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

Coinpedia

Cardano 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 Price Down?

One of the main reasons behind the decline is the bearish technical momentum building up on the charts. Technical indicators are also signaling 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 behavior 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 defense. A drop below that? Then $0.50 could come into play quickly.

The current Cardano 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.

Risk Warnings and Disclaimers

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Blocksense Moves Beyond the Oracle Bottleneck with Verifiable, Permissionless Infrastructure

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Bitcoin Trades Steady Amid Investor Caution Over Israel-Iran Conflict — Market Talk

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Top Chinese Bitcoin Mining Equipment Makers Move to the US to Avoid Tariffs

Beincrypto

In a significant move for the global Bitcoin mining industry, three of China’s largest mining equipment manufacturers—Bitmain, Canaan, and MicroBT—are relocating their assembly operations to the United States to avoid new import tariffs imposed by President Donald Trump.

This decision reflects a major strategic shift. These companies are responding to increasing trade pressure from US tariff policies. Investors predict this move will benefit the Bitcoin mining sector in the United States.

US-China Trade War Reshapes Bitcoin Mining Industry

According to Reuters, Bitmain, Canaan, and MicroBT plan to build manufacturing facilities in the US. They aim to take advantage of local labor and infrastructure to meet the rising demand in the Bitcoin market.

This move is widely seen as an effort to shield themselves from tariffs and restructure their supply chains.

“The US-China trade war is triggering structural, not superficial, changes in bitcoin’s supply chains,” said Guang Yang, Chief Technology Officer at crypto tech provider Conflux Network, as quoted by Reuters.

Currently, these three companies produce over 99% of the world’s ASICs (Application-Specific Integrated Circuits) used for Bitcoin mining.

According to research from the University of Cambridge, Bitmain leads with an approximately 82% market share. MicroBT follows with 15%, and Canaan holds about 2%.

This dominance makes the shift in production not just a tax-avoidance strategy. It also has the potential to significantly reshape global supply chains.

Previously, according to Bloomberg, US-based crypto miners faced delays in receiving shipments of new equipment after Trump’s election victory.

This shift is expected to bring substantial benefits. Most notably, it will shorten the time it takes for mining rigs to arrive at US facilities. That will help optimize supply chains and reduce logistics costs.

“Bullish for US Bitcoin mining,” an investor commented on X.

This is especially crucial as Bitcoin mining becomes increasingly competitive. Companies must maintain high efficiency to cope with rising mining difficulty after halving events.

A recent report from BeInCrypto further stated that Bitcoin mining costs have jumped over 34% as the hashrate hits a new all-time high. Many mining firms are now looking to diversify their revenue streams in order to survive.

Additionally, the United States has already established itself as the world’s leading Bitcoin mining hub, contributing more than 75% of the global hashrate. With this new plan, the US is gaining even more dominance, especially as Trump positions himself as a Bitcoin-friendly president.

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Bitcoin, Ethereum, and XRP Price Today (19th June, 2025)

Coinpedia

The crypto market today is walking on a tightrope as the investor sentiment stays neutral territory, with the Fear & Greed Index at 48. The total valuation of the industry has dipped slightly to $3.26 trillion. Trading volumes, too, have taken a hit, down by 9% indicating cautious moves by market participants.

Talking about blue chip coins, Bitcoin is changing hands at $104,991.34, while Ethereum trades at $2524.22. XRP is slightly down at $2.16, holding on to gains from earlier in the week. The business appears to be in a consolidation phase, with volumes reducing and price ranges tightening.

Bitcoin Price Prediction

Bitcoin price continues to hover around the $105k mark, showing resilience despite geopolitical instability. On the charts, BTC has formed a symmetrical triangle, hinting at a potential breakout, although the direction remains uncertain.

It is worth noting that the support lies at $103,600, and a break below this could drag BTC toward the psychological $100k mark. Contrarily, the bulls must reclaim their foothold at $105,500 and aim for a breakout toward $108,000, where significant resistance awaits. However, with intraday volume at $48.42 billion, down nearly 9%, any upside may be capped unless fresh momentum arrives.

Curious about BTC’s long-term growth? Read our Bitcoin Price Prediction 2025, 2026-2030!

Ethereum Price Prediction

Ethereum has been range-bound, with prices slipping 0.54% to $2524.22. However, whale wallets have been actively accumulating, which is a healthy sign for a possible breakout. Traders should take note that the 24H low of $2469.05 serves as immediate support.

If ETH price holds above $2,500, a short-term rally to $2,600 is possible. Conversely, falling below $2,460 could take ETH back toward the $2,400 demand zone. That being said, the drop in 24H volume by 17.65% may reflect weakening conviction among retail traders.

Interested in stacking some Ether? Read our Ethereum Price Prediction 2025, 2026-2030 Now!

XRP Price Prediction

XRP is showing signs of strength amid broader market uncertainty, down only 0.11% in the past day. Its relatively stable price at $2.16 comes in the wake of positive sentiment from the Canadian XRP ETF approval, which has kept the asset in the spotlight.

Technically speaking, XRP is trading close to resistance at $2.18. A bullish breakout could push it toward the $2.30 region. On the downside, support rests at $2.12, and a slip below that may open the gates to $2.00. Despite the price stability, the 14.94% drop in volume signals hesitation in the rally's continuation.

Worried about your XRP holdings? Check out our Ripple Price Prediction 2025, 2026-2030!

FAQs

How much is Bitcoin selling today?

BTC price today is at $104,991.34 with an intraday change of -0.47%.

Is Ethereum’s whale activity a bullish signal?

Yes, historical trends show that whale accumulation often precedes a price rally.

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Late To Solana’s (SOL) Rise? Don’t Miss Ruvi AI (RUVI), Analysts Predict $1 Evaluation To Its Audited Token

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Solana took the crypto world by storm, skyrocketing in value and making its early investors incredibly wealthy. If you feel like you missed the boat on Solana, don’t worry, because there’s a promising new opportunity on the horizon. Ruvi AI (RUVI) is creating a buzz in the crypto space, offering a chance for significant returns with its innovative blend of blockchain technology and artificial intelligence. With analysts projecting a $1 valuation, Ruvi AI’s Phase 2 presale is the perfect entry point for investors looking to ride the next wave of financial success.

Why Analysts Are Excited About Ruvi AI

What made Solana stand out during its rise was its functionality and scalability. Similarly, Ruvi AI addresses real-world problems, integrating AI with blockchain technology to create game-changing solutions across marketing, entertainment, and finance. This utility alone makes Ruvi AI more valuable than your typical speculative crypto project, ensuring sustained demand for its token.

Right now, Ruvi AI’s Phase 2 presale pricing of $0.015 per token represents a golden opportunity to get in early. What makes it even more exciting is the guaranteed increase to $0.07 per token after the presale, offering early investors an almost 5x return right out of the gate. But the potential doesn’t stop there. Analysts project Ruvi AI could reach $1 per token, delivering a staggering 66x ROI for those who seize the opportunity today.

A Strong Start With $1.8 Million Raised

Ruvi AI’s presale success confirms its incredible potential. The project has already raised $1.8 million and attracted over 1,600 holders, a clear indication of the growing trust and interest in this ambitious project.

Unlike other speculative tokens, Ruvi AI takes a structured and transparent approach to price growth. The guaranteed post-presale price of $0.07 ensures early participants see real value even before the token is listed on exchanges. For those who missed Solana’s rise, Ruvi AI offers a chance to catch up with life-changing returns.

VIP Tiers to Amplify Your Returns

Ruvi AI takes investor incentives to the next level with its VIP investment tiers. These tiers offer additional bonuses for larger contributions, maximizing the potential for phenomenal returns. Here’s how it works:

VIP Tier 2 ($750 investment, 40% bonus):
- Total tokens received: 70,000 (50,000 base + 20,000 bonus).
- Value at $0.07 per token: $4,900.
- Value at $1 per token: $70,000.
VIP Tier 3 ($2,100 investment, 60% bonus):
- Total tokens received: 224,000 (140,000 base + 84,000 bonus).
- Value at $0.07 per token: $15,680.
- Value at $1 per token: $224,000.
VIP Tier 5 ($9,600 investment, 100% bonus):
- Total tokens received: 1,280,000 (double the allocation).
- Value at $0.07 per token: $89,600.
- Value at $1 per token: $1,280,000.

These rewards make Ruvi AI one of the most lucrative presale opportunities currently available in the cryptocurrency market.https://presale.ruvi.io

Transparency and Security Build Credibility

Transparency and security are critical for investors, and Ruvi AI excels in both areas. To ensure its reliability, Ruvi AI is undergoing a third-party audit by CyberScope, one of the most trusted blockchain auditing firms. This guarantees the project’s infrastructure is robust and secure.

Additionally, Ruvi AI has partnered with WEEX Exchange, a globally recognized trading platform. This partnership guarantees post-presale liquidity, giving investors peace of mind knowing they’ll have immediate access to trading once the token is listed.

Practical Applications Drive Long-Term Demand

Where Ruvi AI really shines is in its practical, real-world utility. Unlike many crypto tokens built on hype, Ruvi AI uses its technology to solve genuine problems across multiple industries:

Marketing: AI-powered analytics from Ruvi AI optimize advertising strategies, helping businesses maximize ROI and better engage consumers.
Entertainment: Blockchain-secured payments and personalized AI recommendations elevate creators’ ability to monetize content while delighting audiences.
Finance: Tools for fraud detection, transparency, and operational efficiency make Ruvi AI an essential player in modernizing financial workflows.

These diverse applications ensure Ruvi AI’s value extends far beyond speculation, creating sustainable growth for years to come.

Why Now Is the Time to Invest in Ruvi AI

Solana showed us that early-stage investments in game-changing blockchain projects can generate astronomical returns. Now, Ruvi AI is ready to repeat that legacy, offering a $0.015 entry price, a guaranteed $0.07 post-presale valuation, and a potential $1 price milestone. With over $1.8 million raised, 1,600+ holders, and a solid foundation built on transparency and utility, Ruvi AI is quickly becoming a top choice for crypto investors.

If you missed Solana’s rise, don’t miss Ruvi AI. Seize this opportunity now before the price soars and join what could be the next great blockchain success story.

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