Overview
- ADA trades around $0.82–$0.83 as charts show a falling-wedge setup and price pinned near the 50-day moving average.
- Analysts say sustained closes over $0.90–$1.00 would pave the way to challenge the long-term trendline cluster near $1.00–$1.10.
- If confirmed, upside targets commonly cited cluster near $1.50–$2.00, with some technicians discussing parabolic potential.
- Large-holder activity is mixed, with reports of roughly 50 million ADA sold in 48 hours even as other data highlight accumulation during weak sentiment.
- Longer-term drivers referenced by analysts include the Leios upgrade, Hydra scaling, the Midnight privacy layer, and speculation about a potential ADA ETF.