Overview
- ADA has fallen more than 67% from its 2024 peak and was quoted near $0.40 on Saturday, with coverage warning of further losses.
- Technical signals turned sharply bearish, including a mini death cross, an ADX near 36, and an oversold RSI, with a projected next target around $0.276.
- Intersect confirmed a Mainnet chain divergence after a malformed delegation transaction validated on newer nodes but was rejected by older versions, slowing block production.
- An individual publicly claimed responsibility for triggering the malformed transaction and issued an apology, according to reporting.
- On‑chain activity remains modest with roughly $230 million in TVL and about $35 million in stablecoins, while Nansen’s CEO predicted ADA could drop out of the top 20 despite roadmap efforts like Hydra, Leios, and Midnight.