Overview
- ADA traded near $0.49 after a roughly 20% weekly drop, extending a risk-off slide across altcoins.
- Price fell through the $0.52–$0.50 support band and is probing a weak low around $0.48, with chart watchers eyeing $0.44 if that level fails on a daily close.
- Coinglass data showed about $6.96 million in net inflows to exchanges during the latest session as sellers maintained pressure.
- Charles Hoskinson urged investors to “hold the line” and used X to press for positivity, calling to “summon the gigachad bullrun” and push back on pervasive cynicism.
- In a video address, he claimed fundamentals remain intact, promoted on-chain governance and privacy tech including Cardano’s Midnight sidechain, and projected crypto users could reach 1 billion by 2030.