Red alert: Rising Cardano price has formed a risky pattern
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 03 2025Cardano Price Surge: Cardano (ADA) experienced a price increase of over 17%, reaching $0.60, following the first on-chain transaction proving Bitcoin's state on its blockchain, marking the start of a Cardano-Bitcoin bridge.
Challenges Ahead: Despite the positive developments, Cardano faces significant challenges with low DeFi total value locked and stablecoin supply, leading to concerns about its activity level compared to newer networks, while technical analysis suggests a potential bearish breakout in the near future.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
