Cardano Price Forecast: Can the Bull Run Continue After the Launch of the First Bitcoin DeFi Protocol?

1. Cardano current price and market background

Figure:https://www.gate.com/trade/ADA_USDT

As of June 20, 2025, the latest trading price of ADA is approximately $0.5978, with a slight decrease of 0.17% within 24 hours, and the trading volume remains stable at around $300 million. The overall market capitalization is maintained at around $20 billion, ranking sixth among mainstream crypto assets, only behind Bitcoin, Ethereum, BNB, Solana, and XRP.

Although the overall trend of the cryptocurrency market has temporarily slowed down, the on-chain data of ADA and community enthusiasm remain active. Especially after the launch of the Cardinal protocol in early June, the Cardano community’s confidence has been boosted, providing a potential foundation for a mid-term increase.

2. Cardinal protocol: The first BTC–ADA DeFi bridging solution

Charles Hoskinson, the founder of Cardano, recently announced on the X platform that the Cardinal protocol has officially launched on the mainnet, becoming the first cross-chain solution to support Bitcoin Decentralized Finance on the Cardano blockchain. This protocol allows users to import Bitcoin UTXO in the form of Ordinals NFT into the Cardano network and participate in operations such as liquidity provision, lending, and yield farming.

This marks an important breakthrough for Cardano in multichain interoperability, especially in being able to utilize funds from Bitcoin holders to participate in its DeFi ecosystem, which is expected to enhance the platform’s total value locked (TVL) and user activity. Although this positive news has not yet fully reflected in the price, it is very likely to become a key factor driving the medium to long-term rise of ADA.

3. Technical Analysis: Support, Resistance, and Momentum Assessment

Currently, the price of ADA is in a “neutral zone” between key support and resistance, and the direction is not yet fully clear. The specifics are as follows:

• Strong support zone: $0.588–$0.615. This has been the starting point for multiple rebounds over the past two weeks. If it dips again and breaks down, it could trigger a deeper round of correction.
• Current key support: $0.62. If it holds, it may become a bottoming platform.
• Resistance level: $0.70–$0.71. This is the previous rebound high point, which has been resisted multiple times, indicating heavy selling pressure above. If this area is broken in the future, it will open up upward space targeting $0.75 or even higher.

Technical indicators:

• The RSI (Relative Strength Index) is currently hovering in the 48–50 range, not yet entering overbought or oversold territory, indicating a strong wait-and-see sentiment in the market.
• The MACD (Moving Average Convergence Divergence) is currently below the zero line, and the momentum bars are weakening, indicating a lack of strong upward momentum in the short term.

4. Market Challenges and Future Potential

Although the launch of the Cardinal protocol brings positive news to Cardano, in the short term, ADA long positions still face some challenges:

• Bitcoin’s fluctuations weigh down: Currently, the Bitcoin price hovers around $105,000, with no strong breakthrough. The overall market direction is unclear, which also limits the upward space for ADA.
• Divergence in capital flow: Emerging public chains like Solana and Toncoin have attracted more short-term speculative funds, diverting some attention away from ADA.

However, from a medium to long-term perspective, Cardano still has the following advantages:

• The technical upgrade path is clear: the Voltaire governance module will soon be promoted to improve the on-chain governance system.
• The ecosystem is becoming increasingly rich: the Marlowe smart contract language and the Hydra scaling solution have been launched, laying the foundation for future TVL growth.
• Community Ongoing Development: In terms of developer activities and GitHub update frequency, Cardano has consistently ranked among the top in the industry.

5. Summary and Tips for Beginners

Overall, ADA is currently in a phase of consolidation and bottoming out, facing a stalemate between long positions and short positions in the short term. However, the long-term ecological construction is progressing steadily, providing solid support for the price. For novice investors, the following suggestions are recommended:

1. Pay attention to support and resistance levels: stop loss below 0.588 USD, after breaking through 0.70 USD, you can test long positions with a small amount.
2. Ecosystem benefits as a reference: Closely monitor the data performance of the Cardinal protocol, TVL growth, and whether more BTC cross-chain protocols join.
3. Avoid high leverage operations: It is easy to be washed out by fluctuations in a volatile market. It is recommended to use spot trading or low leverage to establish medium-term positions.
4. Regularly review the market: Pay attention to whether RSI, MACD, and trading volume resonate, looking for entry and exit rhythms.

If the ecosystem continues to evolve in the future and the macro market warms up, the possibility of ADA challenging 0.75 dollars or even 0.85 dollars again still exists. New investors should layout rationally and operate steadily, seizing the structural opportunities brought by Cardano’s price prediction.