Overview
- ADA trades around $0.61, roughly 40% below its August peak and about 53% under its December high.
- Technical gauges have turned bearish, with a daily death cross, a bearish pennant, and price holding below Ichimoku and Supertrend indicators.
- Analysts highlight a make-or-break band at $0.58–$0.60, warning of potential tests toward $0.52–$0.55 if it fails, while a confirmed breakout could target $0.90 to above $1.50 in later months.
- Founder Charles Hoskinson countered a viral critique by arguing TVL and daily active user counts understate staking participation and by disputing that adding USDT or USDC alone would lift ADA.
- Hoskinson pointed to the Midnight sidechain, which lists 80+ partners including Brave, Alchemy, BitGo, and Anastasia Labs, and recent security work such as the Ouroboros Phalanx upgrade, as efforts intended to bolster utility; market data show a $22.3 billion cap and daily volume above $1 billion.