

ADA Price showed a slight increase of 0.35% at the U.S. market meeting on Tuesday, trading at $0.70.
Jun 11, 2025 pm 05:00 PMWith the support of multiple EMAs, although the first Bitcoin DeFi protocol (Cardinal) was officially launched recently, it is still difficult for ADA bulls to achieve a critical upward breakthrough.
During the U.S. trading session on Tuesday, Cardano native token ADA rose slightly by 0.35%, and the price rebounded to fluctuations around $0.70.
Despite being lifted by multiple EMA moving averages and facing the suppression of dense resistance zones above, the market buyer's strength has not successfully promoted an effective price breakthrough. Cardinal, as the first agreement to support Bitcoin users to participate in the Cardano DeFi ecosystem, has been officially launched. The plan allows Bitcoin holders to participate in decentralized financial activities including lending, pledge, etc. without having to hand over asset control. However, it remains to be seen whether the agreement is enough to push ADA prices to hit the $1 mark.
Core mechanism: The bridge connecting Bitcoin and Cardano
The Cardinal protocol realizes cross-chain asset interoperability by converting Bitcoin's UTXO model into 1:1 anchor tokens on the Cardano chain. Its design focuses on Bitcoin ordinal technology, enabling Bitcoin NFTs to exist in the Cardano ecosystem in encapsulated form.
These packaged assets give users the ability to access Cardano DeFi functions, covering multiple scenarios such as lending and liquidity provision. When the user needs to retrieve the original assets, he or she simply destroys the corresponding encapsulated tokens to complete the redemption.
In terms of security, Cardinal adopts a minimum trust mechanism, which requires only at least one honest node to ensure the system is running normally, which is different from the traditional federated model that relies on the honesty of most nodes. In addition, this agreement creates an original asset ownership verification mechanism, which directly realizes cross-chain asset transfer without relying on third-party liquidity pools.
However, the agreement is not yet fully mature and the actual impact on ADA prices has not yet been revealed.
"Although the current agreement has been deployed, as stated in the white paper, we believe it has not yet met the production-level standards. We are continuing to optimize, please pay attention to the subsequent release of version 1.0." Cardinal Chief Technology Officer Roman Pellerin pointed out on his social platform.
ADA prices face key resistance test
Since last week, Cardano price has gradually climbed from $0.62 to $0.72, with a cumulative increase of 15.35%. The daily level shows that the selling pressure caused by the previous loss of the $0.65 support level has been gradually digested.
The rise may benefit from the overall market sentiment recovery brought about by the rebound in Bitcoin prices to the $110,000 range. Currently, the price of ADA is stable around US$0.70, with only a slight gap from the key resistance level of US$0.72.
It is worth noting that this resistance area is superimposed on the daily level of the 20, 50, 100 and 200-period EMA moving average pressures, forming a strong selling pressure band. If it can break through in large volume, it is expected to usher in a new round of rising markets, and the bulls will regain control of the trend.
But on the other hand, the medium-term trend is still suppressed by the downward trend line (shown by the red slash), indicating that there is a risk of price falling again. If the bears counterattack, it may force the price to return to the bottom of $1.
The above is the detailed content of ADA Price showed a slight increase of 0.35% at the U.S. market meeting on Tuesday, trading at $0.70.. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

Contents 1. What is ICN? 2. ICNT latest updates 3. Comparison and economic model between ICN and other DePIN projects and economic models 4. Conclusion of the next stage of the DePIN track At the end of May, ICN (ImpossibleCloudNetwork) @ICN_Protocol announced that it had received strategic investment in NGPCapital with a valuation of US$470 million. Many people's first reaction was: "Has Xiaomi invested in Web3?" Although this was not Lei Jun's direct move, the one who had bet on Xiaomi, Helium, and WorkFusion

When choosing a suitable formal Bitcoin trading platform, you should consider comprehensively from the dimensions of compliance, transaction depth, and functional support. The above ten platforms are widely recognized among global users and provide safe and direct official websites. It is recommended that users give priority to accessing and registering through the official website to avoid third-party links and ensure the security of account assets. In the future, the functions of trading platforms will be more intelligent, and it is recommended to continue to pay attention to the updates and activity policies of each platform.

How do novice users choose a safe and reliable stablecoin platform? This article recommends the Top 10 stablecoin platforms in 2025, including Binance, OKX, Bybit, Gate.io, HTX, KuCoin, MEXC, Bitget, CoinEx and ProBit, and compares and analyzes them from dimensions such as security, stablecoin types, liquidity, user experience, fee structure and additional functions. The data comes from CoinGecko, DefiLlama and community evaluation. It is recommended that novices choose platforms that are highly compliant, easy to operate and support Chinese, such as KuCoin and CoinEx, and gradually build confidence through a small number of tests.

Bitcoin contract trading attracts numerous participants, which provides opportunities to leverage for potentially high returns. However, the inherent risk of contract trading lies in forced closing of positions, commonly known as "losing of positions". A liquidation means that the trader's position is forced to close due to the loss of margin, which often loses most or even all of the initial margin. Understanding how to set up a liquidation warning and mastering skills to avoid forced liquidation is crucial to managing contract trading risks.

Against the backdrop of violent fluctuations in the cryptocurrency market, investors' demand for asset preservation is becoming increasingly prominent. This article aims to answer how to effectively hedge risks in the turbulent currency circle. It will introduce in detail the concept of stablecoin, a core hedge tool, and provide a list of TOP3 stablecoins by analyzing the current highly recognized options in the market. The article will explain how to select and use these stablecoins according to their own needs, so as to better manage risks in an uncertain market environment.

Bitcoin is neither a pure scam nor a single future trend, but an innovative asset that combines controversy and value. Its core value is reflected in: 1. Anti-inflation characteristics, fixed total volume makes it scarce and is regarded as digital gold; 2. Global liquidity, supporting low-cost cross-border transactions; 3. Decentralization and censorship resistance, ensuring user asset autonomy; 4. Technological innovation, underlying blockchain promotes the transformation of trust mechanisms and data storage. Despite the challenges of regulatory and volatility, Bitcoin continues to have far-reaching impacts in the financial and technology fields.

Lido ($LDO) is becoming the main beneficiary of Ethereum's sustained development as the strategic financial infrastructure layer. Lido is the dominant $ETH staking agreement. It allows users to stake Ethereum and receive daily rewards through decentralized autonomous organizations (DAOs), while maintaining full control over their staked tokens. Lido helps Ethereum rise crypto market participants gradually accept the view that staking infrastructure is not just technical support, but becomes a profit engine. As institutions and ecosystems have surged interest in $ETH, some analysts now believe Lido’s native token, $LDO, may be severely undervalued. Mil

In cryptocurrency trading such as Bitcoin, drastic fluctuations in the market are the norm. This volatility brings potential benefits, and is accompanied by significant risks. Effective risk management tools are key to traders protecting principal and locking profits, where take-profit and stop-loss settings play a crucial role.