Ada320

$ADA
🚨Cardano Price Caught Under Bearish Shadows🚨

The ADA coin ranked among the top performers in the recent crypto market rally. It experienced a massive surge that took the Cardano price near its yearly peak of around $1.
Previously, the ADA coin was caught under a 3-month-long descending channel, which indicates its price was trending downwards at that time. But with the recent flare-up, the Cardano price broke above this bearish pattern.
However, now the ADA coin seems to be losing its momentum as the token recorded more than a 15% drop in the last 7 days.
At the time of writing, the Cardano price is trading around $0.71, which means that it has dropped below a crucial support zone and will likely extend its decline.
On top of this, on-chain data reveals a decline in the active user addresses. This weak network activity indicates that the ADA coin’s rally is not reliable, as it is not driven by an increase in demand but by speculation.
Considering this bearish outlook, the Cardano price is unlikely to see a recovery in August. Therefore, investors are eyeing Unilabs Finance (UNIL) as it crossed over $33 million of funding in AUM (assets under management).

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$ADA
🚨ADA Selling Pressure Goes Down🚨

An essential element worth observing when trying to predict ADA’s future price dynamics is the asset’s exchange netflow. Data compiled by CoinGlass reveals that, in recent weeks, outflows have significantly outpaced inflows.
This trend suggests that investors may have transitioned from centralized exchanges to self-custody solutions, thereby reducing the immediate selling pressure.

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$ADA

Cardano Trading Volumes and Active Addresses Surge Amid SEC’s ETF Deadline

In breaking Cardano news, crypto experts shared their mounting optimism around a potential spot ADA ETF as the SEC’s deadline approached. Polymarket traders pushed approval odds above 70%, signaling renewed faith in a Grayscale-led proposal.
On-chain data supports this bullish outlook. Analysts observed $932 million of ADA exiting exchanges and a surge in active addresses, suggesting holders are moving coins off-chain in anticipation of higher prices.
Meanwhile, whale wallets acquired roughly 180 million ADA between May 26 and 30. This underscores deep-pocket confidence even as the SEC pushed its ETF decision timeline toward October.

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$ADA
Cardano Bulls Defend $0.61 Support, But the Bearish Structure Remains Intact-What’s Next for the ADA Price Rally?

Cardano has managed to find temporary support above the $0.6 mark, a level where buyers have consistently stepped in to defend the price from further losses. However, despite this, the broader price structure remains bearish, and the ADA price continues to struggle beneath key resistance levels. Here’s a closer look at what the charts are saying. 
The ADA price has repeatedly bounced off the $0.6 to $0.63 zone over the past several sessions, highlighting this as a critical support range. Bullish participants appear to be accumulating at these ranges, preventing the price from breaking lower. The demand zone is reinforced by previous price action and the recent buying volume, marking it as a key level to watch going forward. 
Despite the support zone holding, the overall trend remains bearish as the ADA price is unable to close above $0.74. Meanwhile, a rise above the range has quickly triggered a massive pullback, which makes these levels mandatory to rise and secure. Meanwhile, the supertrend has turned bearish, which suggests the descending trend could prevail for a while. On the other hand, the RSI has rebounded from the lower threshold, signaling a rise in the strength of the rally. As a result, the ADA price seems to be poised to surpass $0.69 in a short while, but the question remains whether the token could make it above $0.73. 
Cardano’s price is currently in a technical tug-of-war where bulls are defending a structurally important floor at $0.61 but are unable to break the resistance. Until this structure finds some resolution, the current trading condition may prevail, which could likely dictate ADA’s next significant move. 

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$ADA
🚨Cardano Price Prediction: Will ADA Turn Bullish in the Next Weeks?🚨

Cardano’s price has dropped 17% this month, raising fears of a deeper fall. But on-chain data and key technicals hint that this could be a short-term pullback, not a long slump. Traders are watching a key support zone, where early signs of buying are emerging.
Cardano’s 30-day MVRV ratio has dipped to -9.34%. That level often signals undervaluation for Cardano’s price, as most holders are sitting on unrealized losses. In the past, similar drops led to strong rebounds – like the rally from $0.55 to $0.84 in April, and $0.60 to $1.13 in February.
The charts also support a possible bounce. Cardano’s price is near the top of a descending channel, suggesting selling pressure is cooling. The Chaikin Money Flow remains positive, pointing to continued accumulation. Social buzz is rising too, with Cardano’s share of crypto discussion hitting 1.02%.
A clean break above $0.69 could set up a move to $0.73, and possibly $0.78 for Cardano’s price. But buyers need to stay active. If support fails, Cardano’s price could slide to $0.59 – weakening the bullish setup.

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$ADA
Does Cardano Price Have Potential for a Breakout?

The performance of ADA coin over the past six months has left many investors disappointed, as it consistently struggles under the weight of geopolitical tensions. 
Since its last major update regarding the Plomin hard fork in January, ADA crypto has eroded over 50% of its Q4 gains, consistently hovering below key resistance levels.
However, recent projections are sparking buzz about a potential breakout for Cardano. Expert Dan Gambardello shares this optimism, noting on X that “$2 Cardano will happen fast just when it makes its entry into the bull market”. His words suggest that if ADA clears resistance at $0.694 and $1.10, it could signal a sustained rally upward.

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