ADA dropped 13% amid high liquidations and market-wide volatility.
Cardano added 100,000+ wallets and saw a 30% volume increase.
Ford’s PoC on Cardano may help push ADA back toward $0.65.
Cardano's ADA seems to be gearing for a comeback, but price action paints a mixed picture. ADA slipped nearly 13% in a week, now hovering around $0.60. Meanwhile, the network shows life. Wallets are growing. Volume is rising. A Fortune 500 giant just tapped the chain for a bold experiment. The big question is this—can positive ecosystem signals pull the price back to $0.65? Or will market volatility drag ADA even lower?
https://twitter.com/Bitcoinsensus/status/1935626476386390047 ADA Faces Selling But Ecosystem Grows
The price of ADA dropped from $0.70 to $0.60 in seven days. That’s a noticeable fall. Liquidations have hit long traders hard. On June 13, over 241,000 traders faced losses. The market wiped out $1.14 billion across major assets. ADA, Bitcoin, Solana, Ethereum, and Ripple all took hits. At $0.60, nearly $50 million worth of long ADA positions vanished. That zone now holds psychological weight. Market cap sits near $21.26 billion, but short-term traders seem cautious. Despite the price pressure, ADA’s trading volume jumped 30.12% in one day. That spike shows traders are still engaged.
New Partnerships Add Fuel to ADA Hopes
Cardano Network also keeps expanding. More than 100,000 new wallets joined in just two months. Over the last six months, that figure rises to 400,000. As of now, total wallets exceed 5.4 million. That kind of growth rarely happens without real interest. In a surprising move, Ford Motor Company entered the Cardano scene. The automaker teamed up with Iagon and Cloud Court. Together, they launched a Proof-of-Concept for decentralized legal data storage. This initiative could change how corporations handle sensitive legal documents.
Big brands experimenting with blockchain always stir interest. Ford’s move adds credibility and brings new eyes to Cardano. This shift in attention could eventually push ADA higher. While the market battles fear, Cardano quietly builds. Ecosystem growth continues. Trading volume shows strength. Wallet adoption expands daily. And now, fresh enterprise interest adds spark to an otherwise shaky outlook.
Still, bulls must reclaim $0.65 before a full recovery begins. That level stands as the next major test. If volume remains strong and fear eases, ADA could retest that mark quickly. But a drop below $0.58 might invite more downside pressure. ADA dropped 13% amid market liquidations, landing near the $0.60 level. Cardano wallets, volume, and network growth remain strong. Ford’s partnership adds fresh confidence to the project. ADA could rebound to $0.65 if momentum holds steady.
