Cardano Price Prediction: Can SecondFi’s Recovery Plan Pull ADA Out Of Its Slump?
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Cardano (ADA) trades at $0.1449 on June 29 after a 0.8% uptick as a US‑Iran ceasefire improved risk sentiment, but remains locked in a Supertrend (10,3) downtrend with the indicator at $0.1715 and a broken $0.20 support zone. SecondFi will release a wallet‑check tool by early next week to assist users affected by its exploit, and ADA logged its largest exchange outflow week in June, signaling holder-driven flows from CEX/DeFi channels and active security remediation rather than clear price recovery.
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- SecondFi will release a wallet-check tool by early next week for users affected by the exploit
- ADA logged its largest exchange outflow week in June despite a brutal four-week selloff
- US and Iran agreed to halt attacks, lifting risk sentiment heading into the new week
Cardano trades at $0.1449 on June 29, up 0.8% as broader risk appetite improves following a US-Iran ceasefire agreement. ADA remains deep in a downtrend, but recovery progress on the SecondFi exploit and steady exchange outflows are giving holders something to point to.
Is ADA Still Trapped In Its Supertrend Downtrend?
The daily chart shows ADA locked inside a Supertrend (10,3) downtrend that has capped every bounce since February, with the indicator currently reading $0.1715, well above spot. Price broke a long-standing support zone between $0.20 and $0.…
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