Where Could Cardano (ADA) Price Go This New Week?

Cardano isn’t entering the new week with much momentum. The ADA price has fallen by more than 30% during the last week and is now valued at approximately $0.1620, its lowest price since 2020. Bitcoin’s decrease in value has had an impact on the cryptocurrency market as a whole, but meanwhile, Cardano itself has faced some problems.

Some see a network preparing for major upgrades. Others see a project struggling with governance issues and shrinking on-chain activity. That combination makes this one of the more interesting charts to watch over the coming days.

What Is Driving the ADA Price Right Now

The biggest long-term story remains the Ouroboros Leios upgrade. It has been reported that the Cardano testnet will be launched in June 2026, and the development team will try to boost its performance from 10 times to 65 times, meaning that there would be more than 1,000 transactions per second. If this scenario comes true, then Cardano will have an advantage over other DeFi coins.

Regulation is another area that could influence the ADA price. The proposed CLARITY Act may classify ADA as a digital commodity, removing a major source of uncertainty for institutional investors. At the same time, August 9, 2026, marks the earliest date a spot ADA ETF could become eligible after completing the required CME futures seasoning period.

Not every development has been positive. Proposed funding of 33 million ADA for research was met by approximately 86% resistance, leading to worries that future funding for development may be jeopardized. 

The cancellation of Cardano Summit 2026 was due to 7.8 million ADA requests from the treasury and costing approximately $2 million, which managed to get only 65.21%, falling short of the required 66.67%. Despite these worries, large investors are still buying. Wallets with 10 million ADA and above now have over 220 million ADA, a record high in four months.

Read Also: Does Cardano Have a Future After ADA’s Price Collapse?

Here’s What the ADA Chart Is Showing

We had a look at the ADA chart, and it’s easy to see why traders are paying attention. The ADA price is trading at $0.1611, nearly 27% below the 100-period SMA at $0.2205. That gap is one of the largest seen during this correction and shows how strong the selling pressure has been. 

A move back to the moving average alone would require a recovery of approximately 37%. One detail stands out above everything else: volume. The latest decline produced the biggest volume spike on the chart, a pattern often linked to capitulation, where panic selling reaches its peak.

Momentum indicators are also becoming interesting. The RSI has dropped to 33.04, the lowest reading during this entire period, and three bullish divergence signals are active at the same time. 

Similar signals in March helped launch a rally from roughly $0.235 to $0.300, although two bullish signals that appeared in May failed to produce a lasting recovery. That mixed history means the chart is offering opportunity, but not confirmation.

Where Could the ADA Price Go Next?

Under the first scenario, one would see the ADA price bounce off the recent lows near $0.145-$0.150. Should the bulls defend these levels, the ADA price can rise to $0.180, then $0.200, before challenging the 100 SMA at $0.2205. 

On the other hand, should the ADA price breach the present support level of $0.145, further tests on $0.130, $0.120, and $0.100 levels will follow should the downtrend persist in the broader crypto sector.

At the moment, it seems that Cardano finds itself in a dilemma. Technical indicators reveal strong oversold levels; there is still accumulation by whales; the Leios upgrade serves as a huge catalyst towards the end of the year. 

FAQs

What is the Ouroboros Leios upgrade

Ouroboros Leios is Cardano’s next major network upgrade designed to increase throughput by 10x to 65x and potentially support more than 1,000 transactions per second, improving scalability for DeFi and enterprise applications.

Is Cardano still a good long-term investment

Many investors remain optimistic because of upcoming network upgrades, potential regulatory clarity, and ETF possibilities. However, governance challenges and slowing ecosystem activity remain risks that investors should monitor.