Cardano (ADA) Price: ADA Crashes to Six-Year Low — Is This a Buying Opportunity?

TLDR

• ADA hit a six-year low of $0.139 on June 24, 2026
• SecondFi wallet exploit saw 16 million ADA (~$2.4M) stolen from 374 wallets
• The $129M figure in some reports includes funds SecondFi secured, not stolen
• EMURGO has set up a restoration fund and is considering legal action
• Analyst Ali Charts warns a TD Sequential buy signal may be a bull trap

Cardano’s ADA token fell to its lowest price since 2020 this week, hitting $0.139 on June 24. The drop followed a security breach at SecondFi, Cardano’s largest wallet provider. ADA has since recovered slightly and was trading around $0.1483 at time of writing.

The price is now more than 95% below its all-time high, down over 55% from its 2026 peak, and 40% lower over the past month. On a yearly basis, ADA is down 74.4%.

The SecondFi exploit involved four separate draining events over 72 hours beginning June 22. Attackers found a flaw in SecondFi’s wallet generation software. Around 16 million ADA, worth approximately $2.4 million, was taken from 374 wallets.

Some reports put the figure closer to $20 million. However, that number includes 129 million ADA that SecondFi moved to a third-party custodian as an emergency protective measure. Those funds were secured, not stolen.

SecondFi has since patched the vulnerability for unaffected wallets and remains in maintenance mode. Independent audits are underway.

What Analysts Are Saying

Crypto analyst Ali Charts flagged a TD Sequential 9 buy signal on the daily chart — a pattern that can point to a short-term bounce. But Ali warned this could be a bull trap rather than a genuine bottom, saying any recovery is likely to stall between $0.160 and $0.176. He urged traders to watch $0.176 closely for signs of rejection.

Analyst BullifyX noted that the $0.148–$0.150 support zone has been lost. According to BullifyX, sellers now have the advantage unless buyers push ADA back above that level quickly.

The weekly RSI sits at 28, below its 31.90 signal line. The market is oversold but has not yet shown signs of reversal.

Key Price Levels to Watch

ADA is still trading below its major daily exponential moving averages. The next key support levels are $0.136 and $0.127. A break below those would suggest the downtrend is continuing.

On the upside, ADA needs to clear $0.1572 to signal buyers are returning. Resistance above that sits around $0.17.

EMURGO, one of Cardano’s founding organizations, has set up a restoration fund for affected wallets. Compromised wallets are considered permanently lost. EMURGO has also raised the possibility of legal action.

SecondFi confirmed the flaw was in its own software, not in the Cardano blockchain itself.

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