Cardano (ADA) faces strong selling pressure amid a wave of take profit from long-term holders.

The price of Cardano (ADA) fluctuated around $0.54 on Monday, after a fall of nearly 15% last week – reflecting the market's anxiety ahead of escalating geopolitical tensions, especially after America's airstrike on Iran.

This strong adjustment has triggered a massive wave of liquidations, with the total value of long positions ( being "blown away" to nearly 17 million USD in just one week. Not stopping there, on-chain indicators have also sent clear negative signals: profit-taking activity has surged, while many long-dormant wallets have started to move – a sign that selling pressure is increasingly rising.

Cardano price falls as America attacks Iran, global tensions rise

The price of Cardano has weakened significantly amid escalating geopolitical tensions in the Middle East. The standoff lasting more than a week between Iran and Israel has entered a more serious phase as America unexpectedly launched an attack on Iran's nuclear facilities late on Saturday. President Donald Trump confirmed that three key facilities had been destroyed.

This development immediately sparked panic in the global financial market. Investors rushed to a "risk-off" stance, causing Bitcoin to plummet to $98,200 on Sunday – a concerning low, dragging Cardano down to its lowest price since early February.

According to data from CoinGlass, this wave of selling has led to nearly 17 million USD in long positions being liquidated in just one week – a testament to the flight of capital as the market is engulfed by concerns of war.

![])https://img-cdn.gateio.im/webp-social/moments-94bbbb3d9abc8b97b0cbda5b1cfaea2d.webp(The liquidation chart of ADA | Source: Coinglass## The on-chain indicators of Cardano show a negative trend

The Network Realized Profit/Loss – NPL) index unexpectedly surged on June 16, marking the highest level since early March. A smaller increase was also recorded on Friday, indicating that investors are selling off with significant profits – a typical signal of strong profit-taking activity and a factor driving selling pressure in the market.

NPL chart of Cardano | Source: SantimentAt the same time, the "Age Consumed" index (Age Consumed) – another tool from Santiment – also signals negativity. When this index surges, it indicates that tokens that have been "dormant" in wallets for a long time are starting to be moved, usually to be sold. Historically, strong increases in Age Consumed often coincide with short-term price peaks or troughs. For Cardano, this means that the price tends to fall after the index spikes, due to an influx of tokens into exchanges, exacerbating selling pressure.

Cardano's Age Consumed Chart | Source: Santiment## Cardano Price Prediction: ADA hits the lowest bottom since early February

The price of Cardano (ADA) was rejected at the 200-day exponential moving average (EMA) on June 11, initiating a deep fall of nearly 25% in just 11 days. As of Sunday, ADA had dropped to $0.51 – the lowest point since the beginning of February. Notably, this coin has also closed below the upward trend line that has been in place since early November last year, thereby confirming a reversal signal to a downtrend.

As of the time of writing (Monday), ADA is fluctuating around the mark of $0.54. If the fall continues and the closing price is below the important support level of $0.49 on the daily chart, ADA could slide further into the next support area at $0.45.

! Daily ADA/USDT Chart | Source: TradingViewThe relative strength index (RSI) currently at 26 – indicating a severe oversold state and reflecting the prevailing selling pressure. However, the possibility of a technical recovery in the short term is still present when the RSI touches this extreme area. At the same time, the MACD indicator on the day frame has recorded a bearish crossover, accompanied by an extension of the red histogram bars below the 0 line – reinforcing the prospect of a continuation of the downtrend in the near future.

However, in the event that ADA rises again, the area around the $0.60 mark – where it intersects with the old trend line – will be an important target that the bulls need to conquer to regain momentum.

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