: Is ADA at Risk of Further Decline?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" ADA \u2013 the native token of Cardano \u2013 has been hit hard by the ongoing bear market, while recent concerning statements from co-founder Charles Hoskinson have only worsened its condition. And as holders cling to hopes of a much-needed rebound, some factors indicate that a deeper drop may be approaching. Fasten Your Belts The asset […]<\/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-183193","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/183193"}],"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=183193"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/183193\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=183193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=183193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=183193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Bullish Case<\/h2>\n