The cryptocurrency market has been riddled with significant selling pressure 
over the past week, with the Cardano price taking one of the largest hits 
among large-cap assets. According to CoinGecko data, the altcoin has lost more 
than 30% of its value in the past seven days. However, a crypto founder has 
opined that panic-selling Cardano during this significant phase of 
capitulation might not be the right move. $0.05-$0.10 Could Be A Good 
Accumulation Zone For ADA: Analyst In a June 5th post on the social media 
platform X, Alphractal founder and CEO Joao Wedson identified the relevant 
price levels to watch if the worst-case scenario crystallizes for the Cardano 
price. The on-chain data expert pinpointed $0.1097 and $0.03478 as the two key 
levels if this price correction continues. According to Wedson, the $0.1097 
and $0.03478 represent the Thermo Price and Delta Price, respectively, for 
Cardano. The Alphractal explained that the Thermo Price, which is the more 
stable level, is estimated as the blockchain’s historical revenue (in USD) 
divided by the current circulating supply. Related Reading: XRP Monthly RSI 
Drops To All-Time Low As Market Watches For Confirmation Wedson defined this 
on-chain metric as the “price per coin,” based on the accumulated historical 
cost or revenue generated by issuance and the fees paid to validators over the 
blockchain’s lifespan. “It is an on-chain valuation metric, similar to a 
historical cost of production or network security diluted by circulating 
supply,” the crypto CEO explained. Meanwhile, the Delta Price measures the 
numerical difference between the Realized Price and the aforementioned Thermo 
Price of a cryptocurrency (Cardano, in this case). This on-chain metric 
connects investors’ average cost basis to validators’ mining (or production) 
costs, providing insights into deep-cycle bottom and long-term accumulation 
regions. According to Wedson, the Cardano price has only ever reached the 
Delta Price twice, while it has never touched the Thermo Price. “I am not 
saying the price will necessarily visit these levels, but these are regions 
that need to be monitored closely, since the values change frequently, 
especially the Delta Price,” the Alphractal CEO clarified. The crypto founder 
further highlighted that the $0.05 to $0.10 range could be a very 
“interesting” accumulation zone for the ADA token, especially if additional 
bearish pressure develops. Nevertheless, Wedson believes that, if the 
cryptocurrency does not fall any further, investors can simply wait a few 
months to buy Cardano (with much greater confidence) after a retest at higher 
levels. Cardano Price At A Glance As of this writing, the price of ADA stands 
at around $0.1568, reflecting a 16% decline in the past 24 hours. Related 
Reading: Are Institutions Crashing The Bitcoin Price On Purpose? Here’s What 
People Are Saying Featured image from iStock, chart from TradingView

The cryptocurrency market has been riddled with significant selling pressure over the past week, with the Cardano price taking one of the largest hits among large-cap assets. According to CoinGecko data, the altcoin has lost more than 30% of its value in the past seven days. However, a crypto founder has opined that panic-selling Cardano &#8230;

Cardano Price Could Be Heading To $0.10 — Crypto Founder Offers Insight

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Cardano Price Could Be Heading To $0.10 — Crypto Founder Offers Insight

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