Overview
- ADA traded around $0.36–$0.38 after multi‑day losses, marking multi‑week lows with roughly 5% daily and about 18% weekly declines.
- Price action broke a well‑defined daily channel and continues to print lower highs and lows, with analyst Ali Martinez highlighting $0.29 as the next key downside level.
- Higher‑timeframe signals skew bearish as the SuperTrend flipped negative, while RSI and MACD on several charts reinforce weak momentum.
- On‑chain and derivatives data turned risk‑off, with Santiment’s Social Dominance at an annual low of 0.032%, Age Consumed spikes signaling dormant coins moving, and OI‑weighted funding turning negative.
- The Cardano Foundation backed a ₳70M Critical Integrations budget as DEX volumes rose month‑on‑month and NIGHT activity stayed strong, with further catalysts flagged such as the Midnight mainnet in Q1 and the Leios upgrade.