Cardano price dropped to $0.139 late on Wednesday, June 24, marking its lowest point since 2020 and setting a new six-year low for ADA. This fall followed a security breach at SecondFi, Cardano’s largest wallet provider, in which about 16 million ADA was stolen before the platform was put into maintenance mode.
EMURGO, one of Cardano’s founding organizations, has introduced a reimbursement plan. However, the ADA price had already dropped as sellers reacted to the breach, which wiped out the last remaining support.
SecondFi Exploit Drags Cardano Price to a Six-Year Low
Cardano price fell to $0.139 yesterday, which is over 95% below its all-time high, more than 55% down from its 2026 high, and 40% lower over the past month. The price has recovered slightly today, moving back above $0.14 and is now trading at $0.1475.
EMURGO’s investigation found that the real impact was limited to 374 wallet addresses and about 16 million ADA, worth around $2.4 million. These losses happened over four separate incidents within 72 hours, starting on June 22.
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Some headlines have reported losses close to $20 million, but this figure includes the 129 million ADA that the team managed to secure during emergency measures. Those funds were recovered, not stolen.
A restoration fund has been set up, and SecondFi remains in maintenance mode while independent audits are underway. EMURGO has also mentioned possible legal action, while compromised wallets are considered permanently lost. This incident comes at a particularly bad time for the Cardano coin price.
ADA Coin Loses Key Support as Weekly RSI Falls to Oversold
Crypto analyst BullifyX pointed out that the $0.148 to $0.150 support zone has been lost, and Cardano is now trading below it. According to the analyst, this gives sellers the advantage, and ADA could continue to fall unless buyers quickly push the price back above that level. If they do, the drop could turn out to be a false breakdown.
Ali Charts has a different short-term view. The daily chart showed a TD Sequential 9 buy signal, which usually suggests a bounce, but Ali warns it could be a bull trap rather than a real bottom.
The well-followed analyst says any recovery is likely to stall between $0.160 and $0.176, with $0.176 being the key level to watch for a possible reversal. If the ADA price fails there, Ali expects it to keep falling.
At the moment, bulls need to push the Cardano price back above $0.148 to $0.150 to change the trend. Until that happens, the outlook remains negative. If the ADA coin falls further, the next support level is below $0.140.
Weekly data also suggests caution. The RSI is at 28, below its 31.90 signal line, which means the market is oversold but hasn’t yet shown signs of a reversal. From here, Cardano price could either hold above $0.144 and move toward Ali’s resistance range, or drop further if it loses that level.
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