{"id":9648,"date":"2026-06-05T12:22:02","date_gmt":"2026-06-05T12:22:02","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9648"},"modified":"2026-06-05T12:22:02","modified_gmt":"2026-06-05T12:22:02","slug":"cardano-extends-weekly-losses-beyond-30-despite-community-activity-surge","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9648","title":{"rendered":"Cardano extends weekly losses beyond 30% despite community activity surge"},"content":{"rendered":"
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Key takeaways<\/span><\/p>\n
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Hoskinson clarifies social media break as ADA remains under intense selling pressure\u00a0<\/span><\/li>\n
ADA is down 30% this week and could extend its selloff in the near term.\u00a0<\/span><\/li>\n<\/ul>\n
Cardano fell another 13% on Friday, bringing its weekly losses to more than 30% as investors reacted to comments from founder Charles Hoskinson and broader market weakness.<\/span><\/p>\n
The decline marks ADA\u2019s fifth consecutive day of losses, despite a notable increase in network activity and community engagement.<\/span><\/p>\n
Hoskinson clarifies that he is not leaving Cardano<\/h2>\n
Market anxiety intensified after Charles Hoskinson posted a brief message on social media stating, \u201cI\u2019m taking a break, TTYL,\u201d which some investors interpreted as a potential departure from Cardano and its development ecosystem.<\/span><\/p>\n
Following the backlash, Hoskinson returned with a live broadcast to clarify that he is stepping back only from public-facing activities and social media engagement, not from his involvement in Cardano or blockchain research.<\/span><\/p>\n
He emphasized that his focus remains on addressing complex industry challenges such as the blockchain trilemma, while distancing himself from expectations surrounding ADA\u2019s market performance.<\/span><\/p>\n
\u201cI am not passionate about making the price of ADA go up,\u201d Hoskinson stated during the discussion.<\/span><\/p>\n
While the market reacted negatively, on-chain and social metrics suggest the Cardano community remains highly engaged.<\/span><\/p>\n
According to Santiment data, Social dominance climbed to approximately 0.52%, the highest level recorded this year.<\/span><\/p>\n
Furthermore, daily active addresses surged to 28,459, the strongest reading in roughly four months.<\/span><\/p>\n
The spike indicates that discussions and network participation accelerated as investors responded to speculation surrounding Hoskinson\u2019s comments.<\/span><\/p>\n
However, increased activity has so far failed to offset persistent selling pressure.<\/span><\/p>\n
Cardano price forecast: Technical outlook remains bearish<\/h2>\n
From a technical perspective, Cardano remains in a firmly bearish trend. ADA continues to trade well below its key long-term moving averages (50-week EMA: $0.4139, 100-week EMA: $0.4967, and 200-week EMA: $0.5095)<\/span><\/p>\n
Momentum indicators also remain weak. The RSI has fallen to 22, entering oversold territory, while the MACD remains slightly positive but is nearing a bearish crossover.<\/span><\/p>\n
If the bearish trend persists, the next major support level sits near the 61.8% Fibonacci retracement at $0.1274, calculated from Cardano\u2019s 2020\u20132021 bull market advance.<\/span><\/p>\n
However,<\/span> the <\/span>$0.1500 psychological support could serve as a short-term demand level in the near term.\u00a0<\/span><\/p>\n
<\/p>\n
If the bullish trend resumes, immediate resistance would be seen at $0.2345 (50% Fibonacci retracement) and $0.4139 (50-week EMA).<\/span><\/p>\n
A sustained break below $0.1500 would increase the risk of a deeper correction toward the $0.1274 area, while any recovery attempt would first need to overcome resistance near $0.2345 before challenging longer-term trend barriers.<\/span><\/p>\n
Key takeaways Hoskinson clarifies social media break as ADA remains under intense selling pressure\u00a0 ADA is down 30% this week and could extend its selloff in the near term.\u00a0 Cardano fell another 13% on Friday, bringing its weekly losses to more than 30% as investors reacted to comments from founder Charles Hoskinson and broader market<\/p>\n","protected":false},"author":1,"featured_media":8353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-9648","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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\n<\/picture> <\/div>\n<\/p><\/div>\n![\"ADA\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/ADAUSD_2026-06-05_12-18-03.png\")
<\/p>\n