Cardano (ADA) remains well below its all-time high of $3.10 (September 2021) due to weak network activity, limited DeFi adoption, and lack of major ecosystem growth. Despite launching smart contracts, ADA hasn't attracted the same user base or developer interest as rivals like Solana or Ethereum. Technically, ADA faces strong resistance at $0.45, $0.60, and $1. It's also trading below its 200-day moving average, signaling ongoing bearish pressure. The RSI often sits below 50, showing weak momentum.
With a circulating supply of nearly 35 billion ADA, reaching $3 again would require a market cap of over $100 billion—an increase of more than 650% from current levels. That’s unlikely without a major crypto bull run or significant upgrades. Investors are watching for a breakout above $0.60 and rising transaction volume. Until then, ADA may continue underperforming compared to high-utility chains and coins riding stronger hype cycles.
