Overview

• ADA is hovering around $0.78–$0.80, with traders watching whether the support band holds for a retest of $0.82–$0.85 or gives way toward roughly $0.70.
• New analysis flags weakening DeFi metrics, including TVL near $320 million, stablecoin supply around $37 million, and muted DEX volume of about $1.4 million in 24 hours.
• Crypto.news cites completed breaks of a rising wedge and head‑and‑shoulders patterns, warning of potential downside that could extend toward the June low near $0.51.
• Contrasting views highlight a possible bullish divergence and Cardano’s seasonal tendency for October–November strength, with some projections pointing to $1.50 if buyers reclaim resistance.
• Fundamental updates note added stablecoin liquidity, venture and RWA/Web3 efforts, and 220 million ADA delegated to new DReps, while institutional signals remain mixed with a Reliance Global Group treasury buy but few ETF filings.