Overview
- ADA traded near $0.64 after breaking below short-term support, with CoinDesk noting resistance now around $0.655 and a possible retest of $0.64.
- On-chain updates pointed to 100 million ADA sold by large holders over 72 hours this week, contrasting with multi‑week accumulation reported earlier.
- Institutional flows softened, with CoinShares data showing about $300,000 in weekly outflows after $3.7 million of inflows the week before.
- Technical structure remains a large symmetrical triangle above key support at roughly $0.60–$0.62, while resistance clusters from $0.70 to $0.80.
- Analysts map scenarios that include a measured move toward $1.70 on a confirmed break above ~$0.80 or tests down to $0.55–$0.50 if support fails.