Overview
- ADA rebounded from about $0.49 to above $0.55–$0.59 and now trades between the $0.50 support and $0.60 resistance, with the long-watched $0.51 pivot near the apex of a multi‑year triangle.
- Retail buyers returned after a reported 4 million ADA whale sell-off, while large holders accumulated roughly 160 million tokens during the dip.
- Market interest and positioning improved as social dominance climbed to about 1.29% and earlier readings showed synchronized gains across majors with Cardano’s market share near 0.61%.
- Momentum gauges turned higher, with MACD crossovers and a rising RSI, and multiple analysts say a sustained break above roughly $0.58–$0.60 would open targets near $0.70–$0.85 and possibly $1.00.
- A bearish technical view flags an inverse cup-and-handle, a death cross, and resistance on Supertrend with risk toward ~$0.25, while Charles Hoskinson touts Leios throughput gains and the Midnight privacy sidechain as developing catalysts.