Overview
- ADA is consolidating below $1.00 with analysts highlighting $1.00 as key resistance and support clustered near $0.92–$0.95.
- On-chain data shows renewed accumulation by large wallets, including a reported 130 million ADA added by 10–100 million ADA holders, lifting large-holder totals to about 18.79 billion.
- Futures open interest has increased by roughly $250 million in under a week to around $1.80 billion, indicating traders are positioning for bigger moves.
- Cardano’s DeFi total value locked has been rising and recently topped $380 million, a sign of steady ecosystem growth reported by DeFiLlama.
- Coverage also promotes MAGACOIN FINANCE as a speculative presale play with outsized return claims, which remain unverified and should be treated cautiously.