ADA needs to prove itself this week. For one thing, Cardano will be undergoing multiple improvements, as well as upgrades and developments within its ecosystem that may help the network in th
ADA needs to prove itself this week. For one thing, Cardano will be undergoing multiple improvements, as well as upgrades and developments within its ecosystem that may help the network in the long term.
The only problem is that the chart continues to struggle with heavy selling pressure, and ADA is currently very cheap compared to where it was before. That leaves traders with a simple question: can Cardano’s upcoming catalysts help the ADA price find a bottom, or is there still more downside ahead?
Even though the ADA price has struggled, development on the network hasn’t slowed down. Charles Hoskinson has a new vision for Cardano’s governance structure which involves shifting the bulk of all governance-related talks from X to a Discord channel associated with Cardano’s on-chain voting system.
There will be a DRep vote, a new constitution, and treasury changes involved in the process. The timing isn’t random. Cardano has officially entered its Voltaire governance era under CIP-1694, where DReps, stake pool operators, and the Constitutional Committee all play a role in major decisions affecting the network.
Beyond governance, several technical upgrades are approaching. The Van Rossem hard fork is expected to finalize Protocol Version 11, bringing new Plutus functionality designed to improve smart contract performance. The governance action was submitted on June 16, with enactment potentially arriving as early as June 28.
The bigger event for many investors may be the launch of the Ouroboros Leios public testnet on June 23. Leios is the latest scaling solution for Cardano, which will try to achieve a throughput of 1,000 transactions per second.
Midnight, the private chain for Cardano, is working on other features that will be introduced in Q3 2026, such as contract composition and recursion. All this is good news for the ADA price in the long term, although not yet visible on the chart.
Read Also: Bitcoin Price News: BTC Holds Above $63K as Rare Bullish MACD Signal Hints at a Bigger Rally Ahead
We had a look at the ADA chart, and the trend remains difficult to ignore. The ADA price stands at $0.1615, making it about 87.5% lower than the peak level of $1.30. The 100-day simple moving average (SMA) is at $0.2369, indicating that ADA is trading nearly 32% lower than one of the crucial trend indicators in the chart.
The fall has been consistent for several months now. From more than $1.00 towards the end of December 2025, the ADA price fell to $0.80 in January, $0.60 in February, $0.40 in March, $0.30 in April, and $0.25 in May before dropping to its current levels.
Source: TradingViewThere has been one positive movement in May as the ADA price recovered from $0.18 to $0.2562. The problem is that the rally stalled almost immediately after reaching the falling SMA 100, and sellers quickly regained control.
Momentum indicators aren’t offering much relief either. RSI is sitting near 34.10, close to oversold territory but not yet at the level where traders typically expect a stronger reversal signal.
The first level traders are watching is $0.16. If buyers can defend this area and upcoming developments such as the Leio’s testnet launch generate fresh interest, the ADA price could attempt another move toward the SMA 100 near $0.2369. A break above that level would be the first real sign that market structure is beginning to improve.
If support fails, attention quickly shifts toward $0.15 and potentially $0.10. For now, Cardano finds itself in an interesting position. The network has governance reforms, scaling upgrades, privacy tools, stablecoin initiatives, and institutional outreach all moving forward at the same time.
Midnight could expand Cardano’s use cases into areas where privacy is important, including enterprise applications, identity systems, and regulated financial services.
Is Cardano still one of the largest cryptocurrenciesYes. Despite its price decline from previous highs, Cardano remains one of the largest blockchain networks by market capitalization and ecosystem size.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Here’s Where Cardano (ADA) Price Could Be Headed This Week appeared first on CaptainAltcoin.
