Overview
- ADA fell 8.8% over the past week to trade around $0.79 and has stalled at the $0.80–$0.90 resistance zone cited by analysts
- Founder Charles Hoskinson reiterated that ADA could deliver 100x–1000x returns by serving as a DeFi yield layer for Bitcoin and highlighted its $27.5 billion market cap advantage
- Realized capitalization rose slightly from $23.4 billion to $23.6 billion, indicating modest inflows even as cumulative volume delta turned negative
- Technical signals have weakened with the MACD crossing below its signal line and a possible head-and-shoulders pattern raising the risk of a drop toward $0.60 if $0.75 support fails
- Cardano’s ecosystem is supported by a roughly 60% staking rate and upgrades like Hydra but still trails competitors with only $354 million in DeFi total value locked