- Wallets holding 10M-100M ADA grew their supply share from 37.66% to 38.13% in June
- Daily Cardano transactions fell to around 17,400, near a 45-day low
- SecondFi aims to begin returning $2.4M in stolen ADA within two weeks
Cardano trades at $0.1453 on June 30, down 0.21% as the token closes out a brutal month that saw price fall nearly 40%. Whale wallets kept accumulating through the selloff even as on-chain usage cooled sharply.
Is ADA’s Downtrend Showing Any Signs Of Exhaustion?

The daily chart shows ADA in a deep downtrend, trading miles below every major EMA, with the 20-day at $0.1596, the 50-day at $0.1885, the 100-day at $0.2231 and the 200-day at $0.2969. Price broke a support zone between $0.20 and $0.2231 in early June and has been consolidating in a tight range between $0.14 and $0.16 for the past two weeks.
RSI sits at 30.22 with a separate divergence reading at 25.18, both deep in oversold territory. The RSI divergence tool flagged a bullish setup in early June that played out as a short-lived bounce, and price is now testing similar conditions again near current lows.
What Are The Key Support And Resistance Levels For ADA Right Now?
- Support at $0.1435 and the psychological $0.14 floor
- Resistance at $0.1596, then $0.1885
Has July Historically Been A Strong Month For ADA?

July has been one of ADA’s stronger months historically, averaging an 11.2% gain across the past several years, though results have swung widely from a 67.3% surge in 2020 to a 27.1% drop in 2019.
Six of the last nine Julys closed in the green, including a 29.3% gain last year, giving the month a track record bulls will be watching closely heading into this stretch.
When Will SecondFi Return Stolen ADA Funds?
EMURGO confirmed it has identified a recovery path for SecondFi wallet users and aims to begin returning assets within roughly two weeks, with one week to build the recovery mechanism and a second to test it. The exploit drained about 16 million ADA, roughly $2.4 million, from 374 addresses between June 21 and 23.
A competing forensic report from Tibane Labs, a team that includes former Mt. Gox CEO Mark Karpelès, attributes the breach to an unaudited third-party signing library that replaced EMURGO’s audited code on June 8, leaving private keys derivable from a single signature. EMURGO has not addressed that specific claim publicly. By Tibane’s account, only signatures made from June 8 onward are exposed, meaning wallets that haven’t transacted since are not at risk.
Why Are ADA Whales Buying Despite Falling Network Usage?
Santiment data shows wallets holding between 10 million and 100 million ADA grew their share of total supply from 37.66% on June 25 to 38.13% just four days later, continuing to add through the end of the month. Separately, the count of distinct large wallets making outputs above 1 million ADA hit a 45-day high on June 24, with another spike on June 21.
Network usage tells a different story. Daily transactions fell to roughly 17,400 on June 28, near the lowest level in 45 days, while smart contract transactions dropped to about 4,250, down sharply from a June 5 peak near 26,000. The share of transactions touching a smart contract slid to around 24%, well below the 40-45% range seen in late May, and network fees fell in step. Whale accumulation is climbing while actual on-chain activity is shrinking, a divergence worth watching heading into July.
Cardano Price Prediction: July 2026 Weekly Forecast
| Period | Price Range | Outlook |
| July 1-5 | $0.135 – $0.165 | Range-bound as SecondFi recovery details emerge |
| July 6-12 | $0.13 – $0.17 | Volatility around whale accumulation versus weak usage data |
| July 13-19 | $0.14 – $0.19 | Potential bounce if SecondFi begins returning funds on schedule |
| July 20-26 | $0.14 – $0.20 | Test of the $0.1885-$0.2231 resistance zone if momentum builds |
| July 27-31 | $0.15 – $0.22 | Trend resolution depending on broader market conditions |
Cardano Price Prediction: Upside and Downside Targets for July
- Upside case: Whale accumulation translates into a sustained bid, SecondFi’s recovery proceeds smoothly, and ADA reclaims $0.1885 on its way to $0.2231.
- Downside case: Network usage keeps declining and broader risk sentiment sours, sending ADA below $0.1435 toward the $0.12 region.
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