Cardano Faces Tumult After $182M Exodus: Can Triple-Bottom Breakout Rescue ADA?

Major Capital Flight Despite Ecosystem Wins

Although Cardano posted promising developments—integration with XRP and Coinbase’s cbADA on the Base network—the price didn’t follow. Data from Coinglass reveals an extensive $182.1 million in spot market outflows during June, as long-term holders exited and unrealized losses grew among 46% of users.

Technical Pattern Sparks Optimism

On-chain and chart analysis reveal a potential triple-bottom breakout above the $0.60–$0.65 zone. With support firmly established near $0.51, a decisive move could drive ADA toward the $0.73 resistance—a gain of approximately 20%. Momentum indicators, including RSI (~49) and a recent MACD golden cross, both suggest building bullish momentum .

Risks That Remain

If the breakout fails and ADA drops below $0.60, it risks revisiting the July 2024 support near $0.31—a decline of nearly 50%. Investors must also consider macroeconomic headwinds, such as fading U.S. labor data recovery and impending tariff risk post-"Liberation Day" on July 8.

Final Take:

Cardano’s ecosystem is advancing—but price has lagged. With strong outflows and bearish sentiment dominating, ADA bears may still control the pace. Yet, the triple-bottom breakout scenario provides a clear path to recovery. Watch support and breakout levels carefully; if momentum continues, ADA could stage a meaningful comeback.