Overview
- ADA has climbed to around $0.80, marking a roughly 30% increase in the past month and 11% in the last week even as daily trading volume dropped about 31%.
- The token cleared a descending triangle at $0.64–$0.65 and confirmed a falling wedge breakout, signaling renewed accumulation pressure on weekly charts.
- Derivatives data shows over 75% of major participants on Hyperliquid hold long positions in ADA, reflecting strong conviction among whales.
- Key supply walls sit at $0.85 and $0.93, which analysts say must be absorbed to open a path above the $1.00 psychological level.
- The SEC’s upcoming decision on Grayscale’s spot-ADA ETF is the next significant catalyst that could add fresh momentum.