Cardano (ADA) Back at $6 Billion, Can Bulls Pass Test?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Cardano 's market valuation returned to the $6 billion mark after dropping below it earlier. At the time of writing, Cardano's market cap was exactly $6 billion, according to CoinMarketCap data , while ADA price traded at $0.165. Advertisement The cryptocurrency market saw a slight rebound after U.S. inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve might keep interest rates steady at its June 17 meeting but is likely to increase rates by the end of the year. Cardano (ADA) Market Data, Image By: CoinMarketCap The Consumer Price Index year over year rose 4.2% in May, according to a report from the Bureau of Labor Statistics. Economists had expected a rise of 4.2% following the April 3.8% increase. HOT Stories Binance Lists Ethereum's Largest Treasury BitMine; XRP Loses $1 Billion ETF Threshold Despite Record Lock Up; Shiba Inu (SHIB) Eyes Regulatory Breakthrough via Japan's New Framework - Morning Crypto Report XRP Vindicated? Ripple CEO Says 'Yes' Bulls face real test Cardano bulls face a real test as derivatives positioning and funding rates in the market point to growing bearish sentiment and increased short bets. Advertisement An imminent death cross on the weekly chart adds to the gloomy outlook, with Cardano trading near lows last seen in December 2020. However, two key on-chain signals serve as a flicker of hope amid the ongoing negativity. ✍️ TL;DR: Large dormant Cardano wallets moving, signs of bounces arising 📊 Metrics Used: Mean Dollar Invested Age, Age Consumed 🔗 Link to chart: https://t.co/CIT6gOeNQe 😮 Cardano's on-chain age metrics have started showing unusual behavior the past several days. $ADA’s Mean… pic.twitter.com/ktUy3ncu5E — Santiment Intelligence (@SantimentData) June 10, 2026 According to Santiment , Cardano's on-chain age metrics showed unusual behavior over the past several days. ADA's Mean Dollar Invested Age, which tracks the average age of capital sitting in ADA wallets, is steadily climbing as dormant wallets make large moves. Advertisement In addition, Cardano 's Age Consumed indicator has seen significant spikes over the last few days, including its largest surge since April. Santiment noted that these two metrics indicate that dormant ADA that had been sitting untouched for long periods is moving again. Santiment noted these signals might not automatically imply a reversal is imminent, but they do indicate that something has changed beneath the surface. Historically, increases in 'clusters of Age Consumed' coupled with a pause or drop in Mean Dollar Invested Age have often appeared around key market turning points. In a separate tweet, Santiment noted that major crypto assets are seeing 2-year low trading volumes, signaling capitulation needed to create a crypto relief rally. #Cardano News #Cardano