Overview
- ADA traded near $0.56 after a 24-hour drop of about 6%, with market cap around $20.4 billion and daily volume above $1.7 billion.
- Price action slipped below the 200-day moving average, placing focus on the $0.50–$0.52 area within a historically responsive demand zone.
- Analysts say a move back above $0.60 would be the first positive signal, with $0.66 viewed as the threshold to flip near-term momentum.
- Upside scenarios discussed include retests of $0.70–$0.80 and potentially $0.85–$1.00 if strength builds, contingent on rising volume.
- A weekly close below $0.51 is flagged as a key risk that could open downside toward $0.40 or even $0.32, with Bitcoin weakness and reported whale flows cited as pressures as ADA repeatedly defends a 'golden pocket' support.