Cardano Under Pressure: Technical Weakness, Whale Accumulation, and Innovation Shape Outlook

Cardano Faces Downward Pressure Amid Innovation and Whale Accumulation

According to Krypto Magazin, Cardano (ADA) is currently under significant downward pressure. After being rejected at the top of a descending channel at $0.74, the ADA price dropped by more than 5% and is now trading around $0.64. If selling pressure continues, the next targets are $0.63 and $0.54. The negative funding rate of -0.0017% in the futures market signals a predominantly bearish sentiment among traders. The number of daily active addresses has fallen to 21,600, indicating declining network usage. Momentum indicators such as the Relative Strength Index (RSI) at 46 and a bearish MACD crossover confirm the weakness. A break below $0.63 could lead to a further decline towards $0.54.

• Technical indicators confirm the downtrend.
• Declining user activity reinforces bearish outlook.

Infobox: Cardano is under strong selling pressure, with price targets at $0.63 and $0.54. Network activity and technical indicators point to further weakness. (Krypto Magazin)

Cardano Price Stabilizes After Drop – Whales Accumulate

The Coin Republic reports that after a sharp decline, Cardano's price has stabilized at $0.66. The support zone between $0.58 and $0.62 has been tested several times in recent weeks. Despite a 24-hour loss of 2.78%, ADA remains above a key support area. The recent trading range is between $0.6692 and $0.6936, indicating a period of low volatility. In April 2025, large ADA transactions totaled over $9.12 billion, suggesting renewed whale accumulation. Whale volume peaked at $9.12 billion in December 2024 and dropped to $7.46 billion in April 2025. Technical indicators such as MACD and RSI are neutral but show signs of hidden bullish divergence. A significant development is the bridgeless transfer of Bitcoin to Cardano, enabling cross-chain functionality without intermediaries, which could strengthen Cardano's role in blockchain interoperability.

• Whales accumulate ADA during periods of weakness.
• Technical indicators suggest a possible trend reversal.
• New cross-chain technology could strengthen Cardano's position.

Infobox: Despite the price drop, ADA remains above the support zone. Whales are accumulating, and technological advances could improve future prospects. (The Coin Republic)

Cardano: Weak Phase Despite Network Growth

Börse Express highlights that Cardano is experiencing a weak phase, even as the network shows impressive growth figures. The ADA price has lost the 50-day average and is testing a critical support zone at $0.65. A break of this level could trigger further losses down to $0.54. Despite price setbacks, the network continues to grow: over 5.3 million wallets (+4.28% since the start of the year), about 2,275 new wallets daily, 1.33 million delegators (+1.43%), and nearly 20,000 new smart contracts in 2025. The number of Plutus V3 smart contracts increased by 548%. However, transaction fees have dropped by 52%, and network usage is at multi-month lows. New projects like Mutuum Finance are increasing competitive pressure.

• Technical weakness despite fundamental strength.
• Declining usage and fees weigh on the price.
• Competition from new projects is increasing.

Infobox: Cardano is growing fundamentally but struggling with technical weakness and declining usage. The support zone at $0.65 is crucial. (Börse Express)

Cardano Consolidates at $0.67 – Whales Buy, Market Awaits Breakout

The Coin Republic notes that Cardano is consolidating at $0.6715, a 1.64% drop in the last 24 hours. In April, whales accumulated 410 million ADA worth $283 million, indicating strategic buying near support levels. Liquidation data shows that short positions worth about $10,000 were closed when ADA briefly reached $0.704. In April, long traders faced liquidations of up to $9.65 million as ADA fell below $0.60. Technical analysis reveals a symmetrical triangle, with its apex expected between May 8 and 9. The price is just below the 200-day EMA ($0.7113) and the 200-day SMA ($0.7766). Short-term support is at $0.67. A breakout above $0.705 could push ADA to $0.76–$0.78, while a breakdown could see a drop to $0.62. Market capitalization recently rose by 2.82% to $23.47 billion, and 24-hour trading volume increased by 36.39% to $743.88 million.

• Whales are strategically accumulating during consolidation phases.
• Technical patterns suggest an imminent breakout.
• Market positioning has become more balanced.

Infobox: Cardano consolidates at $0.67, with whales continuing to buy. A breakout is imminent, and market sentiment remains cautious. (The Coin Republic)

First Bridgeless Bitcoin-to-Cardano Transfer: Technological Milestone

The Coin Republic reports a technological milestone: for the first time, Bitcoin (BTC) was transferred to the Cardano blockchain without using a traditional bridge. This was made possible by the BitSNARK protocol from BitcoinOS, which uses zero-knowledge proofs to ensure security. BTC can now be used as xBTC on Cardano's UTXO-based system. This innovation increases security by eliminating custodians or intermediaries, reducing the risk of attacks. Cardano founder Charles Hoskinson aims to establish Cardano as the primary DeFi layer for Bitcoin. Cardano's Total Value Locked (TVL) rose above $700 million in December 2024, but still lags behind Ethereum ($46 billion). The integration could allow Bitcoin holders to access DeFi features without converting BTC. Additionally, the Lace Wallet version 1.22.1 was released as a Firefox extension, enhancing user accessibility. The wallet supports new wallet creation, seed phrase recovery, staking, and interaction with decentralized apps.

• First bridgeless BTC-to-Cardano transfer using zero-knowledge proofs.
• Cardano positions itself as a DeFi layer for Bitcoin.
• Lace Wallet expands functionality and user-friendliness.

Infobox: The bridgeless transfer of Bitcoin to Cardano marks a significant step for interoperability and security in the crypto sector. (The Coin Republic)

Cardano Poised for Breakout: Technical Patterns and Upgrade in Focus

According to investx.fr, Cardano (ADA) could surpass the $0.74 mark this week. ADA is currently trading at $0.6835, a 1.07% drop in the last 24 hours. Short-term support is at $0.6690, with resistance at $0.6935. Cardano remains about 78% below its all-time high of $3.10 (September 2021). Technical indicators such as the MACD lines show a neutral sentiment. On the daily chart, ADA has broken out of a downward wedge and formed an inverse head-and-shoulders pattern, both considered bullish reversal signals. Cardano is also preparing the "Ouroboros Leios" network upgrade, which aims to improve blockchain speed and performance, especially for DeFi applications and NFTs. Founder Charles Hoskinson emphasizes that efficiency will be increased without compromising security.

• Technical patterns indicate a bullish reversal.
• Resistance at $0.74 is a key level.
• "Ouroboros Leios" upgrade aims to boost performance and efficiency.

Infobox: Cardano is on the verge of a possible breakout above $0.74, supported by positive technical patterns and an upcoming network upgrade. (investx.fr)

Editorial Assessment

The current developments around Cardano reflect a period of heightened uncertainty, where technical weakness and declining network activity are contrasted by fundamental progress and technological innovation. Ongoing whale accumulation during consolidation phases suggests that institutional and large-scale market participants continue to view Cardano as strategically relevant. The introduction of bridgeless cross-chain transfers and continuous network development strengthen long-term prospects, even though short-term volatility and further setbacks are possible. Key support and resistance zones remain in focus, as a break below could lead to further declines, while a sustained breakout above the mentioned levels could shift momentum. The growing number of smart contracts and integration of new technologies could significantly enhance Cardano's appeal in the DeFi and NFT sectors in the medium term. However, short-term market dynamics remain characterized by uncertainty and a wait-and-see attitude.

• Technical weakness meets fundamental innovation.
• Whales and new technologies support long-term prospects.
• The market is waiting for clear signals of a trend reversal.

Infobox: Cardano stands at a crossroads between short-term weakness and long-term potential. The coming weeks could be decisive for its further development. (Krypto Magazin, The Coin Republic, Börse Express, investx.fr)

Sources:

• Cardano zwischen Abwärtsdruck und Innovation: Kurs schwach, Wale und Technik im Fokus