Particle.news
Download on the App Store
10 ARTICLES
·
2w ago

Cardano Holds $0.38–$0.40 Base as 70M-ADA Treasury Push Puts Focus on Breakout

Traders look for a break above $0.43–$0.45 with execution on stablecoin, oracle, cross‑chain funding set to prove its impact.

Image
Cardano news: ada price attempts recovery but this eth based token adoption is outperforming
Image
Image

Overview

  • ADA is consolidating near $0.39 with a short-term floor around $0.38–$0.40 and immediate resistance at $0.43–$0.45 that would confirm broader recovery if cleared.
  • Cardano governance approved 70 million ADA on January 8 to fund USDC/USDT integrations, Pyth oracle infrastructure, and cross‑chain functionality.
  • On-chain data show a January 9 spike in spending from 365‑day to 2‑year holders, while 30‑ to 60‑day cohorts sharply reduced selling, signaling mixed supply dynamics.
  • Technical outlooks diverge, with one analyst eyeing $0.60–$0.70 after a brief pullback and an Elliott‑wave forecast touting a highly speculative path to $10.4.
  • Institutional exposure persists via Grayscale’s Smart Contract Fund, yet capital and attention are also shifting toward Remittix, which has a live wallet and a PayFi platform launch scheduled for February 9.