The Cardano price prediction faces a highly complex scenario this Friday, sitting dangerously close to losing the 0.40 dollar support level. Intersect, the member-based organization for the ecosystem, officially confirmed that the mainnet is suffering severe technical issues that have slowed block production. This incident occurs just after failures were detected in the preview environment, which has generated an immediate wave of uncertainty among investors and project developers.
On the other hand, the asset management firm 21Shares announced the cross-listing of six new financial products on the Nasdaq Stockholm. Among these launches, a specific ETP for ADA stands out alongside others for Aave and Polkadot, backed by a company that manages over 8 billion dollars in global assets. Despite this positive news regarding institutional adoption, the market reaction has been tepid, as the community prioritizes the operational stability of the infrastructure over the new investment vehicles available in Europe.
Likewise, distrust has deepened due to rumors regarding the launch of a new chain by the protocol’s founder. This situation threatens to expel the digital asset from the top 10 cryptocurrencies by market capitalization, a negative event not seen since the year 2024 when its quotation was below 0.30 dollars. There is growing concern about whether the project’s leadership maintains its full commitment to the original chain, which aggravates risk perception during such a delicate technical moment.
Will institutional products manage to save the valuation amid the technical failure?
However, the recent market trend demonstrates that new exchange-traded fund launches are not guaranteeing immediate price surges. Technical analysis reveals a weakened RSI at 25.90 points, indicating strong selling pressure, suggesting the asset could descend toward the critical support of 0.35 dollars soon. Unlike Solana, which has seen capital inflows, most altcoins suffer severe corrections following their debuts on traditional exchanges, leaving holders exposed to significant losses in the short term.
Finally, the resolution of the technical conflict will be decisive in avoiding a greater drop in the coming trading hours. Traders and institutional investors remain waiting for a definitive solution on the blockchain, coordinated by the entities Input Output and the Cardano Foundation. If block production is not normalized quickly, it is likely that confidence will erode further, invalidating any bullish momentum that the new financial products might have offered to the ecosystem under normal circumstances.
