Overview
- ADA fell over 3% to about $0.64 after a 67% jump in trading volume, breaking a key support level and reinforcing a bearish short‑term trend.
- CoinShares reported $300,000 in weekly outflows following $3.7 million of inflows the week prior, pointing to softer institutional demand.
- On-chain signals conflict, with reports of six weeks of large-wallet accumulation contrasted by a 100 million ADA sale executed within 72 hours.
- Price action remains compressed in a symmetrical triangle, with support near $0.61 and resistance around $0.70–$0.75, as sellers cap rebounds near $0.655.
- Cardano’s DeFi usage has cooled, with TVL sliding to roughly $280 million and monthly DEX volume near $85 million, while risk-off trading and ETF delays pressure altcoins.