🚀 $ADA is at $0.633 — Is there still a chance for a breakout?

After a prolonged downtrend, ADA is still far from its previous high of nearly $3. However, there are still some dynamics that could support Cardano in the next cycle:

🔎 1️⃣ The DeFi & stablecoin ecosystem is starting to expand:

Djed (algorithmic stablecoin) is operating steadily.

Many native DeFi projects are developing on Cardano (MinSwap, Indigo, Liqwid...).

🔎 2️⃣ Hydra & Layer 2 technology:

Hydra helps scale transaction processing to millions of TPS, reducing network congestion, with costs near zero.

This is a key point for practical applications in the future.

🔎 3️⃣ Smart contracts continue to improve:

The Plutus v2 programming tool is being upgraded, making it easier for dApps to develop.

The Cardano dev team is known for "slow but steady".

🔎 4️⃣ Adoption potential from governments & enterprises:

Cardano is testing applications related to digital identity and decentralized finance in Africa and Southeast Asia.

🔎 5️⃣ General market effects:

If BTC enters a parabolic phase, top altcoins like ADA will experience a recovery wave thanks to the return of FOMO capital.

⚠ Things to note:

ADA is more of a long-term coin than a short-term speculative coin.

The market can still experience strong fluctuations.

DCA cautiously, avoid FOMO full margin short-term.

⏳ Immediate expectations:

Nearby resistance: $0.70 - $0.75

If it breaks $1, ADA could start a sustainable recovery cycle.