Overview
- ADA is trading around $0.66–$0.69 with daily volume above $1.1 billion and a market value in the mid-$20 billions, reflecting rising spot activity.
- Chartists report a break above a multi-day descending trendline and an inverse head-and-shoulders neckline near $0.66, with initial resistance clustered around $0.70–$0.71.
- Follow-through above ~$0.70–$0.71 could target $0.74–$0.78 in the near term, while some analysts see scope toward $0.85–$0.90 if momentum strengthens.
- Grayscale’s Digital Large Cap Fund (GDLC) began trading on the NYSE on Oct. 27 with Cardano included, adding a regulated access point for institutional buyers.
- Key guardrails highlighted by technicians remain $0.62932 as pivotal support and $1.15694 as major resistance, with a longer-term $6.25 extension framed as conditional on weekly closes above the 0.618 level and the multi-year uptrend holding.