Overview
- ADA trades around $0.43–$0.45 after a double‑digit intraday bounce, but it remains below key moving averages and inside a multi‑month descending channel within a multi‑year wedge.
- 24‑hour trading volume topped roughly $1.1 billion, signaling elevated activity during the rebound.
- Analysts highlight $0.47–$0.50 as decisive resistance; a clear reclaim could open targets toward $0.60–$0.75, while a loss of $0.43 risks a slide toward the $0.32–$0.40 area.
- Recent on‑chain and derivatives readings show increased short interest and dormant wallets sending coins to exchanges, pointing to lingering downside risk.
- Potential supports include the Dec. 8 Midnight sidechain launch, a planned $30 million DeFi liquidity program for 2026, and renewed institutional visibility via BITW’s listing on Vanguard’s platform.