Cardano Price Prediction: ADA Crashes to a 2020 Low After a $2.4M Hack

• ADA fell to its lowest price since December 2020 following a SecondFi wallet exploit
• Cardano just logged its largest exchange outflow day since early June
• $1.8M in ADA leverage got liquidated over the past 24 hours

Cardano trades at $0.1494 on June 25, down sharply after a wallet exploit triggered the asset’s lowest print since December 2020. Yet exchange data shows holders pulling ADA off platforms at the fastest pace in weeks.

Is ADA’s Drop About Selling Pressure Or Something Else?

The daily chart shows ADA in a clean downtrend, trading well below its 20-day EMA at $0.1693 and miles under the 200-day EMA at $0.3047. Price broke a horizontal support zone between $0.20 and $0.22 in early June and hasn’t looked back, sliding from $0.28 to current levels in under three weeks.

The RSI sits at 28.63, deep in oversold territory, and the chart shows a bullish divergence forming as RSI carves a higher low while price prints a lower low. That pattern has flagged short-term bounces for ADA before, including the cluster of bullish divergences seen last December. Key levels: support at $0.1468 and the psychological $0.14 floor, resistance at $0.1693 on the 20-day EMA, then $0.1982 on the 50-day.

What’s Behind The ADA Leverage Liquidations?

Roughly $1.8M in ADA leverage got wiped out over the past 24 hours, with $1.35M of that coming in just the last four hours. That’s a small slice of total open interest, but the pattern matters more than the size. 

Each leg down this month, on June 17, June 21, and again this week, has plowed through stacked long leverage sitting just below price, the same setup that triggered the June 1 flush.

That repeated liquidation cascade explains why ADA keeps overshooting to the downside even as on-chain demand looks healthier than the chart suggests.

Why Are Whales Accumulating ADA During The Selloff?

SecondFi, the Cardano wallet formerly known as Yoroi, confirmed three separate attacks drained roughly 16 million ADA, worth about $2.4 million, from 374 wallets through a flaw in its wallet generation software. The team moved a further 129 million ADA to a third-party custodian before attackers could reach it. Security firm SlowMist estimates total exposure could top $20 million pending an independent audit.

Despite the headline risk, exchange outflow data shows the day of the exploit news produced the largest single-day removal of ADA supply from exchanges this month, a signal typically read as accumulation rather than panic selling. This week is tracking as the strongest accumulation week since late May. Separately, Cardano’s Leios testnet went live, a scaling upgrade the network has been building toward for months.

Cardano Price Prediction: Upside and Downside Targets

• Upside case: The bullish RSI divergence plays out, ADA reclaims $0.1693 and pushes toward $0.1982 if accumulation continues to outpace exploit-related selling.
• Downside case: Leverage flushes continue and BTC weakness drags the broader market lower, sending ADA through $0.14 toward the $0.12 region last seen in 2020.