Overview
- ADA climbed to about $0.59 after breaching a 30‑day descending trendline, with trading volume up roughly 32% to $795 million and ADX near 47, while the Supertrend indicator remains negative.
- Holding above roughly $0.58 is being watched for a push toward $0.69–$0.89, whereas a drop under $0.55 could revive selling, with the multi‑year $0.51 area still flagged as the decisive pivot.
- On-chain data show some whales sold about 4 million ADA earlier, even as 1–100 million‑ADA cohorts accumulated roughly 160 million tokens during the dip, and price rebounded from near $0.49 to above $0.55.
- Retail participation and attention have increased, with social dominance rising to about 1.29% and searches climbing, while derivatives positioning improved even as roughly $5.32 million flowed onto exchanges and liquidation clusters sit near $0.564 and $0.612.
- Separate technical analyses caution that patterns such as an inverse cup‑and‑handle and a death cross could signal deeper downside, with one outlook projecting a potential move toward $0.25 if bearish structures complete.