ADA – the native token of Cardano – 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 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’s data). 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. Market conditions remain unfavorable, and Hoskinson’s recent comments, paired with growing weakness across the ecosystem, are only adding to the pressure. Just several days ago, Cardano’s co-founder sparked panic in the community when he said he’s “taking a break” and warned of an upcoming “wave of failures in the ecosystem.” Meanwhile, the X account BSCN revealed that ADA’s 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. Popular analyst Ali Martinez presented another concerning development. He claimed that ADA has been forming a bearish flag since the beginning of the month and is now breaking from the structure. “Now that Cardano has reached the $0.17 support level, the odds have significantly increased for a bigger price correction towards $0.13,” he added. The Bullish Case Still, not everyone is pessimistic about ADA’s short-term future. X user Sssebi recently noted 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 ₿ also chipped in, opining that ADA’s downfall shouldn’t be seen as the end but as an opportunity. “Back in 2023, ADA went from around $0.22 to $1.30 in just a few months. Maybe history repeats itself. Maybe it doesn’t. But if the next bull run comes, I wouldn’t be surprised to see Cardano make another crazy move,” the X user reminded. The post Cardano’s Meltdown: Is ADA at Risk of Further Decline? appeared first on CryptoPotato .
