$ADA Cardano (ADA) has seen heightened volatility in recent weeks, swinging between roughly $0.62 and $0.69. On June 13, ADA plunged about 6% from near $0.688 to $0.625 before rebounding, driven by a contentious $100 million Treasury proposal for stablecoin liquidity. This volatility reflects both technical triggers and broader shifts in sentiment.

Whale activity has amplified instability. Several reports indicate large holders have offloaded over 270 million ADA recently… Others note whales have also been buying—310 million ADA in early June—highlighting a tug-of-war between distribution and accumulation .

Technically, ADA has repeatedly tested and rebounded between support zones near $0.62–$0.64 and resistance around $0.68–$0.69. A recent 10% flash drop followed by recovery into an ascending channel underscores how swiftly market dynamics shift. Trading ranges have widened; one 24-hour window saw an 8.8% swing between $0.66 and $0.72.

Volatility metrics also reflect this environment: a short-term volatility rate of about 6.2%, and ADA is almost three times more volatile than the Dow Jones Industrial average . Fear/greed sentiment hovers near “fear” levels, capturing the uncertainty surrounding both macroeconomic trends and ecosystem news.

In summary, Cardano’s recent volatility is fueled by governance debates, whale movements, broader macro headwinds, and technical trading levels—resulting in sharp intraday swings and an overall choppy trading range.