Cardano Falls Out of Top 15 as ADA Price Risks Further Decline

Key Insights:

• Cardano has dropped to 16th place after Monero and Canton overtook its $5.43 billion market capitalization.
• More Crypto Online expects ADA’s broader bearish structure to target the $0.09–$0.10 region.
• Cardano recorded about 37 million ADA in daily on-chain trading volume during the latest sell-off.

Cardano has fallen outside the cryptocurrency market’s top 15 after weeks of heavy selling and rising ecosystem concerns. Monero and Canton now hold larger market valuations, leaving ADA ranked as the world’s 16th-largest cryptocurrency.

Meanwhile, technical analyst More Crypto Online sees little evidence that the decline is approaching exhaustion. Its weekly chart suggests ADA could continue moving toward $0.09–$0.10, even as on-chain trading activity records a sharp increase.

Cardano Crypto Loses Its Top 15 Position

Cardano’s market capitalization has declined to about $5.43 billion following ADA’s latest price collapse. Monero now holds the 15th position with a valuation of nearly $5.49 billion, while Canton ranks 14th at roughly $5.68 billion.

ADA briefly fell below $0.15 and touched approximately $0.1493 before recovering toward $0.15. Even so, the asset remains down around 9% over 24 hours and nearly 36% during the past week.

Its fall in the rankings reflects more than short-term market volatility. Cardano has faced weaker investor sentiment, internal governance disputes, and growing concerns about the funding outlook for projects in its ecosystem.

TapTools recently announced plans to close its operations in the coming weeks. Other Cardano-based platforms, including JPG.store and JX Door, have also ceased operations.

Charles Hoskinson later warned that more projects could fail during the year as bearish conditions pressure developers and businesses. These statements have reinforced concerns over Cardano’s ability to retain builders during a prolonged downturn.

Analyst Sees ADA Sliding Toward $0.09

More Crypto Online said Cardano price remains on the bearish path outlined in its previous forecasts. According to the analyst, ADA is developing a larger Elliott Wave C decline within a longer corrective structure.

The weekly chart showed ADA price falling below the 78.6% Fibonacci level near $0.164. Its next major downside objective sits between $0.09 and $0.10, with the 100% Fibonacci extension positioned near $0.0925.

That zone also represents the first major target for the projected fifth wave. However, the analyst noted that a corrective wave-four rebound could begin before ADA reaches the lower target.

Any rebound would need to reclaim the earlier consolidation highs before the bearish outlook begins to ease. The chart also marks deeper Fibonacci extension levels near $0.049 and $0.034. However, these remain secondary levels, while $0.09–$0.10 forms the primary downside zone.

Volume Surges as Ecosystem Pressure Builds

Minswap Intern reported that Cardano recorded approximately 37 million ADA in on-chain volume during the latest session. The accompanying chart shows a major increase compared with most daily totals recorded throughout May.

Higher activity during a steep decline does not automatically signal renewed demand. It may also come from forced selling, portfolio rebalancing, liquidations, or traders adjusting positions during sharp price swings.

Meanwhile, Cardano’s governance process has also met resistance. DReps rejected several proposals from Input Output Global’s nine-part treasury package, while more than 80% of votes opposed its research proposal.

Hoskinson also unsettled the community after announcing a temporary break without initially explaining whether he was leaving Cardano or reducing his social media presence. Although he later confirmed that he was not departing the ecosystem, ADA had already suffered further losses amid the uncertainty.

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